pricing observation on used equipment

[festal]

Recently came across Kapex from 2011 that was in pretty good condition but was dated 09/2011
Person was asking $1350 for it.  Why would someone pay $1350 for 10 year old saw when you can get same one from recon site for under $1200 with full 1 year warranty and newer model?  Seller texted me and said it was sold at his asking price. I don't get it

 

[squall_line]

Recently came across Kapex from 2011 that was in pretty good condition but was dated 09/2011
Person was asking $1350 for it.  Why would someone pay $1350 for 10 year old saw when you can get same one from recon site for under $1200 with full 1 year warranty and newer model?  Seller texted me and said it was sold at his asking price. I don't get it

Everything is worth what the market is willing to bear.

For someone who wants or needs a Kapex for less than retail, and they need it today, a used, local Kapex at a 10% discount from retail is worth more than a Recon Kapex at 20-25% off of retail.  Add in the fact that the used, local Kapex may already be dialed in, and you know how it got from Point A to Point B (UPS left my Kapex box laying on its side in the rain on my driveway, for example), and that's worth something, too.

One day I went to Acme Tools trying to decide between a Makita and Festool drill/driver combo on a Saturday afternoon.  Ran into a guy whose CT36 died on him in the middle of a kitchen cabinet project.  He walked out of the store with a CT 48 and CT VA-20, because that's the only CT they had in stock and he needed it to keep from losing another week on his project.

Festools, like Toyotas, hold their value rather well relative to most things sold in a big box store.  This is a combination of actual value as well as perceived value (the latter of which can turn into a vicious cycle).

This week was the first week I saw a used Domino DF500 sell for less than 4 figures on eBay.  I think the Domino market is bottoming out for the time being, based on that sale price as well as how long the DF500 lasted on Recon the last few times it was up.  The cycle will likely repeat, though.

This is also why I'm not as concerned about the tools I have and whether I ultimately use them.  If I find out in a year that I have a few items that never see action, I can likely resell many of them without worrying about losing (much) money.  Others have commented in the past that even something like a Lamello Zeta P2 is "virtually free" because of its resale value.

Of course, if you never resell it, it's far from free, but I understand the thinking.

 

[festal]

Makes sense.  I did notice about dominos as well.  Also i guess depends on the area you are in. 

 

[Ebuwan]

Looks like Dominos are coming back into stock; I feel some of it was taking advantage of the situation and there being a shortage.
I just did a kitchen cabinet build with the Domino method; i used my 700 with the Seneca adaptor. I'm not a small person, but man, after the 3rd cabinet, i was WISHING i had the smaller 500 (which should be here soon, brand new =)

I totally get the point made about needing it now now; If i take a week off of work to do a project, and something dies in the middle of that week, gotta replace it cuz Time you can't get back.

 

[tsmi243]

i was WISHING i had the smaller 500

You can have mine for 2 grand.  Free shipping  [big grin]

 

[ChuckS]

Looks like Dominos are coming back into stock; I feel some of it was taking advantage of the situation and there being a shortage.
I just did a kitchen cabinet build with the Domino method; i used my 700 with the Seneca adaptor. I'm not a small person, but man, after the 3rd cabinet, i was WISHING i had the smaller 500 (which should be here soon, brand new =)

Snip.

Your point about the size of the domino joiner is spot-on.

Here and elsewhere, now and then, some XL owners will tell us how technically possible that with the adapter, they can use their XL domino joiner for all of their floating joinery projects -- small, med, large and extra large. Technically yes, but practically, it's a different consideration for a lot of woodworkers.

It's indeed advisable to get the XL and the adapter instead of the DF500 IF MOST of the projects the owner plans to do fall into the at least large or extra large projects (big doors, big benches and big beds). Otherwise, it's like using a 20 lb sledge hammer to drive nails all day and on a regular basis!

In the past 9 years, I've used the DF500 and DF700 in the ratio of about 15 to 1, if not higher. The DF500 also beats the DF700 when it comes to doing small components that require manual precision-positioning of the machine. The DF500 can in fact handle not only all large builds but also some of the extra large projects if the design allows for the use of double and/or twin tenons.

 

[festal]

I noticed on recon site that once hot items are staying longer.  Kapex and DF500.  They are use to be gone within minutes now not so much

 

[Pixeltim]

With as expensive as Festool is, I'm surprised that anything lasts Lon on recon. I just bought the vac-php on recon and save about $125. It's the 4th item I've picked up. everything else has been like new and perfect. I've save over $400 so far on recon with absolutely zero regrets.