- Joined
- Oct 17, 2018
- Messages
- 966
"Rules" like this are absurd and have no value whatsoever, other than to prevent one from actually using his head to identify a real deal. For example, if you are shopping for a clean, used milling machine, and someone has just what you're looking for, in like new condition, for 60% of new cost, your "rule" would make you pass on an excellent deal.
I can always break the rule! It's less of a "rule" and more of a guide. There's a few sellers trying to sell lean, used mills for $1400 and up. They are priced way too high based on what I've seen sell over the past few weeks. Anything priced below $900 gets sold quickly. Theirs have been sitting for at least 5 weeks. That tells me that my guide is about right, since a new mill is about $1800-$2000. I think sellers on CL pad their prices, expecting people to offer less. We all want to think we are getting a good deal, so I assume they are padding it and offer less. I have nothing to lose; they can counter and I can accept or reject. I suppose it would be different if I lived outside a major metro area.
You raise an interesting point, though; at what percentage of "new" do we decide is too much? Your example of 60% is really close to my 50%, so I might be willing to pay it. Those listings for $1400 are 70% of $2000; that's too close to new prices to justify buying from a stranger on CL with no returns or warranty. It's really a judgement call, I suppose. To me, and excellent deal is 50% or less of new.