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How much is a 10 yr old MTD 26 ton log splitter worth?

Post in 'The Gear' started by 408039, Mar 12, 2013.

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  1. 408039

    408039 New Member

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    We purchased this about 10-12 years ago new from Lowe's for around $1200. It's in great working condition, although it has a few dings. I have to buy my ex out of his "share". Of course, he thinks his "share" is half of the cost of his new one, which is unreasonable, I should pay half the value of this one. But I am not sure how much this one is truly worth and he refuses to be any kind of fair.

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  2. dave_dj1

    dave_dj1 Member

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    I would say in good working order you could get 7-800, can buy new 22 ton for 999 on sale at TSC.
  3. Jack Straw

    Jack Straw Minister of Fire

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    Cut thy splitter in half and share
  4. Iembalm4aLiving

    Iembalm4aLiving Feeling the Heat

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    I'm always amazed at what people ask for used (sometimes REALLY used) splitters. Dave seems to be in the ballpark at $700-800 or so. These things really seem to hold their value..
  5. Ralphie Boy

    Ralphie Boy Minister of Fire

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    Like my old man always used to say to me: "Boy, don't never be afeared to ask too much nor offer too little!" Now, it sounds like your ex is following the first half of this wise old saying leaving you with no choice but to follow the second half and offer too little. At some point, most likely when you both figure out that the only people who make out in these situations are the lawyers, you two will meet in the middle of the road, say $600 and go on to live happy lives with a little extra change in your pockets.;)
  6. Woody Stover

    Woody Stover Minister of Fire

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    Might want to move this thread to "The Gear" forum...
    ScotO and Ralphie Boy like this.
  7. Foragefarmer

    Foragefarmer Member

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    I was at a rental company liquidation auction recently. There were 2-3 splitters that sold; I would say they were in the $1200 range new, and all of them sold in the $900 range. I thought that was crazy, but splitters hold their value. $7-800 for a 10 year old splitter seems about right as said above.

    I just went through a divorce as well; it took 4 years, the thing to keep in mind is that no one wins but the lawyers.
  8. ScotO

    ScotO Guest

    You put that splitter on Craigslist for 800-900 bucks and it won't last two days.........
    Its tax return season, ya know! Money burning holes in EVERYONE'S pockets.
    andybaker likes this.
  9. ArsenalDon

    ArsenalDon Minister of Fire

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    you must not be self employed. ;)
    mikefrommaine and ScotO like this.
  10. Backwoods Savage

    Backwoods Savage Minister of Fire

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    Wow. You guys make me wonder if I should be selling my 20 year old splitter? Methinks there must be some fools out there if the prices I see quoted are correct. I paid somewhere around $800 for my splitter. If someone offered me $600 I'd sell it for sure.

    For the OP, once a machine is 10 years + the value usually decreases drastically. I'd offer him $300 for his share or perhaps even less.
  11. Slow1

    Slow1 Minister of Fire

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    Hmm... well, you can suggest that he buy you out for his "fair" price and then see where it leaves you. Ok, so he ends up with two, he can sell it on Craigslist if he so desires. Seems like if he values it that much then let him buy it and you go get a new one.
    Jon1270 likes this.
  12. MasterMech

    MasterMech Guest

    It's probably worth about 6-700 here if it looks newer than it is. ;)

    Your location and the local market will adjust that number big time.
    TreePointer likes this.
  13. HDRock

    HDRock Minister of Fire

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    You could also put some pics on here to get a better guesstimate
  14. TreePointer

    TreePointer Minister of Fire

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    With the availability and qulaity of a new Huskee 22-ton splitter with full warranty at $1099 (or $999 with10%-off coupon), I'd lean more toward what MasterMech stated. $6-700.
  15. HDRock

    HDRock Minister of Fire

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    Ya ! I want one ==c
    nate379 likes this.
  16. gzecc

    gzecc Minister of Fire

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    Depends where you are located. You'll get more in different markets.
  17. Jon1270

    Jon1270 Minister of Fire

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    I think Slow1 is right on. If he values it more highly than you do then let him buy you out. The value of the machine is the price at which you're willing to take it or leave it, and don't care much which way it goes.
  18. BobUrban

    BobUrban Minister of Fire

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    The value will be no where near the price of an attorney to solve the issue. Peace of mind has a price tag for me and in the long run not worth the headache to loose sleep over 1-200 clams. Personally I would pay him what he wants for his 1/2, offer him to buy it from you for the same number or sell it on CL and split the lettuce. Then go buy a new one.

    But some people like the battle so take this with a grain-o-salt.
  19. Redlegs

    Redlegs Feeling the Heat

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    +1

    But then again theres a lot of emotion in these kind of dealings, so it's hard say any better than that.
  20. fabsroman

    fabsroman Minister of Fire

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    Well, we never force you guys to get divorced in the first place. Save your money and make the relationship work, or amicably split everything up. Had a couple arguing over a skateboard and a gold bracelet once, the combined value of which was maybe $200. It was just literally insane. I kept trying to tell my client that it was not worth arguing over because they could buy new ones just with the attorneys fees it would cost to argue over this stuff. I know there is some saying that would be appropriate here, but cannot think of it right now.

    To the OP, the easy way to deal with this is to tell your ex to make you an offer for the splitter, in writing, that you can either accept or turn around and hold him to that amount (i.e., he pays you that amount for the old splitter and you go out and buy a new one). Me, I wouldn't pay more than what half a new splitter costs. He is getting a new splitter for less than what you will have to shell out for an old splitter. If new costs $1,200 and you give him $800 for the old one, he only needs to put out $400 for the new one. Sounds like a great deal to me if I were him. Meanwhile, you are paying $800 for the 10 year old splitter. Other way to resolve this issue is to sell it on Craigslist or some other medium and split the proceeds. Just need to make sure he doesn't get some friend to come along and buy the splitter from you on the cheap, but if you hold out long enough you should get plenty of reasonable offers from disinterested parties.
    BobUrban and TreePointer like this.
  21. BrotherBart

    BrotherBart Hearth.com LLC Mid-Atlantic Division Staff Member

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    Closing this one. Pretty much all angles have been examined.
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