What is the value of used 1400 EQ router
- Thread starter Jack01
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Without any accessories included (the stuff Festool charges extra $$ for), I'd say it's a little high. But there are people out there that would consider it a deal when compared to the cost of a new one, regardless of the fact that it's used and the seller is asking close to what they paid for it 5 years ago. So, it's worth what you're willing to pay.
This should give you an idea. It probably has the older style Systainer so take off $45 for that.http://www.ebay.com/sch/i.html?_sac...udlo=250&_udhi=490&_nkw=festool of 1400&rt=nc
nickao
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Lets get real people. A 5 year old router for 400 is Insanity. The router is worth no more than 160.00.
People that buy used tools to save a few bucks are crazy enough when the tool is one or two years old, but five?
The router is only 560 brand new! And every couple years there is a refurb or even new sale that is 15 to 20 % off meaning you can get a new one if you wait long enough for near that 400. Ot buy it woth a ddust collector and save 10% that way. That guy is going to turn around, take the 400 and get a brand new OF1400 for 160.00, that's all he cares about.
Let's forget it's a Festool. 560/7=80.00. It's a 5 year old, so 7-5=2 then 80*2=160.00. That's all that router is worth in the real world. That the number a profitable pawn shop would use to make profit if they had to pay for them.
(560.00 is the cost new - 7 is the lifespan of a tool or the time a toolmaker generally makes parts for it. 2 is year of life left)
People sell their Festools becasue of this very calculation. It is the sellers with the power making the money becasue they are making more profit than Festool makes selling them new! This guy will get a brand new OF 1400 for 160.00 and you are paying for it!
I dont care what others have sold their Festools for or what they paid for it used. Crazy eBayer's have driven up the used "perceived value" on these tools. We control the cost on used items by what we pay, dont be the one to drive up the "perceived" used value. Use real numbers for the calculation.
Save up the 160.00 and get a brand new one, If in your mind you are going to spend that 400 on that router no matter what then toss that 400.00 in a drawer. Now in reality that router is only going to cost you 160.00 when you save it up.
People that buy used tools to save a few bucks are crazy enough when the tool is one or two years old, but five?
The router is only 560 brand new! And every couple years there is a refurb or even new sale that is 15 to 20 % off meaning you can get a new one if you wait long enough for near that 400. Ot buy it woth a ddust collector and save 10% that way. That guy is going to turn around, take the 400 and get a brand new OF1400 for 160.00, that's all he cares about.
Let's forget it's a Festool. 560/7=80.00. It's a 5 year old, so 7-5=2 then 80*2=160.00. That's all that router is worth in the real world. That the number a profitable pawn shop would use to make profit if they had to pay for them.
(560.00 is the cost new - 7 is the lifespan of a tool or the time a toolmaker generally makes parts for it. 2 is year of life left)
People sell their Festools becasue of this very calculation. It is the sellers with the power making the money becasue they are making more profit than Festool makes selling them new! This guy will get a brand new OF 1400 for 160.00 and you are paying for it!
I dont care what others have sold their Festools for or what they paid for it used. Crazy eBayer's have driven up the used "perceived value" on these tools. We control the cost on used items by what we pay, dont be the one to drive up the "perceived" used value. Use real numbers for the calculation.
Save up the 160.00 and get a brand new one, If in your mind you are going to spend that 400 on that router no matter what then toss that 400.00 in a drawer. Now in reality that router is only going to cost you 160.00 when you save it up.
If you see a brand new OF1400 for $160 let me know, I'll take two.Dovetail65 said:
"Market value is the price at which an asset would trade in a competitive auction setting" and it's not "560/7=80.00".
That depends on how the tool was used, if at all. I once bought unused old stock (>7 years old) Metabo drill. By your calculations it had negative value.Dovetail65 said:
Festool guaranties parts 10 years after the tool is discontinued. OF1400 has not been discontinued yet.
nickao
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Read my post very carefully.
The seller is selling a 5 year old tool that cost 560 new for 400.00. No one is buying nor selling a new OF 1400 for 160.00!
The guy that makes that sale will take that 400 he just sold the router for and how much does he now need to buy a new tool? 160.00! In that sense that seller is getting a new router for 160.00. The person that paid that over inflated price just gave the seller the ability to buy a new router for 160.00. That's a fact. Tell me again how it's wrong? The seller is getting that new OF for 160.00! FACT FACT FACT. You could say okay he initially paid for the router that he is selling 5 year ago, but he got 5 years use out of it, he used up the value(with possibly 160.00 left). So I will concede he has 160.00 of value left in that 5 year old tool. So in this sense the seller can get a new router for 320.00. To me the 5 years use make that router worth 0 to me though. Any 5 year old router I have mark as no value in my mind.
You are right, items are worth what people will pay and I am saying people are paying too much and dont be fooled.
Anyone buying a 5 year old tool for 80% of its new cost is crazy when the tools go on sale for 15 to 20% off every 2 years in a refurb sale(sold with new warranty)! Or you can get 10% off a new OF 1400 router by adding a second tool any day of the week!
No power tool has a real lifespan more than 7 years. If we get over that it's pure profit. My numbers are valid and the EXACT numbers a profitable pawn shop use to stay in business. Think what you want, find a weak buyer to pay more than the tools are worth.
The day I pay 400.00 for a 5 year old router that cost 560.00 brand new is the day my wife should tell me to get out of business and retire. I am not that senile yet. If that router were two year old, with 1 year warranty left 400 is a nice price, that's as far as I wil go.
If you are telling the OP to go ahead and pay 400.00 for this 5 yer old router I disagree 100%. DO not pay more than 160.00 for that 5 year old router. I think of any advice I give to anyone like they are my brother. I would steal that 400 bucks from my brother or hide it before I let him pay 400 for a 5 year old router that cost 560 new. Actually, I would just give him the 160.00 to add to the 400.00 for a new one. No to the OP, I am not giving you 160.00.
The seller is selling a 5 year old tool that cost 560 new for 400.00. No one is buying nor selling a new OF 1400 for 160.00!
The guy that makes that sale will take that 400 he just sold the router for and how much does he now need to buy a new tool? 160.00! In that sense that seller is getting a new router for 160.00. The person that paid that over inflated price just gave the seller the ability to buy a new router for 160.00. That's a fact. Tell me again how it's wrong? The seller is getting that new OF for 160.00! FACT FACT FACT. You could say okay he initially paid for the router that he is selling 5 year ago, but he got 5 years use out of it, he used up the value(with possibly 160.00 left). So I will concede he has 160.00 of value left in that 5 year old tool. So in this sense the seller can get a new router for 320.00. To me the 5 years use make that router worth 0 to me though. Any 5 year old router I have mark as no value in my mind.
You are right, items are worth what people will pay and I am saying people are paying too much and dont be fooled.
Anyone buying a 5 year old tool for 80% of its new cost is crazy when the tools go on sale for 15 to 20% off every 2 years in a refurb sale(sold with new warranty)! Or you can get 10% off a new OF 1400 router by adding a second tool any day of the week!
No power tool has a real lifespan more than 7 years. If we get over that it's pure profit. My numbers are valid and the EXACT numbers a profitable pawn shop use to stay in business. Think what you want, find a weak buyer to pay more than the tools are worth.
The day I pay 400.00 for a 5 year old router that cost 560.00 brand new is the day my wife should tell me to get out of business and retire. I am not that senile yet. If that router were two year old, with 1 year warranty left 400 is a nice price, that's as far as I wil go.
If you are telling the OP to go ahead and pay 400.00 for this 5 yer old router I disagree 100%. DO not pay more than 160.00 for that 5 year old router. I think of any advice I give to anyone like they are my brother. I would steal that 400 bucks from my brother or hide it before I let him pay 400 for a 5 year old router that cost 560 new. Actually, I would just give him the 160.00 to add to the 400.00 for a new one. No to the OP, I am not giving you 160.00.
insurroundsound
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Dovetail65 has a valid point, but I also agree the other posts add weight as well...I agree there's no sentimental value with a pawn shop...just straight numbers...but that changes with peer to peer sales...all's fair at that point. I myself, am a light user of my Festool items (I'm not a woodworker). My OF1400 is about 8 years old, but I also know it only has 8-10 days of use on it. It's in excellent shape! No way I would part with that for $160 because I know I got less than a month's worth of work on it, not 8 years. Perhaps this seller is just as light of a user.
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Sent from my SM-G935V using Tapatalk
I have watched what used Festool stuff sells for years. Other than a few choice deals here or there they hold their value beyond what they should realistically.
Makes buying new often the more reasonable prospect, considering the warranty.
Why someone would sell their Festool stuff is beyond me? Unless to upgrade of course.
Some of my Festool stuff was used but it took a long time to find good deals. On Ebay I probably have lost 100 auctions and won 3. I set my price and am shocked if I actually win. All good by me.
Gave up trying to find a used OF 1010 for a reasonable price and bought a new one for which the $50 voucher will get used.
Makes buying new often the more reasonable prospect, considering the warranty.
Why someone would sell their Festool stuff is beyond me? Unless to upgrade of course.
Some of my Festool stuff was used but it took a long time to find good deals. On Ebay I probably have lost 100 auctions and won 3. I set my price and am shocked if I actually win. All good by me.
Gave up trying to find a used OF 1010 for a reasonable price and bought a new one for which the $50 voucher will get used.
AlexThePalex
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Dovetal does not have a valid point. He seems to have little understanding of how the used Festool market works.
I agree with him you have to be somewhat nuts to buy a used OF1400 for 400, and I wouldn't do that either. But the reality is that lots of people do pay this kind of money for a used OF1400, and that's what determines its worth.
There are some Festools that loose value pretty quickly once they're used, and then there are some Festools that keep their value VERY well. And as it is, the OF1400 is one of those Festools that keep their value very well. It is a pretty rare tool which isn't owned a lot, and it is offered even less on the used market. Yet many people would like to have one, so when one does pop up, lots of people jump on it, and the bids can run high.
Furthermore, an OF1400 router isn't written off after 5 or 7 years, but will last a lot longer. People who bid on these tools know that and that's why they're willing to pay a high price.
I wouldn't pay 400 for the OF1400, and that's the reason I don't have one. I might pay 300, but it is impossible to get one for 300, a simple matter of supply and demand.
I agree with him you have to be somewhat nuts to buy a used OF1400 for 400, and I wouldn't do that either. But the reality is that lots of people do pay this kind of money for a used OF1400, and that's what determines its worth.
There are some Festools that loose value pretty quickly once they're used, and then there are some Festools that keep their value VERY well. And as it is, the OF1400 is one of those Festools that keep their value very well. It is a pretty rare tool which isn't owned a lot, and it is offered even less on the used market. Yet many people would like to have one, so when one does pop up, lots of people jump on it, and the bids can run high.
Furthermore, an OF1400 router isn't written off after 5 or 7 years, but will last a lot longer. People who bid on these tools know that and that's why they're willing to pay a high price.
I wouldn't pay 400 for the OF1400, and that's the reason I don't have one. I might pay 300, but it is impossible to get one for 300, a simple matter of supply and demand.
- we've had this discussion before.
Your "facts" are not entirely correct. Your 160 scenario doesn't account for the TVM associated with the initial capital outlay. And while it may be quite small given interest rates it still adds to your new acquisition cost scenario. Making it more than $160 - and in error. You don't know that the guy selling is even looking for a new router , let alone a new of1400. Maybe he's after a Mafell. Your facts probably aren't factual and they certainly can't be verified - making them YOUR OPINIONS.
2nd, while I know you're just trolling - many here do not. Alex for instance. I'm guessing when you sell your home , you'll want more than you paid for it , yes ? Why ? It's certainly not worth what you're asking because it's 5,10, 20, 40, 100 years old and its mechanical systems , appliances, and fixtures are used up just like that OF 1400. Are you pricing it at 50 cents on the dollar of what you paid ???
Same thing here. And , applying your rational , someone would be crazy to pay you more than 50% of your purchase price. And don't tell us about improvements either. You don't know that the OF owner didn't have the post diamond polished, or a Teflon base made, or the armature re balanced to a higher tolerance to go with the xtreme duty bearings he installed.
And we're not talking business models of PAWN shops here, who don't make most of their $$$ pedaling used items anyway . They make it via LOANS. And while they may pay YOU 1/2 price for used thingamajig - THEY list it for darn near close to retail hoping to catch an ignorant buyer, and very rarely do they sell for what they have in it.
NEWS FLASH - ebayers aren't driving up the price of Festool. Festool is ! They have successfully created a marketplace for their tools that has minimized depreciation or even eliminated depreciation. Agree with , or like it or not, that's the reality. Starrett tooling is much the same, I see old rulers, squares, mics, and setup blocks selling for a lot more than their owners paid for them , yet still cheaper than a new one.
If you want to break the chain you'll have to convince folks to stop buying FT, not used festools.
Good luck with that. [big grin] [big grin] [big grin] [big grin]
And you shouldn't have ordered that Pro5 as a start.
And I know someone is gong to be happy that you're going to sell it for $50 because you're on record saying there are better sanders out there and that you own them.
Your "facts" are not entirely correct. Your 160 scenario doesn't account for the TVM associated with the initial capital outlay. And while it may be quite small given interest rates it still adds to your new acquisition cost scenario. Making it more than $160 - and in error. You don't know that the guy selling is even looking for a new router , let alone a new of1400. Maybe he's after a Mafell. Your facts probably aren't factual and they certainly can't be verified - making them YOUR OPINIONS.
2nd, while I know you're just trolling - many here do not. Alex for instance. I'm guessing when you sell your home , you'll want more than you paid for it , yes ? Why ? It's certainly not worth what you're asking because it's 5,10, 20, 40, 100 years old and its mechanical systems , appliances, and fixtures are used up just like that OF 1400. Are you pricing it at 50 cents on the dollar of what you paid ???
Same thing here. And , applying your rational , someone would be crazy to pay you more than 50% of your purchase price. And don't tell us about improvements either. You don't know that the OF owner didn't have the post diamond polished, or a Teflon base made, or the armature re balanced to a higher tolerance to go with the xtreme duty bearings he installed.
And we're not talking business models of PAWN shops here, who don't make most of their $$$ pedaling used items anyway . They make it via LOANS. And while they may pay YOU 1/2 price for used thingamajig - THEY list it for darn near close to retail hoping to catch an ignorant buyer, and very rarely do they sell for what they have in it.
NEWS FLASH - ebayers aren't driving up the price of Festool. Festool is ! They have successfully created a marketplace for their tools that has minimized depreciation or even eliminated depreciation. Agree with , or like it or not, that's the reality. Starrett tooling is much the same, I see old rulers, squares, mics, and setup blocks selling for a lot more than their owners paid for them , yet still cheaper than a new one.
If you want to break the chain you'll have to convince folks to stop buying FT, not used festools.
Good luck with that. [big grin] [big grin] [big grin] [big grin]
And you shouldn't have ordered that Pro5 as a start.
And I know someone is gong to be happy that you're going to sell it for $50 because you're on record saying there are better sanders out there and that you own them.
Hey Guys,
Let's not let this simple question "is a 5 year old 1400 worth $400?" blow into anything more than answers - which are opinions - and start going each other. That is not worth it here.
Be civil please in all respects.
Peter Halle - Moderator
Let's not let this simple question "is a 5 year old 1400 worth $400?" blow into anything more than answers - which are opinions - and start going each other. That is not worth it here.
Be civil please in all respects.
Peter Halle - Moderator
Rip Van Winkle
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Whrn I first started buying tools, I always older model equalled worse, newer model equalled better, and used older model equslled worse worse, and newer unused model equals better better.
Since then, I ve come to the conclusion that newer models aren't always designed or built better, or even as well, as models that preceded them, and older models aren't always older, worse, engineered and manufactured tools.
Since Festool still manufactures the OF1400, without any changes, except maybe the T-Lok systainers, and possibly the accessories included with the tool, there should be no difference between an older and newer tool, except wear and tear, and storage conditions.
Routers don't have gear cases, and the only lubrication is going to be the bearings. I'm not sure whether these are the permanently sealed, lubricated type, but my experience is most bearings last well over time if unused, so I'm not sure whether this would be an issue.
Similar routers from other manufacturers seem to cost between $220 for a Hitachi, to $370 for a Porter Cable. I'm guessing for the money, many woodworkers would probably prefer to own and use a Festool router than one of the other "professional brands, but the starting cost is about twice the other routers, not including the cost if accessories. Accessories can also be very expensive, and possibly cost as much as a router has cost. Since those accessories may only be useable with the router for which they were designed, you can't always just buy one brand of router, and then cheaply switch to a different brand without excessive extra cost. If your preference is to own a Festool router, or other tool, purchasing a used but functioning tool for what seems like a high price, and then purchasing the accessories for it would give you your prefered brand at a lower cost. If you hate the tool you can always sell it later for not too much of a loss in value, except maybe Ebay fees. The accessories will probably also hold a decent amount of their value for resale. And if you do like the router, you can always save up, and purchase a new one later and you already have the accessories.
Since then, I ve come to the conclusion that newer models aren't always designed or built better, or even as well, as models that preceded them, and older models aren't always older, worse, engineered and manufactured tools.
Since Festool still manufactures the OF1400, without any changes, except maybe the T-Lok systainers, and possibly the accessories included with the tool, there should be no difference between an older and newer tool, except wear and tear, and storage conditions.
Routers don't have gear cases, and the only lubrication is going to be the bearings. I'm not sure whether these are the permanently sealed, lubricated type, but my experience is most bearings last well over time if unused, so I'm not sure whether this would be an issue.
Similar routers from other manufacturers seem to cost between $220 for a Hitachi, to $370 for a Porter Cable. I'm guessing for the money, many woodworkers would probably prefer to own and use a Festool router than one of the other "professional brands, but the starting cost is about twice the other routers, not including the cost if accessories. Accessories can also be very expensive, and possibly cost as much as a router has cost. Since those accessories may only be useable with the router for which they were designed, you can't always just buy one brand of router, and then cheaply switch to a different brand without excessive extra cost. If your preference is to own a Festool router, or other tool, purchasing a used but functioning tool for what seems like a high price, and then purchasing the accessories for it would give you your prefered brand at a lower cost. If you hate the tool you can always sell it later for not too much of a loss in value, except maybe Ebay fees. The accessories will probably also hold a decent amount of their value for resale. And if you do like the router, you can always save up, and purchase a new one later and you already have the accessories.
To some people, used product at a discount is better than a new product at full price regardless of what the product is.
If someone was selling an 5+ year old OF1400 router that they said has been "lightly used" and it's in perfect condition, I'd consider it for $300. It better be PERFECT. My reasoning behind this is similar to Dovetail65.
If they're asking $400, no way. You can spend $160 more, get a brand new router, and 3 years of "peace of mind". $160 / 3 years of peace of mind is $53.33 a year, $4.44 a month.
If someone was selling an 5+ year old OF1400 router that they said has been "lightly used" and it's in perfect condition, I'd consider it for $300. It better be PERFECT. My reasoning behind this is similar to Dovetail65.
If they're asking $400, no way. You can spend $160 more, get a brand new router, and 3 years of "peace of mind". $160 / 3 years of peace of mind is $53.33 a year, $4.44 a month.
Holmz
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- Oct 11, 2014
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- 4,001
Jack01 said:
Do you have a router now?
What are you intending on routing?
The Systainer only does you any good when you are NOT using the router.
A used 1/4" and a used 1/2 PorterCable may be better/cheaper if you needed 2 routers.
And Elu/DeWalt is to routers what Bosch is to jig saws.
waho6o9
Member
"The owner want to sale for $ 400 is it a reasonable price"
No
Good luck now.
http://www.bobmarinosbesttools.com/router-of-1400-eq-t-loc-/p/574342/
Get a new one from Uncle Bob. If you can afford 400.00 .............
No
Good luck now.
http://www.bobmarinosbesttools.com/router-of-1400-eq-t-loc-/p/574342/
Get a new one from Uncle Bob. If you can afford 400.00 .............
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