What should a used Delta 6x48 Sander Sell For??

I have run across an outstanding condition Delta 6x48 Belt sander with enclosed stand and mobile base for sale.
Machine runs and looks like new and is ~5 years old.
Seller wants $700 for the unit. It has come from a deceased person's wood shop and is part of an estate.
The current model seems to sell for $1250. This unit looks identical to the current model that Delta sells.
Is $700 a good and fair price?
Bubba
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I would offer 250, and settle for 450 -- Jim in NC
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Half the price of new for a piece of equipment in "average" condition is a fair price.
If the piece is exceptional or as you state "like new", then it should bring a bit more. Perhaps as high as 75% - 80% of new price if it is in pristine condition.
700 bucks is a deal for a sander of this quality. If you can haggle the price down a bit, its even sweeter.
Rick

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Ultimately, it boils down to 1) a cost-benefit analysis, or 2) how much you would like to have this machine. In other words, if it will make your life easier doing needed chores and you can afford it, buy it. Or if you really would like to have it, you have a use for it, and you can afford it, buy it. The $700 price is fine. Perhaps offer a bit less and negociate.     mahalo,     jo4hn
Big John wrote: [snip]>

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I would go with the other guys. Accept the fact its not a bad deal but see if its negotiable (with out offending the other dude):)
--
Young Carpenter

"Violin playing and Woodworking are similar, it takes plenty of money,
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