Author Topic: 2020 Price Increase  (Read 2188 times)

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Offline presidentsdad

  • Posts: 51
2020 Price Increase
« on: February 04, 2020, 06:54 PM »
Hey all,
Was cruzin' over at ToolNut.com and saw that prices for a fair amount of Festools are increasing starting April 1.

Copy/Paste Link:  https://www.toolnut.com/festool-price-increase-2020.html

Click link --> Price Increase!

If I recall, there was no price increase last year.
PresidentsDad - TS75; FS1900; FS1400 LR32; CT36; RO150; DF700 XL; Seneca Small Mortise Kit;

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Offline RustE

  • Posts: 426
Re: 2020 Price Increase
« Reply #1 on: February 04, 2020, 07:06 PM »
Nope, no price increase last year. This year was expected with the new(er) tariffs in place.

Offline DeformedTree

  • Posts: 672
Re: 2020 Price Increase
« Reply #2 on: February 04, 2020, 10:00 PM »
not a very big change on most stuff.  What surprised me was price increases on CMS stuff.  It's discontinued in the rest of the world, I would think they would be trying to purge it all out.

Offline PreferrablyWood

  • Posts: 912
Re: 2020 Price Increase
« Reply #3 on: February 06, 2020, 04:24 PM »
Price increases I notice them and think it's probably the best that they price to earn money on their product, not so strange. Interest rates are so low so lack of ways to make money on money means you have to price after product value not just invest in intangibles .
Vecturo OSC, BHC SDS, RO 150, 850 HL E Planer rustic head standard head angle fence, MFS 400x2, MFS extensions MFS VB 700 x 1 MFS VB 1000 x 2 . CMS GE, sliding fence, VB and 2x VL extension tables, OF 2200, Accessory Set ZS OF 2200 M,36mm 5m antistatik hose, CMS OF+ CMS TS 75 insert modules. SYS-MFT Fixing-Set,  3.5m sleeved hose, Syslite duo, Sys 4 sort 3 x3, Sys Roll, Sys 1 Box x2 , classic Sys 3-Sort 4, classic Sys 3 Sort 6 x2, Sys Cart x3 Systainer 4 x2  as toolbox with selfmade inserts Systainer 5 as toolbox with insert.
Festool 18V HKC 55 Li 5.2 EB Plus FSK 420,FSK 250, Extra blade for the HKC 55 W32.TI 15, CXS 2.6 Ah version, RO 90 DX, PDC 18/4 plus DC UNI FF depth stop chuck,AD 3/8 square socket holder FF chuck, Centrotec Bits; -->Bit holder and bit selection BHS 65 CE TL 24x, ,Bradpoint DB WOOD CE SET ,Zobo (Forstner) D 15-35 CE-Zobo SET ,Masonary/stone bits DB STONE CE Set,Extender BV 150 CE, Countersink QLS D2-8 CE Hook turner HD D18, end centrotec<--.  TS 75 EBQ, PSC 420, OF 1010, RS 300 EQ, CTL Midi, MFT 3, Parf dogs x2pair +Bench dogs x2pair, FS 1080, FS 1900 .  will get Domino DF 700 XL,  CMS insert BS 120 Belt sander.

Offline Gregor

  • Posts: 1546
Re: 2020 Price Increase
« Reply #4 on: February 06, 2020, 04:49 PM »
Interest rates are so low so lack of ways to make money on money means you have to price after product value not just invest in intangibles .
Coin slots for pay-per-use will be mounted on the next generation of stuff one could buy to use eternally not that long ago.
Certainly you'll have to pay the initial product too, the per-use will be in addition as the rentiers need to get richer.

Offline DeformedTree

  • Posts: 672
Re: 2020 Price Increase
« Reply #5 on: February 06, 2020, 07:11 PM »
Interest rates are so low so lack of ways to make money on money means you have to price after product value not just invest in intangibles .
Coin slots for pay-per-use will be mounted on the next generation of stuff one could buy to use eternally not that long ago.
Certainly you'll have to pay the initial product too, the per-use will be in addition as the rentiers need to get richer.

Festool learns from Adobe and makes all their tools only work if connected to the Cloud, don't pay the yearly fee the tool vaporizes.

Offline Coen

  • Posts: 496
Re: 2020 Price Increase
« Reply #6 on: February 09, 2020, 02:50 PM »
Interest rates are so low so lack of ways to make money on money means you have to price after product value not just invest in intangibles .
Coin slots for pay-per-use will be mounted on the next generation of stuff one could buy to use eternally not that long ago.
Certainly you'll have to pay the initial product too, the per-use will be in addition as the rentiers need to get richer.

Festool learns from Adobe and makes all their tools only work if connected to the Cloud, don't pay the yearly fee the tool vaporizes.

Such things aren't that popular in German culture, so don't count on it.

I stay away from such things too. It always amazes me what ppl have connected via some cloud subscription...

Offline jronman

  • Posts: 8
Re: 2020 Price Increase
« Reply #7 on: February 19, 2020, 05:02 PM »
the price increase last year was in may

Offline ben_r_

  • Posts: 1259
Re: 2020 Price Increase
« Reply #8 on: February 22, 2020, 11:19 AM »
Sigh... and here we go again. Ah well, just increases my tools resale value! lol
If at first you don't succeed, redefine success!

Offline ChuckM

  • Posts: 1489
Re: 2020 Price Increase
« Reply #9 on: February 22, 2020, 11:25 AM »
Snip. Ah well, just increases my tools resale value! lol

True. With the possible exception of my Kapex, every Festool machine in my ownership has been or will one day most likely be resold at or more than their original purchase prices.
« Last Edit: February 22, 2020, 11:29 AM by ChuckM »

Offline Coen

  • Posts: 496
Re: 2020 Price Increase
« Reply #10 on: February 22, 2020, 04:09 PM »
Sigh... and here we go again. Ah well, just increases my tools resale value! lol

Actually not. You just get more dollars, each of less value.

Offline Svar

  • Posts: 1970
Re: 2020 Price Increase
« Reply #11 on: February 22, 2020, 06:14 PM »
True. With the possible exception of my Kapex, every Festool machine in my ownership has been or will one day most likely be resold at or more than their original purchase prices.
Only if you never use them. For example TS75 with track was $690 in 2013. Look at e-bay. See any 7 y.o., well used TS75 at that price? I agree that Festool hold it's value better than others, but let's not get carried away.

Offline ChuckM

  • Posts: 1489
Re: 2020 Price Increase
« Reply #12 on: February 22, 2020, 07:38 PM »
Wait a minute...I never sell any tools on eBay (too much competition?). I made small "profits" when I sold my TS75 (bought second hand, owned for 1 year or 2?), CT26 (3?), and Systainers (3). They were used but never abused, and were cleaned before images were "professionally" taken and loaded to Kijiji. The sales experience (may be not typical) drove me to get two sets of the PRO sanders when they were released. I use them both, but one day when I decide to resell one of them, I feel confident that I could at least break even.

I'm not selling my DF500 (7 yrs old), but I am expecting some profit if and when I do. My feeling is that many people looking for second hand machines may not have done enough home work before they make their counteroffers.

« Last Edit: February 22, 2020, 07:47 PM by ChuckM »

Offline Peter Halle

  • Global Moderator
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  • Posts: 12136
  • Magnum - My new little boy
Re: 2020 Price Increase
« Reply #13 on: February 22, 2020, 07:57 PM »
I hope to get a tiny bit of something when and if I sell my tools.  I'll use and abuse them in the mean time and smile.

Peter

Offline ben_r_

  • Posts: 1259
Re: 2020 Price Increase
« Reply #14 on: February 22, 2020, 09:01 PM »
Yea of the few Festool tools Ive sold I was able to sell them used for the same or more than I paid for them. I take EXTREMELY good care of everything I own, so that does help. But still, Festools price increases are one reason their tools hold their value so well.
If at first you don't succeed, redefine success!

Offline Svar

  • Posts: 1970
Re: 2020 Price Increase
« Reply #15 on: February 22, 2020, 09:30 PM »
Wait a minute...I never sell any tools on eBay (too much competition?).
Yes, competition. Because of that a fair market price.

Offline schtumpig

  • Posts: 42
2020 Price Increase
« Reply #16 on: Yesterday at 09:57 PM »
“The profit on tools comes from the using”

- From a chinese fortune cookie

But it is good to know the CMS is increasing in cost. As someone said they are discontinuing the CMS in Europe so I would expect it to go away in the USA.

I am planing on buying a CMS-GE soon so thanks for saving me $40


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« Last Edit: Yesterday at 10:00 PM by schtumpig »
My tools in the order I bought them: MFT/3;  OF-1400;  CT-26E,  Kapex KS-120EB;  MFT/3-Kapex;  RO-90DX;  Woodpeckers 660mm Precision Square;  RO-150 FEQ;  TS-55REQ;  118" FS3000;  MFT/3 Basic;  Fein FMM 350Q Systainer Edition;  CT-22 with Boom Arm;   MFT/3 + CIRT (Cast Iron Router Table) + Precision Plate + Incra Lift/Fence w/ Porter-Cable 75182 = Homebuilt CMS