Residual Value

[fredsheldon]

WOW, Really.

That seems awfully low. Would you sell your Mark V 520 for $600.

You orginally asked about the price of a 510, not a 520.

I would ask $800-900 for my 520 without the PowerPro upgrade.

I paid $300 for my 510 without any SPT 2 years ago in Austin. It was in great condition, just no goodies with it.
Fred

[2centsworth]

What I want to sell it for is totally different then what I would buy it for. I paid $500 for a 520 with bandsaw and jointer in very good condition from a guy in San Antonio who was moving and needed it gone that day. I turned around and sold it for $1150 two weeks later (having cleaned it up and added all the accessories that come with a new unit). Get this - to a guy in San Antonio. So your question is not valid for a direct answer. I want to sell it for as much as possible and I want to buy it for as little as possible. Value is what the market is willing to pay at the time and place. I happen to be in the right market both times !

[benush26]

Montana prices "may" be a bit unique. Currently there is a 520 with bandsaw, jointer and DC for $2K in Kalispell. No clue if ti will sell for anything near that. In the past couple years, the Flathead and Bozeman areas seem to have had more of the CL ads. A couple years ago I drove up to Kalispell to get a 510 with bandsaw and DC. Paid $800 plus my expenses. A while before that a 520 with a bandsaw and scroll saw each on separate power stands was advertised in the Stevensville area for "I think?" $2500. The last posting was down to $1500 before the posting was removed. Recently a 510 was advertised for $800 but the seller also had 3 SPTs advertised separately. I checked and now all those listings are gone. Did they sell?? I did email an cheap offer ($100) for the belt sander (he wanted $250).

I'm not certain there is a residual value here but more of a "what the market currently seems acceptable" philosophy. Recently I saw a 500 with 4 SPTs advertised in the Billings area for $400. The seller just wanted to get rid of it, or so they advertised.

I have an ER10 (my Dad's), a 510 and 500 to sell, but have not come up with a price. Do I want to price higher and wait or lower and get them gone??? I haven't figured that out yet. I doubt that I'll sell all three locally. I do presume that two of them will be sold out of the immediate area for no other reason than Montana is a huge place where people travel hundreds of miles to buy and sell. If I had thought I could sell four Shopsmith I would have driven to Billings to pick up the bargain just to get the beltsander.

Personally I figure the cost to drive when looking at tools and such. I add that in to the real cost. That alone might affect the residual value.

I'm not sure that the above should be considered any thing more than just a comment by a Montana boy who measures travel not so much in miles but time and MPG to get there (and back).

Be well,
Ben

["Wild Bad Bob"]

BigSky,

Isn't the residual value always based on the original price - depreciation? What do you consider reasonable depreciation? What would you sell your 510 for?
Based on the logic you are using I should have paid way less for my 64 Corvette that I bought in 1996, instead of 2.5 times what they sold for new in 64. Stupid me.