Are tools investments ?

[cathead]

I have some old machines that were pretty well run down when I got them so the price was low.
They have been improved upon considerably and have invested time and materials in them.
I expect that if I sell them, they will command a higher price than when I bought them. I guess it
is all on the totem pole of machinery as to where you want to start in this hobby.

 

[projectnut]

Just an update on the Grizzly lathe for sale on eBay. The original listing expired without a single bid. The seller has relisted it as a "Buy It Now" The new asking price was $4200.00 or best offer. When I checked again this morning the asking price has been lowered back to $4000.00 or best offer.

The original listing was for 5 days the new listing is for 30 days.

https://www.ebay.com/itm/Grizzly-G0...335577?hash=item4b3c5dec99:g:~mQAAOSwuIRamHct

I plan to keep an eye on it to see if it sells and if so what the final price is.

 

[MrWhoopee]

I never considered my tools to be investments, but they have done better than the things I did consider investments.

 

[projectnut]

The listing for the G0709 has ended. The seller did indeed get the asking price of $4,000.00.

On the other hand I just bought a Black Diamond BW-65 drill grinder in like new condition. I doubt it was ever used for anything other than demonstration purposes. This particular model was built for the military, but is comparable to the BW 70 sold today. A new BW 70 costs a little over $8700.00 today. This is a slightly different than todays models in that it's 3 phase, only has collets down to the letter X, and number collets down to 30. The newer machines have numbers 1-52, and letters A-Z. I paid less than 5% of the price of a new machine. Apparently someone didn't get 70% of their original cost back.

 

[Uglydog]

Dad taught me that it didn't matter how good/expensive your tool or machine is, it has absolutely no value unless it is in use.

Daryl
MN

 

[Bob Korves]

Dad taught me that it didn't matter how good/expensive your tool or machine is, it has absolutely no value unless it is in use.

Daryl
MN

Tools are also worthless if they are not available when you need them. Sometimes they wait for a while until use.

 

[Buffalo21]

I've never bought anything in my life, with the concept of what I could get for it later. I don't or can't sell anything. My listing on CL or newspaper ad, always say price is firm, and always they try to get it for less and I throw them out of the shop. I has chiselers and tire kickers, when the ad say $600 firm, its $600. Why bother me and why bother to show up, its not leaving the shop for a dime less.

I had a tig welder for sale for $1200, the guy showed up with $1175, I still have the welder.

My **** poor sales attitude is probably why I still own 16 cars (only 2 on the road) after the last trip to the scrapper and about 22 welders. I told the last low baller, I'd dig a hole and bury it, before it sells for less than the asking price.

If I buy something, it because I want it or need it, with no thought of resale value.