Kevin54
MEMBER EMERITUS
But he is now splitting things up to sell them. IIRC, he started out at $50,000, or it may have been $60,000. He's got just the box down to $16,000 http://dayton.craigslist.org/tls/4666619851.html
And the price keeps dropping. Well maybe not dropping
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skyking
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Lookin4'67Galaxieconv
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Whatever you do, don't LOWBALL him!!! 
just a noob
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Probably not a bad price, but who's going to come up with 30k all at once?
firebox40dash5
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Plenty of people, almost none of whom would have a need or desire for a huge toolbox and a complete set of expensive tools.
I don't get it. You pretty much limit your market to a probably middle aged guy with money to burn, who has decided that either he wants to take up cars as a hobby, or that whatever tools he has are so scarce or shabby he might as well start over... or a tool truck guy who'll loball it and then break it up for profit.
Plenty of people, almost none of whom would have a need or desire for a huge toolbox and a complete set of expensive tools.
I don't get it. You pretty much limit your market to a probably middle aged guy with money to burn, who has decided that either he wants to take up cars as a hobby, or that whatever tools he has are so scarce or shabby he might as well start over... or a tool truck guy who'll loball it and then break it up for profit.
Actually most middle aged guys with money to burn got that way by not blowing $30K on used tools.
OutsideMachinist
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No one is gonna buy that. People with that kind of money would just buy new tools.
just a noob
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probably closer to 15k if you wanted to sell it all at once
purplezr2
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8k for the box, maybe 6-7K for the tools, I see a bunch of CM wrenches, raised panel no less.
That is pretty darn rare. Even if it happens, you have to connect supply, demand, correct set of tools, and timing. Might as well start playing powerball.
Eventually it will either go to auction, or get to a price were someone like me will buy it and part it out. A set that big is a huge amount of work, it takes a ton of time, and you have to accept a lot of risk to do it.
firebox40dash5
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That's why I said a guy with money to burn, and not a guy trying to save to have money to burn.
Point is, you took a bunch of stuff with a decent market, and grouped it all together until 99% of the market wasn't interested. It's like trying to sell your collection of 25 cars as one... 25 people would have bought 'em, but if you want to sell the whole lot, you might as well just see if Jay Leno is interested.
And of course, as always, no real list of the contents. It's an assload of work, and if you want to have any chance of attracting that one guy out there who might be interested in buying it, he doesn't want to waste hours coming to your garage and inventorying everything, then researching what it's worth.
One of life's mysteries that you must accept that you pay an arm and a leg for tools and you get pennies on the dollar in resale.
Made me crazy years ago, but I have come to accept it, much like buying a new car the moment it goes off the lot the price drops like a stone. Putting tools in storage the cost of rental space makes retaining the tools more costly that selling them cheap. Then some tools become obsolete, who uses a dwell meter any more or a $12k scope. The power of my hand held scope under $750 will out do any 5 year old bench model.
The other side of buying new tools as a company you can do it as a business expense, quite a bit harder to do it with a used set of tools not specific to the job.
My tool budget is high, but the time saved with good functioning tools makes the difference. My plan is not getting the return when I sell them, it is the return I get when I use them or rent some of them. Have had the same toaster type battery load tester for 30 plus years has saved me time and made me money to offset some tools that have not pulled there financial weight.
Made me crazy years ago, but I have come to accept it, much like buying a new car the moment it goes off the lot the price drops like a stone. Putting tools in storage the cost of rental space makes retaining the tools more costly that selling them cheap. Then some tools become obsolete, who uses a dwell meter any more or a $12k scope. The power of my hand held scope under $750 will out do any 5 year old bench model.
The other side of buying new tools as a company you can do it as a business expense, quite a bit harder to do it with a used set of tools not specific to the job.
My tool budget is high, but the time saved with good functioning tools makes the difference. My plan is not getting the return when I sell them, it is the return I get when I use them or rent some of them. Have had the same toaster type battery load tester for 30 plus years has saved me time and made me money to offset some tools that have not pulled there financial weight.
PugetDude
ALLIANCE MEMBER
Wonder if the little yellow sippy cup in the last picture is included?
Gotta give him credit, there are a few things in that set I'm envious of. But only a few. And, I am pretty sure I have more than what he has listed and I paid less than his asking price by about 1/3 or more. I'm actually about positive I have a lot more than shown. For instance, no 3/4dr tq wrench or 1" impact/impact sockets, only 2 sets of ratcheting wrenches, etc. I can't imagine what one would actually pay for the tools, but I think $6k is more than fair, I'd guess. Buying good used tools really is the way to go if you have the time.
I would feel the same in his shoes, on the one hand. It ***** to have that much stuff, know what its worth, and have to eat the bill in your head. When I started out at a new job, I looked at a dozen or so sets in the $5-15k range like this in my area, eventually buying a box and a guys tools for 4k. Around here, it is viable for people who move up for work and don't want to ship tools over 1000 miles or strip their box away from home. But, I don't think even in North Dakota a $30k set would ever sell.
I would feel the same in his shoes, on the one hand. It ***** to have that much stuff, know what its worth, and have to eat the bill in your head. When I started out at a new job, I looked at a dozen or so sets in the $5-15k range like this in my area, eventually buying a box and a guys tools for 4k. Around here, it is viable for people who move up for work and don't want to ship tools over 1000 miles or strip their box away from home. But, I don't think even in North Dakota a $30k set would ever sell.
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Marc Benjamin
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1. Typically, a true insurance payout for the full replacement value is only really realized if the insured party actually buys a new replacement and sends in the receipt.
So say, you lost a KRL whatever in a fire, they'll cut you a check for the item less depreciation (something like replacement value cost / 20 years for tools depreciation x tools age = tools current value) at first. Now if your policy calls for replacement then they'll only give you the difference after you send in the receipt from the purchase of a new replacement.
With that type of policy, most everyone opts to buy a replacement new. So that even lessens your potential customers.
2. It's hard to imagine anyone who would even have 10k liquid let alone 30k for tools. Most everyone in tech school does not have that or if they did, the Student discount programs the way to go.
Though they'd really be stupid to dump that much that quick (if on credit aka mom's funds, etc.) especially since they'll most like work on the lube line anyways for the first few years.
3. Do apprentices actually have 10k lying around? Last I checked, everyone is complaining about the damn flat rate system so newer techs don't really have that much money anyway.
4. It's the same thing here in the San Francisco bay area with these mega tool sets for sale on Craigslist. I've been seeing quite a number of them over the last year and boy even the ones listed for around 5k just keeps getting relisted. I'm thinking financing would be the only real option in order to dump that collection for what they want.
So say, you lost a KRL whatever in a fire, they'll cut you a check for the item less depreciation (something like replacement value cost / 20 years for tools depreciation x tools age = tools current value) at first. Now if your policy calls for replacement then they'll only give you the difference after you send in the receipt from the purchase of a new replacement.
With that type of policy, most everyone opts to buy a replacement new. So that even lessens your potential customers.
2. It's hard to imagine anyone who would even have 10k liquid let alone 30k for tools. Most everyone in tech school does not have that or if they did, the Student discount programs the way to go.
Though they'd really be stupid to dump that much that quick (if on credit aka mom's funds, etc.) especially since they'll most like work on the lube line anyways for the first few years.
3. Do apprentices actually have 10k lying around? Last I checked, everyone is complaining about the damn flat rate system so newer techs don't really have that much money anyway.
4. It's the same thing here in the San Francisco bay area with these mega tool sets for sale on Craigslist. I've been seeing quite a number of them over the last year and boy even the ones listed for around 5k just keeps getting relisted. I'm thinking financing would be the only real option in order to dump that collection for what they want.
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firebox40dash5
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Depends all on your policy.
The boss carries a full replacement policy for all our plow equipment, so that if anything happens to it, we can get paid to go buy a new one, regardless if it's the middle of a damn snowstorm. We don't have to go trying to find what we need on CL and miss a storm, or eat the price difference. We had a couple old Meyer E-60 pumps stolen a couple winters ago. Insurance had me call around and get them an estimate (not an invoice)... well, the E-60 had been discontinued, and the replacement pump lists for over $2k. They got an estimate for over $5k for the 2 pumps, a couple sets of lights, and a few other things that got hacked up in the theft. We had a check for $5k in a few days, for what was probably really worth $2k if we'd bought like-for-like used.
Buuuuut... I doubt many are going to pay extra for that on their tool collection. Or that they'll happen to be in Ohio, and happen to find that ad, and happen to be interested in that.
bczygan
Well-known member
Out of curiosity I talked to the guy.
He's a heavy equipment tech of 12 years experience who just bought the box and then found out he was offered a road job with a truck full of tools.
Like most techs, he has a full complement of tools at home.
His selection is 90% SO, MAC and Matco, he says. ****** wrenches and sockets are C'man and HF.
He needs to writ a list of what's included as photos are hard to decipher.
He thinks he priced everything at 40% of new.
Knows he won't get big money selling as a unit, but is too busy and gone too much to sell item by item.
Says guys who have looked at it all in person understand the price. Of course, it hasn't sold yet.
He is pricing the roller at what he has in it, money and trade in. Says list is 20 something. And he won't get that.
He's a heavy equipment tech of 12 years experience who just bought the box and then found out he was offered a road job with a truck full of tools.
Like most techs, he has a full complement of tools at home.
His selection is 90% SO, MAC and Matco, he says. ****** wrenches and sockets are C'man and HF.
He needs to writ a list of what's included as photos are hard to decipher.
He thinks he priced everything at 40% of new.
Knows he won't get big money selling as a unit, but is too busy and gone too much to sell item by item.
Says guys who have looked at it all in person understand the price. Of course, it hasn't sold yet.
He is pricing the roller at what he has in it, money and trade in. Says list is 20 something. And he won't get that.
Well, he at least has changed his add somewhat http://limaohio.craigslist.org/tls/4666655776.html
So people have contacted him. I wouldn't want to be in his shoes, but can understand. On the one hand though, I've been told by so many people, don't get rid of your tools. Your actual working tools, that can always make you a paycheck. The box, sure, i could see that. And the doubles, triples, and cordless/big money stuff, too. But even then, keeping a core set around always gives you the option at a paycheck.
I would love to take something like this in, but knowing me I couldn't part it out, I'd keep it. Still think its sitting till he gets near 10-12k... damn shame.
I would love to take something like this in, but knowing me I couldn't part it out, I'd keep it. Still think its sitting till he gets near 10-12k... damn shame.
Just revisiting this guys ad, he put up a price list. His total is around $58,000. With rebates on tool boxes at 20% for s/o credit, and routine sales around 40%, and buying a lot of this stuff at a big discount through the truck guys, a more realistic retail number is $38,000-$46,000, which is where I'd base my used value deduction off of. The $46,000 should be if you financed it through S/O credit, and only the discounts available this way.
warmpancakes
Well-known member
hes asking 16k for the box used id be willing to bet that box could be purchased pretty close to that new off the truck,
A lifetime of being frugal means they can NOW drop 30k on used tools if they want. If those are at least 90% Snap-On tools in there, I'd say $20k is what its worth for the entire package.
Sure they are used tools, and the psychological aspect tells people they are worth 20-30% of retail and to part with 20k is too much for most people to mentally handle for used tools. But in reality, to buy all that brand new off the truck would be like 45k or so?
warmpancakes
Well-known member
air tools have minimal used value too much hassle when selling, look at the pictures close Id be willing to bet about 1/2 tops is snap on theres alot of lesser know minimal resale value brands, the torque wrenches are 20 years old or more. Says he was a heavy equipment tech but no 3/4 ratchets or air gun,
I went through the first few pages of his list, using the part numbers he provided the items are selling for used an average of 40-45% of new in used condition.
so right about 25k on ebay, probably lower because i didnt get into the air or cordless stuff
I went through the first few pages of his list, using the part numbers he provided the items are selling for used an average of 40-45% of new in used condition.
so right about 25k on ebay, probably lower because i didnt get into the air or cordless stuff
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My first thought was about the lack of 3/4 torque wrench and impact, but they may have them as shop tools, as some places do. Removing wheels and replacing/torquing is common enough but the tools are significantly more expensive.
I agree though, the torque wrenches are pretty old which he has listed, I have a set of 4 like that and much prefer the newer digital units they now have, minus the extra calibration cost.
I agree though, the torque wrenches are pretty old which he has listed, I have a set of 4 like that and much prefer the newer digital units they now have, minus the extra calibration cost.