How much would you pay?

[WhiffySpark]

I said 600 and thought that was very generous . He said 1200. Just what's pictured and an mg725

 

[General Geoff]

Assuming all the socket sets are Snap-On, I could see getting 800 from the right buyer, but I don't think 600 is an unreasonable offer.

He could probably make more by selling the sets individually.

 

[WhiffySpark]

Nope just the impact sockets. Rest are craftsmen. Gear wrench torx

 

[General Geoff]

What about that long flex-head 1/2" ratchet?

 

[WhiffySpark]

What about that long flex-head 1/2" ratchet?

Snapon. And one 3/8 snapon.

 

[General Geoff]

I still say $600 is a reasonable offer. If you actually need the impact swivels and the ratchets, that's $600 off the truck right there.

 

[jd_1138]

600 sounds fair but if he won't take it, maybe go up to 700 or so.

 

[ssdave]

I add it up to 720. $600 wasn't an unreasonable offer, but $1200 would be really stretching it. If you really needed that exact stuff, might be able to do $800 or $900, but I'd have a hard time seeing $1200.

 

[WhiffySpark]

I still say $600 is a reasonable offer. If you actually need the impact swivels and the ratchets, that's $600 off the truck right there.

I know. All the sockets and extensions were $600 off the truck. Minus the swivels

I think I'm just set on 600 because I don't need anything

 

[justanengineer]

I'd top out ~$200. We're not talking rare, specialty or BNIB tools, super common stuff from a common, albeit better brand. Hit a few estate sales and you'll pay a fraction of what others are suggesting.

 

[jd_1138]

I'd top out ~$200. We're not talking rare, specialty or BNIB tools, super common stuff from a common, albeit better brand. Hit a few estate sales and you'll pay a fraction of what others are suggesting.

$200? That impact socket set alone probably costs $600 off the truck. Add all of it up in off the truck prices, and you're probably looking at $2,000 or so. Not saying it's worth $2,000 on the used market, but it's definitely worth more than $200.

 

[WhiffySpark]

Estate sales are few and far between here. Everything has to match for my OCD so no interest in that.

I already have everything pictures except the swivels

 

[anndel]

All the stuff in the 3 photographs plus the MG725? Then $800- $1200 is right but most likely $1000. Try pricing those individual sets on Ebay and they'll add up to more than $1200.

 

[Empty Pockets]

I'd offer $600.00 again, then if he won't take it, I'd walk away, leaving my phone number.....Maybe offer $500 in 2 weeks

 

[Hawk]

$200? That impact socket set alone probably costs $600 off the truck. Add all of it up in off the truck prices, and you're probably looking at $2,000 or so. Not saying it's worth $2,000 on the used market, but it's definitely worth more than $200.

But it is not "on the truck". 2 to 3 hundred top offer.

 

[Jacobson]

$200 is a laughable offer.
Used Snap On commands 50% to 75% of cost of new.
Just ONE of those things would sell for $200.

Stick to spending decades at estate sales so you can find the deal of a lifetime
Other people understand the concept called opportunity cost

 

[R.Anderson]

All the stuff in the 3 photographs plus the MG725? Then $800- $1200 is right but most likely $1000. Try pricing those individual sets on Ebay and they'll add up to more than $1200.

Pricing a tool lot by how much they sell for individually and paying that price is just . . . Ya no. If anyone wants the the value of each individual tool do not sell it in a lot. Simple as that.

$600-$800 is where I would be at on all that.

 

[Vortaku]

Stick to spending decades at estate sales so you can find the deal of a lifetime
Other people understand the concept called opportunity cost

Not to derail, but you would be surprised how many people don't. In my econ class people don't even begin to understand it.

 

[Richard Cranium]

I agree, I would top out about 800.00 but would be very happy at 600.00

 

[rice rocket]

Not to derail, but you would be surprised how many people don't. In my econ class people don't even begin to understand it.

Maybe people in your econ class understand that their time has value.

 

[6PTsocket]

Things are worth what somebody is willing to pay for them. If you are all about owning Snap On they are worth more. If you just need a decent tool for your home shop, that will get the job done, they are worth a lot less. Craftsman was heading down hill long before they went to China so that label does nothing for me. A quick exchange for a broken tool is no substitite for a tool that doesn't break that often. SK, Proto and Wright are all good brands. That is not to say that Snap On is not great stuff but the high price is partly do to the means of distribution and part hype.

Sent from my SM-G900V using Tapatalk

 

[T45]

That lot is fairly valued at $800 (+/-100). There are lots of modern tools with a deep, liquid market so they can be sold pretty easily if the OP doesn't want them. If he don't need the tools of course this whole thread is worthless.

 

[Teenager with old tools]

If I had money I'd offer $400 if didn't need the stuff and if I needed it I may go to $900. Like when I buy used files I know $2-$4 is reasonable but I got a lot for $5 total so unless I am buying out of need I judge by a good deal. If I needed one I'd go higher in price.


Sent from my iPhone using Tapatalk

 

[WhiffySpark]

That lot is fairly valued at $800 (+/-100). There are lots of modern tools with a deep, liquid market so they can be sold pretty easily if the OP doesn't want them. If he don't need the tools of course this whole thread is worthless.

Brother in law is who owns it. Could use the stuff at home I could care less about the craftsman sockets.

He walked out of job. Leaving for England in march. So he's selling this and his 94 civic for money to live on.

I'll try 600 again. And only go lower. If he doesn't like that he's welcome to come get it

 

[Jacobson]

Not to derail, but you would be surprised how many people don't. In my econ class people don't even begin to understand it.

Tell me more...

This is the most simple concept. How do your classmates not understand?

If you spend lots of time reading a book, it seems free. But that was time you could have been earning money by working, so reading is not exactly free. a 3rd grader can understand that.

If you earn $50/hr and spend an entire day looking for cheap tools at garage sales, you just lost $400 in wages. So, the tool really cost you $400 more than you think.

 

[BuildFixModify]

Tell me more...

This is the most simple concept. How do your classmates not understand?

If you spend lots of time reading a book, it seems free. But that was time you could have been earning money by working, so reading is not exactly free. a 3rd grader can understand that.

If you earn $50/hr and spend an entire day looking for cheap tools at garage sales, you just lost $400 in wages. So, the tool really cost you $400 more than you think.

But you only lost $400 if you could have gone to work. Say it is Sunday and the business is closed so your alternative is watching tv. The opportunity cost becomes the value of watching tv, which in my opinion holds very little value.

 

[bcradio]

I would also offer $200 to $300 on the set. None of these tools are Snap-on specialty tools that they do better than everyone else. If we were talking line wrenches and fdp wrenches that they specialize in, then maybe I would offer $800 or so.

 

[bdelmar2]

Nobody is going to sell all that for $200.

If they do they are stolen, or you are ripping off somebodies widow.

At $200 you could resell them as sets on ebay and make $1000, or even sell them instantly and make $800, or hell even $600.


Not a bad days work.

I'm sure all you guys who can buy them for that price probably are already clearing $4,000 or $5,000 a week on your tool deals right now, and probably have less than 6 hours invested to boot.

You can take a two week vacation and still clear a quarter mill or so a year.

Sounds pretty legit to me.

 

[Hawk]

First the question is "How much would you pay" not How much would you resale them for. I stated what they would be worth to me because I buy to use, not to resale. I never buy something based on resale value. My tools are for use. Before I retired tools were something to accomplish a goal, to fix something. I bought good tools that always did the job. For what these tools would do, 2 to 3 hundred would be my max. Your mileage may vary. There are no specialty tools shown.

 

[justanengineer]

$200 is a laughable offer.
Used Snap On commands 50% to 75% of cost of new.
Just ONE of those things would sell for $200.

Stick to spending decades at estate sales so you can find the deal of a lifetime
Other people understand the concept called opportunity cost

BWAHAHA....hilarious post. If you pay more its better right? We're not discussing what it could bring if the OP's selling, the OP's trying to buy and thus asked what WE would pay. No, I'm not going to pay what something is "worth," I'm going to get a deal because this is a hobby. FWIW tho, even when I was still a diesel tech I wouldnt have paid what most here are suggesting, maybe $5-600 if the seller was a friend or colleague. We're not talking highly desirable, rare tools that hold serious value, these are dirt-common sets that most guys already have in their box. Sure, you could find a buyer at $200 per if you tried hard enough, you could also find a $30-50 set with not much more effort. It wouldnt take decades to assemble that pile, maybe 3-4 months at 1-2 hours/week looking. If you happen upon a SO collector auction youd likely be $2-300 invested for everything within 2-3 hours.

As for opportunity cost, thats downright comical to mention for common tools on a hobby board. Realistically there's no such thing, 99% of us here have similar sets/capability, there's no cost for not purchasing. If youre really worried about opportunity cost, buy new online and be done within minutes. Beside that, if I put opportunity cost on everything I enjoyed or needed to do - sleep, eat, wife/family time, other hobbies - I'd be 1000x negative on net worth. Reality is that I earn more than most, dont enjoy ******* away money, and have more tools and machines than most. An hour or two a week searching for deals for me is fun and saves a huge amount of money. I dont have to work in my shop to justify it, keeping my investment low by getting deals and flipping an occasional tool has more than paid for everything.

 

[justanengineer]

$200? That impact socket set alone probably costs $600 off the truck. Add all of it up in off the truck prices, and you're probably looking at $2,000 or so. Not saying it's worth $2,000 on the used market, but it's definitely worth more than $200.

Sure the value is higher but not the numbers discussed here. $200 for those impact sets would be a pretty common ebay or craigs asking price but very few would pay that. Even buying through an industrial surplus dealer you'd probably only be half that, maybe $100.

 

[fatfillup]

As a reseller, I would pay about $600 for the lot. That is what it is worth wholesale. And when you sell lots of tools as a lot, you get wholesale pricing. If you want used retail pricing, do like I do and sell set by set.

 

[stikman56]

Depends on the cosmetic condition of the MG725. Nice,it's worth $250.00, beat to hell, 75 bucks. I'd offer 400 bucks if the impact was pretty clean.

 

[ptschram]

In the recent past I have ahd almost all of those tools on $149.99 specials

The screwdriver set runs $169.95 new.

The punch/chisel set is $239

The long ratchet is about $200

Even the socket set was on a DEEP promo recently.

The Blue Point plier set was half of a $149.99 special.

As for the MG725, keep in mind the instant you put air to it, the value diminishes immediately as air tools beat the snot out of themselves in use-but, if less than two years old, it can be rebuilt for free if you have a good relationship with your Snap-On franchisee.

 

[bdelmar2]

I agree such things are situational, everything in life is.

I do make my living with my tools and I have everything there pictured already, though not necessarily snap on, so I don't need any of it, or even have a desire for it.

Granted I don't do the heavy end of the work anymore where those tools would be most useful. Nowdays I mainly rebuild transmissions and diagnose/troubleshoot for the other mechanics if I have to.


Still I have an idea of their actual value and what they likely cost him. I also know what kind of situation I would have to be in before I sold my tools and they would be the last things to go.


I gather from your wording he is storing the tools at your house, plus he walked away from his job, and they don't look to have been used a lot.

I'm guessing he still owes on them, the snap on ones anyway.


In any case, I don't need or want any of them.


What I would do is tell him to take them around to local shops and try to sell them there.

Better for him and for me.

I would give him a rough estimate on value and let him know what I would pay for them if he can't sell them for a reasonable price.


5 racks of sockets, worth $100 each and more for the universal set, at least $150 there. So $650 in sockets. This is assuming he has the missing ones from the sets, if not they are worth quite a bit less.

I'd give $300/$325.

Extensions both sets worth about $100ish, I'd give 50 or a little less.

1/2" long handled flex is worth about $200, I'd give $100, though I have a new one I paid $250 for not that long ago.

3/8" is $125, I'd give $75 for that.

Screwdriver set I'd give $50 to $75 for looks like there are a couple extra, and this is assuming the set is all there and none are broken.

Channel lock set is all there, that's worth maybe $50ish to me, but I bet he can get $75.

The rest of the off brand stuff, say $50.

I'm not a big fan of snap on air tools, and as mentioned earlier how the impact looks will have a big influence on its worth.


I'd give $700 plus whatever the impact is worth, figure $100.


So something like $800 would be tops for me and I believe I could resell everything in a week for that. All I would have to do is lock my box to keep everybody out of it and post a for sale list on the lid, lol.

And he should have no trouble selling them for that, especially if he happens to have the receipts for them, or if he knows people in the field. Just pack them in that civic and off he goes.

Although if he came into our shop wanting to sell them, he better have the receipt or be known to somebody, otherwise I'm likely to chase him off pretty fast, but I'm guessing a lot of shops aren't that way.




So as a diy homeguy, offering $600 seems pretty reasonable of you.

 

[WhiffySpark]

Not a diy. His toolbox is still at shop after a week. I got him the job and he quit after about 6 months. Paid off the snapon guy and then quit the Saturday after.

I offered him $600 again. Even sent him a picture of the cash laying out. He's still set on $1k or more

I was more or less just trying to help him out. I have everything but the 1/2 swivels. His box sat beside my epiq lol

 

[bdelmar2]

Hmm, I see.

Well, still within reason on the price. Especially since he quit after you got him the job.

At least you know they are paid off.

Whats he going to do with the box and the rest of the stuff in it?

Couldn't really see the box that well in the photos, but doesn't look like it will fit in a civic, unless its a hatch, he he.


Sorry about the diy thing, not sure how I got that impression, I really need to start reading peoples other posts before replying, or at least their profiles.

 

[Agentwho]

Does he still owe on the acct to the tool truck? I know a few people who have trouble selling stuff (namely boxes) because they still have to much left to pay on it. If that is the case tell your bro in law to see about returning the tools to the truck to pay off the acct.

Selling off a collection of tools is kind of like selling a customized car or bike. Never going to get the money back out of it... You put the set together for your needs and finding someone someone who wants that exact order that has the need and money to spend is like finding a needle in a haystack. What they retail for is not important it is what someone will pay for them. You've made an offer you felt was fair and he said no. If you are not in need of the tools I would leave it at that and suggest if he wants top dollar he is gonna have to take the time to part the set out and sell everything separately. Side note your location also dictates how much something is worth. I live in a big city where you have lots of potential buyer but out in the country less people = less buyers = less demand so on so forth.

Sounds like you are storing the tools for him, I don't know how much free space you have but remind him that most places charge to keep things Really though don't become his personal storage locker. Give him a solid date on when the stuff should be cleared out of your way. Who knows maybe that will get him to accept your offer.

 

[Rickster]

$300 to $350 tops, but I'm basing that on the Snap-on and if it's for your use. I'd pass on the non-Snap-on tools.

 

[doubleot]

I guess I'm crazy but none of that stuff is screaming even 600$ much less anymore than that. I'm pretty sure you can find most of that stuff at pawn shops or estate sales. IMO pass if he turns down 600.