stove depreciation?

[dvellone]

Finally gotten around to preparing my old Jotul for selling and I'm not seeing many for sale for a comparison. I have little idea of how a woodstove depreciates (it's 3 years old and in very good condition), and I want to offer it for a fair price for buyer and myself.
Is there a percentage of original value I can go by?

 

[BrotherBart]

If you are selling the Castine then ya got problem. That being that all of the dealers are hawking the 30 percent tax credit. A used Castine is also eligible but making a buyer believe that will be difficult.

It is not a good time for selling used stoves with that credit hanging around.

 

[hockeypuck]

One of the issues you are going to run into is the tax credit they are giving out now. I went through doing the math on the HI300 (new with blower 2300) and found one on line that was a year old. They wanted 1500 for it. Seems like a good deal, but after figuring the tax credit in for a new one, the new stove only ends up costing and extra 100 dollars or so. Between the hassle of driving 2 hours to inspect and haggle, anything more than 800 bucks would not be worth it. Just one opinion.

 

[hockeypuck]

like 'Bart said.

 

[dvellone]

If you are selling the Castine then ya got problem. That being that all of the dealers are hawking the 30 percent tax credit. A used Castine is also eligible but making a buyer believe that will be difficult.

It is not a good time for selling used stoves with that credit hanging around.

I'm selling the f100 - I replaced it with a castine. But on Jotul's website they state that the f100 also qualifies for the credit.
My understanding is that to qualify for the credit the stove has to be purchased new. I couldn't find the statement on the IRS website though - go figure.

I had the stove available for sale last fall when I installed the castine but dragged my feet because I was hesitant to let it go. Now the tax credit.

 

[Wood Heat Stoves]

30 percent tax credit. A used Castine is also eligible but making a buyer believe that will be difficult.

It is not a good time for selling used stoves with that credit hanging around.

i agree, i wouldn't buy it if i was excpecting credit...

the maker must be willing to issue a qualifying cert for this to be true, per recoveryact, are they willing to do so for older models?? other makers aren't!! i know i have asked