Bruce57
Well-known member
A true friendship is worth more than what money can buy. Why not consider giving it to him?
am I asking a fair price
- Thread starter bobcatdan
- Start date
Bigblue&Goldie
Well-known member
I agree with the majority; leave the compressor and move on if you guys are good friends. Like others have said, next time you need a favor your friend will hopefully be there for you. To me, a friendship isn't worth fighting over something that realistically is only worth $300-$400.
nomonkeybus
Well-known member
Give it to him, and get him to help you unload and set up your new one.
Mohawk Dave
Well-known member
Which branch of government do you work for?
Hahahha
When I read that I was thinking of some of the companies I do independent work for....and that's the way they handle things. What the hell is common sense? lol
Jweebothee
Well-known member
This was not mentioned until way after the op asked the original question
ambenz
Well-known member
Well Bobcatdan, seems like there are a lot of forum members in favor of letting your friend have the compressor.
I would be nice to get some cash to offset the cost of a new one for your new digs, wouldn't it?
It's easy for us to spend your money!
So, may I suggest to talk with your friend if you really need to sell the compressor.
Lay down the whole dilemma you currently are facing with your friend!
Let him give his opinion on all the things you want to do.
He may not value the compressor either and you will have to move it and try to sell it on craigs list or e-bay.
So, I guess what I am trying to say is consider the time and energy to move it and sell it to someone else.
Things you value may not be of much value to the next guy, that's all.
I think other bring up a good point too about storage fees and garage access he has allowed you, when using his space.
Please think about all this from both perspectives...put yourself in his shoes and think if he would do the same considering your views.
Good luck in your tough situation!
I would be nice to get some cash to offset the cost of a new one for your new digs, wouldn't it?
It's easy for us to spend your money!
So, may I suggest to talk with your friend if you really need to sell the compressor.
Lay down the whole dilemma you currently are facing with your friend!
Let him give his opinion on all the things you want to do.
He may not value the compressor either and you will have to move it and try to sell it on craigs list or e-bay.
So, I guess what I am trying to say is consider the time and energy to move it and sell it to someone else.
Things you value may not be of much value to the next guy, that's all.
I think other bring up a good point too about storage fees and garage access he has allowed you, when using his space.
Please think about all this from both perspectives...put yourself in his shoes and think if he would do the same considering your views.
Good luck in your tough situation!
BDT/NWMN
Well-known member
bobcatdan you still around???
BDT/NWMN
Well-known member
$200 a month reasonable enough shop rent for a single stall??? Electric and heat included... 120 months x $200..............??
?? and more ???????? no answers???? there are times that the lack of an answer is the only answer you will receive.... sure glad I'm not on here on a commission basis
opps,,, the question was about the value of a 10 year old IR compressor that has a costly maintenance record.. sorry
?? and more ???????? no answers???? there are times that the lack of an answer is the only answer you will receive.... sure glad I'm not on here on a commission basis
opps,,, the question was about the value of a 10 year old IR compressor that has a costly maintenance record.. sorry
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greran
Member
This is a perfect example of why it's so hard to get a realistic price on used items - everybody thinks "their" stuff is worth 100% of brand new..
10 years old? Heavily used to the point where it needed many belts and TWO motor re-builds? That's not even a 50% piece of equipment...that's like a 25%'er so roughly $425 is what you're really talking about.
I understand not wanting to 'give' it away, but either take it out of the shop and let him replace it with his own choosing, or let it stay there and either call it good, or as others have suggested, a case or flat of beer, or maybe $100 to take the wife out for a supper.
10 years old? Heavily used to the point where it needed many belts and TWO motor re-builds? That's not even a 50% piece of equipment...that's like a 25%'er so roughly $425 is what you're really talking about.
I understand not wanting to 'give' it away, but either take it out of the shop and let him replace it with his own choosing, or let it stay there and either call it good, or as others have suggested, a case or flat of beer, or maybe $100 to take the wife out for a supper.
whitedogone
Well-known member
- Joined
- Jan 20, 2014
- Messages
- 230
Zeke
Well-known member
I think he shriveled away in embarrassment. I can't believe this thread. No wonder I don't like people much and would NEVER have a partner.
Fretters
Well-known member
Yet another misanthrope. Seems there are more of us than one would at first believe.
A link to save the inevitable search:http://www.collinsdictionary.com/dictionary/english/misanthrope
Zrexxer
Well-known member
Ooh, ooh, ooh, that's me!
Hephaestus29
Well-known member
Well i read parts of the thread.
If you're reasonable You have to figure
There is going to be some wear on the
Compressor. Also if he rebuilt it there's
Some money gone. I would think since
He did the general maintenance and rebuilt
It and replaced belts i would settle fir something
small like what the tank is worth , maybe
A hundred or so.
It 's for sure not worth screwing up a
Friendship.
If you're reasonable You have to figure
There is going to be some wear on the
Compressor. Also if he rebuilt it there's
Some money gone. I would think since
He did the general maintenance and rebuilt
It and replaced belts i would settle fir something
small like what the tank is worth , maybe
A hundred or so.
It 's for sure not worth screwing up a
Friendship.
XxToolAholicxX
Well-known member
Wanting $1700 for a ten years old compressor and he rebuild it twice? He was man enough to not ask you for rebuilding it. Now you be the man not ask anything for it. You used his garage for ten years. Keep your friend and let him have it. Couple hundred bucks come and go in life but not good and life long Friends.
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I am a Toolaholic,Sometimes I regret it,Especially when the Toolman wont give me no credit
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I am a Toolaholic,Sometimes I regret it,Especially when the Toolman wont give me no credit
Lookin4'67Galaxieconv
Well-known member
This was post #19 in the thread...
Posted after he was called a ****, before he was called a douche. No one seems to have paid this post any attention, as they're too busy piling on. He was asking a question, not asking to be called names.
I don't agree at all with the idea of him asking full price for the compressor, but that's completely beside the point. The point is there's a lot of asses on here that have to post the type of responses in this thread to make them feel better about themselves.
Sharpen the pencils and put on the green eyeshade, you've got some numbers to run.
You've got to account for the present value of the compressor based on local market conditions for a comparable compressor. Rental of the shop space. Present value of the tools you'll be leaving.
Total all of that up, assigning the values to the appropriate columns.
Then decide if your friendship is worth whatever the resulting number is, because that's the value you're risking it for. Perhaps your friend is a hardnosed pennypinching accountant type who will think nothing at all of reducing this to a monetary transaction. Or he may have a reaction similar to what many here have had. Hopefully, you'll have a sense of which.
It's a 10 year old, well used compressor. NO compressor, not even a NOS one that's been sitting in a hermetically sealed warehouse, is worth it's "new" price after 10 years. You may want to reassess your valuation. Otherwise, you may find yourself swinging by Home Depot to get a few day laborers to move it out of your former friend's shop before you sell it on Craigslist for less than a 1/4 of the original price.
Good luck.
You've got to account for the present value of the compressor based on local market conditions for a comparable compressor. Rental of the shop space. Present value of the tools you'll be leaving.
Total all of that up, assigning the values to the appropriate columns.
Then decide if your friendship is worth whatever the resulting number is, because that's the value you're risking it for. Perhaps your friend is a hardnosed pennypinching accountant type who will think nothing at all of reducing this to a monetary transaction. Or he may have a reaction similar to what many here have had. Hopefully, you'll have a sense of which.
It's a 10 year old, well used compressor. NO compressor, not even a NOS one that's been sitting in a hermetically sealed warehouse, is worth it's "new" price after 10 years. You may want to reassess your valuation. Otherwise, you may find yourself swinging by Home Depot to get a few day laborers to move it out of your former friend's shop before you sell it on Craigslist for less than a 1/4 of the original price.
Good luck.
gtrotter
Well-known member
Just remember this... When you start counting dollars and cents, it's not a real friendship anymore.
PugetDude
ALLIANCE MEMBER
Best response yet.
kctyphoon
Banned
I'm waiting to see the OP's response.. Honestly don't know how I'd ask full price for a 10 year old anything with a straight face.. I think the guy pretty much earned the thing, unless you've been paying rent, property taxes, and maintaining his building for free.. Question - while you were working out of there, if the place needed a new roof, would you be paying half of that bill?
If you feel so strongly about it, why not just pack it up, and avoid this whole uncomfortable situation. if you MUST have money for it, I would say $400 - $500 is a good starting point (dependent on condition) - and then deduct any money he would have invested into fixing The compressor you own.. Once you start doing that, doesn't seem worth it anymore.. I think your better off leaving with a "you'll owe me" with a smile and a handshake.
If you feel so strongly about it, why not just pack it up, and avoid this whole uncomfortable situation. if you MUST have money for it, I would say $400 - $500 is a good starting point (dependent on condition) - and then deduct any money he would have invested into fixing The compressor you own.. Once you start doing that, doesn't seem worth it anymore.. I think your better off leaving with a "you'll owe me" with a smile and a handshake.
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Mr.Nutcase
Well-known member
tell him to treat you a expensive lunch and tell your friend compressor is yours.
NitroSun
Well-known member
I've found that very few people who ask for advice actually want it. They just want justification for a decision they've already made. Probably why OP has disappeared.
espyking83
Well-known member
Completely agree.
Moose364
Well-known member
I agree with this 100%
There is no way in Hell I would ask him for money, I would do just like what John said above maybe have a few beer's the seal the deal
Notgrownup
Well-known member
Have both of you seriously sat down and talked about this? Ask him what he feels about it and ask him to be honest about it....Don't Don't let it ruin your friendship over it....the compressor is old, still usable but old....Good luck. Merry Christmas.
Without a full accounting of all the +'s and -'s it will impossible for GJ to really have a true picture.
Best overall decision is LOOKBACK over the cumulative time that everything has gone on and put a value to it (ie freebies given, and freebies received). Use of compressor sounds to me like friend paid all maintenance on it, and maybe OP impute some "rental" value over those years. Of course offsetting charge to OP would be imputed rent of what OP would have paid at market price at some other garage.
Compressor is only worth it's street price today. Like others have said likely $400 or $500 or so.
OP good luck at creating the lookback ledger book. However, since both parties never had any INITIAL AGREEMENT, all this is just supposition. There is nothing binding on either party. Both parties sound like they can walk away, and OP would either bring his compressor with him, or sell/give to the friend.
If the net result of +'s and -'s is just $500 compressor . . . . then I'd just ask friend for future favors if OP agrees to give him compressor . . ie maintain the friendship. That would be a Win/Win as the IOU from friend would likely be paid back with more than $500 compressor . . .PLUS . . keep a friend.
Best overall decision is LOOKBACK over the cumulative time that everything has gone on and put a value to it (ie freebies given, and freebies received). Use of compressor sounds to me like friend paid all maintenance on it, and maybe OP impute some "rental" value over those years. Of course offsetting charge to OP would be imputed rent of what OP would have paid at market price at some other garage.
Compressor is only worth it's street price today. Like others have said likely $400 or $500 or so.
OP good luck at creating the lookback ledger book. However, since both parties never had any INITIAL AGREEMENT, all this is just supposition. There is nothing binding on either party. Both parties sound like they can walk away, and OP would either bring his compressor with him, or sell/give to the friend.
If the net result of +'s and -'s is just $500 compressor . . . . then I'd just ask friend for future favors if OP agrees to give him compressor . . ie maintain the friendship. That would be a Win/Win as the IOU from friend would likely be paid back with more than $500 compressor . . .PLUS . . keep a friend.
Zeke
Well-known member
That really isn't the play here. It doesn't matter if the OP thinks he's equalizing the deal with other items. He brought the "question" up and he got his answers.
I agree that no one deserves to be called names. WE have rules about that. But we can call deeds any name that comes to mind.
JonDick13926
Well-known member
I'd give it to him for nothing. Just for the sake of being a good friend, and I'd feel good about it, not bad. Had I bought it 2 years ago, no. I'd probably charge something. But after 10 years, any emotional ties I had to that original $1700 would have faded long ago.
Besides, it sounds to me like he was more appreciative of that air compressor being there than you. He used it all the time and repaired it without asking you to pay for the repairs, because he was nice enough to realize that most of the wear was from his use. That's doesn't mean you HAVE to give it to him, but I would think that a good friend would WANT to give it to him because of that.
Besides, it sounds to me like he was more appreciative of that air compressor being there than you. He used it all the time and repaired it without asking you to pay for the repairs, because he was nice enough to realize that most of the wear was from his use. That's doesn't mean you HAVE to give it to him, but I would think that a good friend would WANT to give it to him because of that.
sgs236
Well-known member
kelpaso1
MEMBER EMERITUS
Troll post. Only 1 reply back
Hornman
Well-known member
Let's look at this from the "buddy"'s viewpoint. Assume the OP asks him for the full retail price paid ten years ago. Does anyone doubt that the buddy's immediate response would be "come with me, I will help you disconnect your compressor and help you load it in your truck"?
rslaback
Well-known member
Maybe I missed it but do you even know he wants it? If he is getting more into side work, I'd guess there is a chance he may be hoping to upgrade to a different compressor as well. He may have continued to use yours just because he didn't want to offend you by buying a better machine.
FMC1959
Well-known member
I think if your "friend" is a member of GJ and saw this thread, the "friend" part of your thought process may be a moot point.
This.
logical
Well-known member
This really isn't about the air compressor. The OP and anyone else with even a peripheral awareness of the used equipment market knows it is worth somewhere between maybe $250 and $600 depending on it's current condition and appearance.
The rest of the $1700 is some gut feel the OP has that he somehow came out with the short end of the stick in this relationship. We really can't help him with that question. He either needs a relationship counselor or a divorce attorney to crack that nut.
Even if he came back and gave us 100% of what he knows about the 10 year arrangement, we would still only have one half of the story.
The rest of the $1700 is some gut feel the OP has that he somehow came out with the short end of the stick in this relationship. We really can't help him with that question. He either needs a relationship counselor or a divorce attorney to crack that nut.
Even if he came back and gave us 100% of what he knows about the 10 year arrangement, we would still only have one half of the story.
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If it was me, I'd let him have it for free. No questions asked. He's a friend after all. I cannot imagine charging a friend anything under these circumstances.
Quote
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Seriously, Bobcat, read what you're writing... like out loud. "
End Quote:
^ This.
Quote
"
Seriously, Bobcat, read what you're writing... like out loud. "
End Quote:
^ This.
t4runner
Well-known member
I once rebuilt my friends engine for his truck. I told him we could work out something later. He paid for all the parts and I did the work to make a long story short it ended up needing a new block so the job took more time than I thought. In the end he thought I meant I would do it for free, so thats how I left it after all we were friends we grew up together and are still friends. That was some 40 years ago. Of course friend means different things to different people.