How is Tools Plus for doing Business with. I haven't bought anything from them since I lived in Chesire 10 years ago. I am going to pick up the DJ20 Jointer from them tomorrow. They have an excellent price of $1099 which the Delta rep said was below cost. Buyer Beware?? Coastal has it for $1375 with a mobil base and extra set of knives.
I'd appreciate any comments
Rich
I've had good luck with them. I'd trust them again. They were GREAT to deal with when I bought my General 650. I felt everything was on the up and up, and I was given full paperwork with the saw.
It's right there on the website. Since it dosen't include the mobile base and knives, maybe it's older stock?
Amazon sells it for $1299, with free shipping. Guestimating that Amazon will pay about $50 to ship it, I don't believe for a minute that tool dealers make less than $150 on one of these. With that margin, why sell machine tools?
I'm kind of doubting the rep's story.
Barry
I knew you purchased your 650 from them and I had always thought of them as a reputable store and they haven't gone out of business since the Borg moved in next door. I was going to get the dj20 at Coastal Tools but $100 is $100 and it will cover half the price of the 12v Makita impact driver I have been waiting for on backorder.
I figured I would save $100 when all is totaled up because I want the Mobil Base and the Knives. It is the older DJ20 that I want because the motor and base are US made. The new X5 is completely made overseas.
Thanks for the input
Rich
I meant older, older, not the X5.
I'm thinking TP may strip the knives and mobile base from the package Coastal sells and sell them alone. Nothing wrong with that, if you don't want the extras.
I don't sell tools, but I do have some inside retail information and I doubt any tool dealer is willing to make the same amount of money on a DJ-20 as he is with a good variable speed router. There are general minimum margins on all retail operations to cover fixed costs, it doesn't matter what you're selling.
I've been told by one dealer's employee (not Coastal or TP) that he makes 10% on an $899 machine, and then found the same machine for an everyday price of $825 right down the street, and BORGs aren't involved. I don't think ANYONE retailing an $825 tool with a gross profit of $15.90 will be around long.
Barry
The Delta rep said it wasn't one of their promotions. CT is just bundling and TP is below cost. Too good to be true ?
I wonder if they do what those Big Apple Electronics stores are famous for. Stripping out computer components and swapping in cheaper stuff? Swap out the motor? How can they do it? Make it somewhere else. I noticed some of the prices of TP other stuff is more expensive than CT. Also, Amazon does the same thing. It will have higher prices for certain items thean others. I don't find them all that competitive in pricing.
Speaking of the Borg. I was there this afternoon and their tool selection really sucks.. Mostly Dewalt, Rigid, very little Makita, P&C. Not what it use to be like. I don't think CT or TP will have any serious competition.
Rich
I again point you to the $1299 Amazon price, with free shipping. The Delta rep says dealer cost for the tool is $1100+. I find it hard to believe that Amazon would handle that tool for that small of a gross margin.
Now, lets look at Coastal. Using a typical retail markup to figure Coastal's costs on the extras, removing the mobile base and knives would bring their in-store price to about $1260 ($1349-$90). I again find it hard to believe that a brick and mortar retail store would sell that tool for a $160 gross profit or less. Why would Coastal GIVE away the base and knives, for a gain of $160, GROSS?
Check out the Jet 6" Jointer that Coastal sells for $439, Amazon and others sell it for $549-599. Do you think that's below Coastal's cost, or do you think there's a slightly better margin than the Delta rep hints at?
I don't believe the Delta rep, and being in the bicycle business have no idea why this person would ever mention pricing to a retail customer. Maybe different Delta reps have different territories? Except for real estate and cars, nearly any retail business has similar fixed costs, and has to operate at similar margins in order for it to be worthwhile to stay in business.
They don't. I like the "Depot Shoppers" sign in front of TP.
I'd not hesitate to buy again from either store, and usually do so on a regular basis.
I didn't know TP had the DJ-20 for that price, now I want to buy one as well!
Barry
Rich, Check your email!
Barry
Done... Last One is Mine.
Killer!
My 6" Rigid is already sold to a guy I work with.
Barry
So how long did you have it in for a new Jointer? Was it one of those impulse buys? You gotta love the Price ! Gloat. When I spoke to Bob on Wednesday he had 2 left and you got one and I got the other.
Now on to the next item on my list
Decisions...decisions...
Rich
A long time. I've been looking for a used DJ-20, and had been considering driving to Muncie, PA to finger a Grizzly 8" Professional.
A DJ-20 for $1099 sealed the deal! I can get an 8" Grizz for $800, plus the time and expense of an 8 hour round trip ride to Muncie. The DJ-20 is a known quantity, I've used them and I like them. I think it's a the perfect smaller-shop jointer. Having used a DJ-30 and a DJ-20 at CSW, I actually prefer the 20 for most operations, as the tall fence on the 30 gets in my way.
FWIW, when I called this morning, if there was one left, it was yours. I still would have reserved it, but you'd have the first shot at it, as you found the price first.
Now if only the SBC/CWA contract gets settled, I won't have to work 16 hour days, and can go get it.
Barry
Hey Barry:
I'm glad that you got in on the DJ-20 deal. It was too good to be true kinda deal. That is why I PING'd ya. I knoew you had done biz with them. I had given the Grizzly route some consideration as well. My Brother-in-law has some older stuff and it is not that bad. According to him that is. I have been considering the Gizzly Tent sale
I assume you work for a company formerly called SNET?? It looks like they're not going to strike for now.
Taking the Cabinet Making Class next weekend at CSW.
Rich
PS.. I couldn't send ya an email because it is blocked or something.
No, I always either don't need anything at the time of the sale, or have some schedule conflict.
We'll see... With any luck, things will get settled soon. Strikes suck from both sides of the ball.
Really? That's strange. Every stammer in the world manages to send me mail, but legitimate folks can't! Go figure...
Barry
I picked up DJ20 this morning and his twin brother was sitting right next to him awaiting adoption tomorrow. Bob had told me the adoption papers came through $300 below cost.
Rich
I have a 1 PM appointment with the tool obstetrician.
A twin gloat if I've ever seen one.
Barry
As Austin Powers would say: Yeah Baby !!
Rich
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