Opportunity (For Me) Knocks - Router Forums
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post #1 of 27 (permalink) Old 12-19-2015, 05:37 PM Thread Starter
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Default Opportunity (For Me) Knocks

I stumbled upon an opportunity to buy a used Delta 3 HP Cyclone Dust Collector complete with ductwork and blast gates for $500. It belonged to an elderly woodworker in my neighborhood who passed away in 2009. His son (45 or so) has no interest in woodworking and doesn't really know the value of any of the stuff that's left. I told him honestly that similar machines sell for $1500 and up new, but $500 is really all I'm willing to put into a dust collector. He seems willing to sell at that price, but we left it open until after Christmas.

I love a good deal as much as the next guy, but I don't want to ever take advantage of another person's ignorance or desperation. Should I be able to sleep at night if I take this deal?

“We should be careful to get out of an experience only the wisdom that is in it and stop there lest we be like the cat that sits down on a hot stove lid. She will never sit down on a hot stove lid again and that is well but also she will never sit down on a cold one anymore.” - Mark Twain
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post #2 of 27 (permalink) Old 12-19-2015, 05:48 PM
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Originally Posted by DonkeyHody View Post
I stumbled upon an opportunity to buy a used Delta 3 HP Cyclone Dust Collector complete with ductwork and blast gates for $500. It belonged to an elderly woodworker in my neighborhood who passed away in 2009. His son (45 or so) has no interest in woodworking and doesn't really know the value of any of the stuff that's left. I told him honestly that similar machines sell for $1500 and up new, but $500 is really all I'm willing to put into a dust collector. He seems willing to sell at that price, but we left it open until after Christmas.

I love a good deal as much as the next guy, but I don't want to ever take advantage of another person's ignorance or desperation. Should I be able to sleep at night if I take this deal?
Andy, think of it this way. A reseller would only give him around 25% (or less) of the retail price, with the intention of reselling it for 50% or less to make a profit and cover any overhead.

You are offering him a decent price for a used unit you don't know the history or maintenance for the equipment. If he is happy with the price then you are not taking advantage.

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post #3 of 27 (permalink) Old 12-19-2015, 05:57 PM
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That is a great bargain. I say if he is happy to sell it for that, then he has the satisfaction it went to someone who is going to put it to good use. If you have to disassemble it and take it all down to remove it from his place, then that is worth something too,for both of you and him.

Or if you feel guilty about it,don't buy it ,and lay awake nights kicking yourself for passing up such a deal.

Herb
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post #4 of 27 (permalink) Old 12-19-2015, 05:59 PM
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He is willing to accept the price and you are willing to pay it - he has no interest in woodworking, so it would appear he just wants to get rid of it. I'd say good deal for both of you.
Take it and sleep well, knowing the elderly gentleman's equipment is being put to good use.

Vince
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post #5 of 27 (permalink) Old 12-19-2015, 06:03 PM
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It's used , I say pay the man and have no regrets


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post #6 of 27 (permalink) Old 12-19-2015, 06:26 PM
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You told him in good faith; that's your due diligence done. The Late owner is past caring...
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post #7 of 27 (permalink) Old 12-19-2015, 06:37 PM
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You done right by this fellow, now the ball is in his court.. if he's willing to sell at that price...you should sleep like a baby....

a VERY HAPPY one at that
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post #8 of 27 (permalink) Old 12-19-2015, 06:38 PM
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Andy...you're a good man and one with a heart...bless you for that...

It seems it's a win-win-win situation...the father will rest happier knowing a caring woodworker will be putting his equipment into a loving environment...the son will be happy as he has no interest in continuing his father's work and he too will be happy that it's going to a good home...and you will be happiest for having told him the true value of the equipment and your willingness to provide a good home for it.

Sleep well, my friend...your mind and heart is in the right place...

Now go get it before he changes his mind...! ! ! And be happy all the way to looking for all the missing nuts and bolts when you get it back together...
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post #9 of 27 (permalink) Old 12-19-2015, 07:04 PM
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Originally Posted by schnewj View Post
Andy, think of it this way. A reseller would only give him around 25% (or less) of the retail price, with the intention of reselling it for 50% or less to make a profit and cover any overhead.

You are offering him a decent price for a used unit you don't know the history or maintenance for the equipment. If he is happy with the price then you are not taking advantage.
agreed...
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post #10 of 27 (permalink) Old 12-19-2015, 09:29 PM
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It also occurs to me that the seller might have a lot of respect for you in being so honest with him.
If he isn't he should be!
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