How should I value second hand kit.

[Woodworks]

Looking to sell our TR70 branch logger and have a buyer interested. They want me to come up with a price. I have no idea what is fair and can't find any other SH machines to compare with. It's in pretty good nick but the paint is poor in place but mechanically 100%.

 

So 50%-60%-70% of the price of a new one what do you think?

 

I would like to sell it them as they are happy for me to hire it in occasionally for our charcoal. Cant justify it sitting idle in the shed 360 days of the year.

 

Thanks

Beau

[Chris Sheppard]

I've not seen any come up for sale second hand so that's likely to keep the used prices quite high.

 

Depends how old it is too i suppose - if it's fairly low hours, I'd be thinking of starting talking around 75-80%.

 

Chances are he's got a figure in mind that he wants to pay and you'll have one that you want to see for it, it's just a case of negotiating to the point somewhere in between the two

 

If he starts getting funny, tell him to go find another second hand one and tell you how much that is - when he can't find one then he might understand.....

[Woodworks]

Thanks Chris. That high!

 

If I got 75% of new I would be a happy bunny. I realise there will probably be some negotiation but just not sure where to start. If I knew what SH ones went for this would be a much easier game

[Kev Stephenson]

start at 80% and come down from there. If you are wanting to hire it then you could always take less money now but agree that you get it back for a week later this year for free.

 

I assume you have a figure you would not sell it for. There will be a figure between your minimum and his maximum, you just need to find it

[Chris Sheppard]

If I knew what SH ones went for this would be a much easier game

 

Exactly - the ball's in your court as there's nowt to compare it too

[Hodge]

Look in your books at what it's worth to the company, it will have been written down over a few years and then you will have had tax relief against it, see what it's now worth an go from there.

[Woodworks]

Look in your books at what it's worth to the company, it will have been written down over a few years and then you will have had tax relief against it, see what it's now worth an go from there.

 

I am not that organised Hodge