What is the rational to buy an expensive tool (recon) with only 10% off

[fidelfs]

I was looking at the recon tools and something caught my eye.  A XL domino.  I want one, I don't need one, but I want one.

I saw the discount and it is 10% or $127.5 off the retail price.  I give that it is less money, but Is 100 bucks enough so you will buy it and get less warranty?  If I pay 127.50 more I will have 3 years of warranty.

I think is the same like in Ebay, people pay close to full price for a used tool or pay more than full price for a new one.

It doesn't make any sense, Am I am missing something?

???

 

[peter halle]

My guess is that many Festool users have never had to use the warranty on their tools and feel that the discount is adequate.  I've never had to use the warranty services, but piece of mind would be worth the extra coast for me.

To each their own.

Peter

 

[amt]

I just ordered that XL for 10% off.  I am a hobbyist and will put nowhere the wear within the same amount of time that a professional will.  I felt that many years of professional use will likely be

 

[dltflt]

My guess is that many Festool users have never had to use the warranty on their tools and feel that the discount is adequate.  I've never had to use the warranty services, but piece of mind would be worth the extra coast for me.

To each their own.

Peter

+1 here

 

[tvgordon]

As a hobbyist I've haven't had to use the warranty on any of my Festool tools. And they are at the high end of my budget so $100 off helps. Although I do notice every little scuff and scratch on the reconditioned tools that I have bought.

Tom

 

[AlexThePalex]

I never understood these 10% off deals either. The money you save is just too little. Now if I can get a deal 30 or 40% off, than I feel it's worth it, but 10%, no way, I might as well buy a new one then.

 

[upscale]

I never understood these 10% off deals either. The money you save is just too little. Now if I can get a deal 30 or 40% off, than I feel it's worth it, but 10%, no way, I might as well buy a new one then.

I fully agree. Along with the new purchase, comes the 30 day satisfaction guaranteed warranty ~ just in case. That is worth considerably more than the 10% cost to me.

 

[Kev]

I tend to be price critical on things I need, but less so on things I "want".

Looked at another way, I would happily pay 10% more to triple my warranty.

 

[mouppe]

For me it depends on the tool. I wouldn't buy a recon router or saw, but a vac, sander or MFT no problem...indeed I have in the past.

 

[amt]

Keep in mind that at the -10% level, the tool has never been used.  It should be exactly as a new tool, except the packaging might have some blemish.

 

[fdengel]

For me it depends on the tool. I wouldn't buy a recon router or saw, but a vac, sander or MFT no problem...indeed I have in the past.

Interesting, the only Festool I've ever had to send in for service was my CT22 vac when the motor went out.

 

[Kevin D.]

I bought a few of my Festool tools at a discount years ago, but getting 20% off.  The only marks were a corner mashed in on a Systainer and some scratch marks on the base plate of my OF1400 router.  The MFK700 and my TS75 were both in what I would call pristine condition.  I was amazed they were not in fact new.

I did not realize at the time when I bought them, the warranty only being good for one year.  At 10%, I have to agree it is not really worth it.  But at 20%, my opinion is that it is worth the risk.

 

[copcarcollector]

I have purchased at the last 2 recon sales, but at the 20% level I recall. For me 10% is not a great deal, as I get to pay the 7.475% sales tax living in Nevada, love that sales tax "nexus"!!

 

[Kevin D.]

I have purchased at the last 2 recon sales, but at the 20% level I recall. For me 10% is not a great deal, as I get to pay the 7.475% sales tax living in Nevada, love that sales tax "nexus"!!

We pay a 13% sales tax here in the province of Ontario. 

 

[copcarcollector]

I have purchased at the last 2 recon sales, but at the 20% level I recall. For me 10% is not a great deal, as I get to pay the 7.475% sales tax living in Nevada, love that sales tax "nexus"!!

We pay a 13% sales tax here in the province of Ontario. 

So a 10% discount  would not be a great deal for you either then, eh..?!!  [laughing]

 

[greg mann]

I have purchased at the last 2 recon sales, but at the 20% level I recall. For me 10% is not a great deal, as I get to pay the 7.475% sales tax living in Nevada, love that sales tax "nexus"!!

We pay a 13% sales tax here in the province of Ontario. 

Isn't that how you pay for your health care, or am I mixing it up with a different levy?

 

[upscale]

Isn't that how you pay for your health care, or am I mixing it up with a different levy?

No, it's just another method that Ontario uses to contribute it's share in support of Canadian senators pigging out at the trough.

 

[Kevin D.]

I have purchased at the last 2 recon sales, but at the 20% level I recall. For me 10% is not a great deal, as I get to pay the 7.475% sales tax living in Nevada, love that sales tax "nexus"!!

We pay a 13% sales tax here in the province of Ontario. 

So a 10% discount  would not be a great deal for you either then, eh..?!!  [laughing]

You'd be charged on any sale 13%.  So in a sense, a ten percent discount, while still being taxed at 13% on your discouted purchase price, you are also saving 10% on the 13% sales tax, ie: 1.3%, than had you paid full 100% pricing.

Expressed another way.....

100% + 13% = 113%  (normal pricing) or $113 if you buy something that is $100.

90% X 1.13 = $101.7 is what you would pay on something that is normally $100 if you gave a pre-tax 10% discount and then added the 13% sales tax.

What's the real difference, on a 10% pre-tax discounted item, you are actually saving 11.3%  (113-101.7=11.3)

On a 20% discount, you'd be saving 22.6%, and on a 30% discount, you're saving 33.9%.

 

[Kevin D.]

I have purchased at the last 2 recon sales, but at the 20% level I recall. For me 10% is not a great deal, as I get to pay the 7.475% sales tax living in Nevada, love that sales tax "nexus"!!

We pay a 13% sales tax here in the province of Ontario.  

Isn't that how you pay for your health care, or am I mixing it up with a different levy?

It actually comes from all sorts of different revenue streams.  According to WIKI....

While Ontario receives transfer payments from the federal government of Canada to partially fund health care, OHIP is also supported by general provincial tax revenues and premiums (taxes) paid by employers and individuals. Employers are charged a payroll health care tax (with an exemption for small businesses) and residents of the province pay a health premium (introduced in 2004) as part of their income taxes.

The Ontario Health Premium (OHP) is a component of Ontario's Personal Income Tax system. The OHP is based on taxable income for a taxation year. As of May 2010, an Ontario resident with taxable income (i.e. income after subtracting allowable deductions) of $21,000 pays $60 per year. With taxable income of $22,000, the premium doubles to $120; with taxable income of $23,000, the premium is $180; with taxable income of $24,000, the premium is $240. The premium increases at a decreasing rate thereafter for taxable incomes up to $200,600, at which point the maximum premium of $900 is reached.​

What WIKI does not mention though is that part of the taxes on cigs and booze, which are significantly higher than in the US, also goes towards our health care funding.

What was touted during your recent debates/discussion on Obamacare and how awful it is here is a load of bunk.  I get sick, I go to my doctor or straight to the hospital emerg or call an abulance.  There's nobody telling me I need to go down the street to another hospital, or I don't need to fear any bills crippling me financially or my health insurer not stepping up to the plate or screwing me later.  It's a nice system for the most part.  But like everything run by big governent, I'll admit there are some nuances and imperfections.

 

[gkaiseril]

I have purchased at the last 2 recon sales, but at the 20% level I recall. For me 10% is not a great deal, as I get to pay the 7.475% sales tax living in Nevada, love that sales tax "nexus"!!

Well you could move to Chicago Illinois and get to pay 10% sales tax, this down from a high of 10.5%, and 3% state income tax. Also if you buy a car/truck outside of Cook County, you get to pay the county there pound of flesh for not using a Cook County car/truck dealer. And if you lease a vehicle, you get to pay sales tax on the lease.

I have found that most tools will fail quickly or last forever. And if you use a tool it will develop blemishes fast enough so unless you have an issue with having pristine tools it is no big deal since the first use or shortly there after there will be one or more blemishes.