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Selling an Industrial Needle Feed Machine
I need some advice
Maggiedoll
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Maggiedoll
Advanced Beginner
Maryland USA
Member since 1/8/10
Posts: 1474
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Date: 1/12/12 11:48 AM

After drooling over compound feed machines for awhile, my parents agreed to get me one for my birthday whenever I managed to find a good price on one. So last summer I found a lot of 2 at one of those government auctions, a Consew 255rb-2 and a 226r-1, which ended up going for a reasonable price. So I figured I'd keep the 255 and sell the 226 (the 255 has the bigger bobbin.)
Anyways, we, er, kinda dropped the 255. Between that, the fact that neither had been used in awhile, and the absolutely atrocious manual (seems to have been directly translated from an Asian language-- the syntax is really, really garbled to the point of rearranging meanings) it took awhile to figure them out.
I actually got it sewing, the only lingering problem was the tension release that didn't release, which had me stumped, as I'd replaced the whole tension assembly.

So yesterday Kris got one of the guys from the paraloft on base to come by on his way home from work to look at it. He thought that the [big inside-the-machine] pin just looked worn down, so he bent the lever on the back of the tension assembly back farther, and now it works. Yay!

Kris talked to him today and he asked why I have two, and apparently he's interested in buying the 226.
Now I'm kinda stumped on a price. I'd been searching for a compound feed machine for awhile and probably would have jumped on anything less than $500 or so, and I fitted it with a servo, expecting that would help with selling it. I just didn't want to actually sell it until I got the 255 in decent condition. (I was afraid I'd sell the 226 and then for some reason not be able to get the 255 together and then be stuck.)
I want to give it to this guy for less than I would have asked for it on Craigslist, especially since he'll help me with mine. I'm tempted to just give it to him, or give it to him for just the price of the servo (assuming he wants the servo, but I can just leave that up to him. I haven't put a servo on the 255 yet, I figured I'd do that after selling the 226.)
Would that be stupid of me? I was hoping to get a good price for it, and we could certainly use the money, but having an expert in maintenance/repair who works five minutes away and doesn't mind helping me may qualify as a good price in and of itself.
The prices on the machines seem to vary pretty widely. If I could find a "normal" price for a used 226 I'd probably sell it to him for half that, but there doesn't seem to be anything resembling a standard price. If I was selling it on Craigslist I would have started a bit high and then dropped it if nobody was interested.

Thoughts?
-- Edited on 1/12/12 11:49 AM --

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dscheidt

dscheidt
Member since 6/8/09
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Date: 1/13/12 8:22 PM

I don't know what you paid for the machines, nor do I know what these machines typically sell for. There's a lot of variation in prices of old industrial machines because the market isn't very big, isn't very transparent (I've seen machines sell at auction for more than a brand-new, better featured, machine costs, because the buyer doesn't know who to talk to), and they're big and heavy and expensive to ship, which limits the range of buyers. If you're some where where there are lots of them, they're cheaper than if you're somewhere there never was any industry.

Were I you, I'd think a fair price is half the price you paid for both of them, plus any parts you put on it (it sounded like it's a new motor?). You can adjust from there, up or down, depending on what that number actually is, and how badly you need the cash.
If you end up offering him a really good price, you should probably be upfront about wanting help in the future.

Ripple Dandelion
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Ripple Dandelion
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North Carolina USA
Member since 9/23/06
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Date: 1/15/12 7:19 AM

Lots of considerations there! Don't know if this is at all helpful, but I just sold a regular drop feed industrial, newish model in a nice new table, with a servo, on CL, for $400. The buyer drove four hours to come get it, and turned out to be just the cutest recent fashion graduate from Savannah College of Art & Design. She was happy and I was happy.

On a drapery industry website, I saw a needle feed Juki that needed a new stitch plate, with a regular clutch motor, and not in particularly great cosmetic condition, for $375.

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Virginia
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PhyllisC
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PhyllisC
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Massachusetts USA
Member since 8/2/02
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Date: 1/15/12 8:00 AM

I agree with Dscheidt, used industrials are all over the place in terms of price and quality. I also agree that 1/2 of the price you paid plus parts is a good place to end up and if it was me I'd mark it up 25% for negotiating room to end up at 1/2 price.

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Sewing = Fashion
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Luck happens when preparation meets opportunity.

Restart06
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Restart06  Friend of PR
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USA
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Date: 1/15/12 8:26 AM

I agree, tell him how much you paid for them, the price of parts (so all is in the open) and sell it for what you paid (1/2 of the total of the 2 machines plus parts). Just keep thinking how much he saved you from repairs and how much he will save you in the future in repairs.
Sometimes making a little extra $, doesn't pay in the long run. And be thankful you have someone so close to help and answer your questions.
-- Edited on 1/15/12 8:28 AM --

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