Posted by jim both on 16/12/2012 13:47:41:
How much would my latest lathe have cost if it was made in the UK, (chester crusader), £10,000 or more????
Jim, can't answer your question directly but i do have a similar scenario.
10 years ago, approx I wanted a medium sized lathe, something like a big student / master etc
Went to loads of auctions and all i saw were clapped out machines with noisy gearboxes, literally wasted two working weeks going to different auctions so fact that cost in for a start.
Realised I was looking for something I didn't know the real value of so Rung Colchesters up and asked the price which without equipment would have been between £10,000 and £11,000 and to be honest was pushing the budget too far.
Rang Excel at Coventry [ no connection ] and asked what they had. Was given the choice between a Chinese lathe 7" centre x 36" or a TOS at 7 1/2" x 39 and invited down to try out under power.
Went down and was stumped at making the choice, price wise it varied by about £200 but at this level price should not be a deciding factor.
The Chinese lathe was better finished, quieter and seemed smoother than the TOS. Also combined metric / imperial
The TOS had an advantage in 40mm spindle bore instead of 38mm and a MT4 tailstock instead of MT3. Paintwork was one coat on top of bare metal. TOS was metric only, imperial by change wheels.
Both came fully loaded but the clincher was the TOS was nearly twice as heavy as the Chinese machine
Bought the TOS. £5,400 fully loaded and delivered right up to the door. Incidentally that was the base price of a Myford 254 at the time with no attachments.
Two weeks later got a phone call from Colchester to see if i was still interested, when I said I'd bought the TOS he was horrified. His argument was that the TOS would devalue to nothing whilst the Colchester would still have a decent price.
My reply was I expected 10 working years and in 10 years what would the Colchester be worth ? He guessed £3,000 but If the TOS went for only £250 as pure scrap I would still have been many thousands in pocket.
I still have the TOS, it's my daily grind, it 10 years it has cost me a roll pin in the clutch lever, a roll pin in the traverse lever, one rely [ not the machine fault, we had a power cut whilst under power ] and a new cross slide nut. There is hardy any paint on the carriage, in fact most of that went within the first two months but this machine has earn some serious coin.
The guy from Colchester was more interested in it's resale value than what it could earn.