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Craftex CT042 Lathe -1440 GH Ajax, Ontario

TorontoBuilder

TorontoBuilder

Ultra Member
I don't know who can actually take advantage of this, I don't know if it will end up being much of a deal once all the fees are paid given the bloated minimum bid of $3500 and the likely need to hire professional riggers in order to be able to comply with the removal and insurance terms, but here none the less is a Craftex CT042 lathe up for auction at govdeals website.

It has not been in service for almost 5 years, but that means it hasn't been abused for 5 years and it was only used for maintenance purposes as well which is desirable. The HP is a little on the low side, and busybee quality isn't what I'd want it to be.

The requirements are extensive and really only possible to comply with as a business...

The purchaser must be able to lift and move out from shop at own cost, no Durham Region equipment to be used to remove item

The seller will require the successful bidder to submit an insurance certificate with Commercial General Liability Insurance ($5,000,000.00) and Owned and Non-Owned Automobile Insurance ($2,000,000.00). **IMPORTANT** the insurance certificate shall note the Regional Municipality of Durham as Additional Insured and give us 30 days written notice of any changes, cancellation or termination of the policies. We also require a current copy of the Workplace Safety and Insurance Board Clearance Certificate as provided by the Ontario Workplace Safety & Insurance Board. Once you have obtained the required insurance Certificate and WSIB Clearance Certificate they shall be submitted via email

www.govdeals.ca

Craftex CT042 Lathe - govdeals.com

GovDeals' online marketplace provides services to government, educational, and related entities for the sale of surplus assets to the public. Auction rules may vary across sellers.
www.govdeals.ca www.govdeals.ca


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Jesus, even for myself as contractor that's a pain (if I were in Ontario), special rider, equipment rental, any help would have to basically be an employee (WCB coverage), probabaly have to submit a procedure for removal...


At 3500 start, fees, tax, the cost of removal, better off to go buy a new one...at least they retailer will load it for you and you don't have to submit paper work and jump through who knows how many actual hoops

For Ontario that's badly priced imo
 
Questions and Answers
Q: As a private individual and metal working hobbyist rather than a business, how can a WSIB clearance certificate apply or even be obtained. If is cannot be contained how is this auction fair to the general public? Can individuals comply by acquiring the insurance coverages only for the time period of the equipment removal only? Failing that what options are there for individuals to comply with these terms. (12/1/22 9:45 PM)
A: this is something that has to be adjusted in ad, as parts of it are generic, sorry about the confusion (12/1/22 9:48 PM)
 
Darren said:
Questions and Answers
Q: As a private individual and metal working hobbyist rather than a business, how can a WSIB clearance certificate apply or even be obtained. If is cannot be contained how is this auction fair to the general public? Can individuals comply by acquiring the insurance coverages only for the time period of the equipment removal only? Failing that what options are there for individuals to comply with these terms. (12/1/22 9:45 PM)
A: this is something that has to be adjusted in ad, as parts of it are generic, sorry about the confusion (12/1/22 9:48 PM)
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Yeah I asked the question... and even with the answer, it still wont likely be a good deal when all is said and done. It's not a model renowned for it's quality and accuracy after all.

I've asked about accessories, because none are shown aside from the 3 jaw chuck mounted on the spindle... so look forward to that reply sometime today unless the poster took the day off.
 
Definitley not a good deal after you factor in taxes and fees. Much better deals elsewhere.
 
Okay so we've officially entered the realm of what the hell are they thinking with that opening bid...

Q: This machine was typically sold with a face plate, a 4 jaw chuck, a 3 jaw chuck, follow rest, steady rest and a few other parts. Does it come with any of these now, perhaps they're inside the built in cabinet? Can someone check and post photos of any accessories not yet shown (12/1/22 11:41 PM)

A: i just went and looked at it and any door on unit is bolted and not a cabinet door so i do not see any other items, hope this helps (12/2/22 1:28 PM)
 
This sold for the minimum bid

The pick-up stipulations were all removed.

The lathe is basically brand spanking new with cosmoline on many of the parts. It was an okay deal, but not a killer deal.
 
TorontoBuilder said:
This sold for the minimum bid

The pick-up stipulations were all removed.

The lathe is basically brand spanking new with cosmoline on many of the parts. It was an okay deal, but not a killer deal.
Click to expand...

I looked a little into what that lathe is...after fees and such that would be an decent deal around here, that's a 2000lb machine, not the regular 1000lb 1440 import
 
phaxtris said:
I looked a little into what that lathe is...after fees and such that would be an decent deal around here, that's a 2000lb machine, not the regular 1000lb 1440 import
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It is 1650 pounds to be more precise, but yes it met our minimum weight requirement of 1500 lbs. Mass is good.

It also met our requirement to either be little used or of very high quality. We will tear it down, inspect and replace the cheap Chinese bearings with precision bearings from a good supplier. We can also predict how this will perform based on your long experience with our busybee 12x37.

It was only $1000 more than what the old one sold for. We can't complain. It leaves us many options and gets an operational lathe back in the shop asap.
 
I don't think that even in the same universe as a bb 1237, I'm sure you'll be happy with it :)
 
TorontoBuilder said:
It is 1650 pounds to be more precise, but yes it met our minimum weight requirement of 1500 lbs. Mass is good.

It also met our requirement to either be little used or of very high quality. We will tear it down, inspect and replace the cheap Chinese bearings with precision bearings from a good supplier. We can also predict how this will perform based on your long experience with our busybee 12x37.

It was only $1000 more than what the old one sold for. We can't complain. It leaves us many options and gets an operational lathe back in the shop asap.
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I have almost the same size and weight 1440. You could add rigidly by adding a plate above the stands. I think so... What do you think? Make it out of plate steel and have it cutout for the Chip tray... add some serious weight..
 
phaxtris said:
I don't think that even in the same universe as a bb 1237, I'm sure you'll be happy with it :)
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I'm still hoping that there is a taper attachment with this... one can dream

Aburg Rapid Prototype said:
I have almost the same size and weight 1440. You could add rigidly by adding a plate above the stands. I think so... What do you think? Make it out of plate steel and have it cutout for the Chip tray... add some serious weight..
Click to expand...
I don't think we need any more weight now.

For my comfort I think 1500 to 1700 lbs for a machine tool is the sweet spot I am most comfortable with.
 
Okay, who wants this nearly brand new lathe for exactly what we was paid for it? It was a very good deal PLUS as a bonus we will throw in new quick change tool post, tool holders and an indexable turning tool set with retail value of $425.

You can also verify on the GovDeals website exactly what we paid, and see that one reason we got such a good deal was that the lathe was listed as not having any accessories when in fact when we did physical inspection prior to close of the auction we found that it came with over $1000 worth of unlisted accessories. 4 jaw chuck, face plate, follow and steady rests.

So why the hell would we sell the lathe and extra tooling at a loss?

Because we just bought a Colchester Master 2500 lathe, the CT42 is now surplus along with the BXA post and holders, and we are fair honest people who like to help other hobbyists and not in the machine tool business trying to profit off of fellow hobbyists. We just want to pass along a decent lathe at a good price to someone who will appreciate it.

But wait, can't we use the BXA tool post and holders on this Colchester lathe you ask? Well sure, but that would be stupid when it comes with a Rapid Original Type A tool post and about 6 holders, and as I suspected that it the same size tool post I recently acquired that came with 19 tool holders. So our gain means we can help someone else get a nice deal. We could sell that post, holders and tool separately but we need to move this lathe out and it makes better sense to have this as an incentive.

ps, you may recall the same lathe without the tool post, holders and indexable tools came up on facebook for $3500 and sold immediately
 
For people's pricing reference, our craftex lathe and many accessories were offered for sale at $4200 to members of two metal working forums, and approximately 2 days afterwards was offered to the general public via Kijiji and facebook marketplace for $4600.

I had over 15 replies from potential purchasers within the first 12 hours. I had 7 replies offering to send immediate deposits in varying amounts from $500 to $2000.

As is my normal practice I respond to replies in the order which I receive them. The first reply simply asked "Is the price negotiable?" I responded "You're kidding, right?" and moved to the next reply.

That potential buyer messaged "Can you contact me at your earliest convenience. I want to buy your lathe." They included their full name and phone number. This to me indicates a serious buyer so I skipped my usual qualifying message and gave them a call. The buyer is from Quebec, and the lathe is sold for the full asking price of $4600 and the person is quite thrilled to have gotten such a deal. We spoke at length about prices and we both knew what lathes had come up for sale and were still available in his area.

There is a signed letter of intent to purchase including all the terms of purchase, and a small deposit of $250 to hold the lathe. If the purchaser does not come before March 20th there is another deposit required to hold the lathe longer. The buyer was/is planning to pick up the lathe Friday, however I advised them I do not want them to come on Friday due to an imminent storm that will bring 15 cm of snow and mixed freezing rain along their route. We'd waive the further deposit even. But they choice is theirs.

The ad had been up less than 1/2 hr.

I have a long list of other potential buyers hoping that the deal falls thru so they can get a shot to purchase.

I'd guess I could have priced the lathe as high as $4750 to $4900 and still been able to sell it quickly.

Also noteworthy, facebook marketplace generated about 75% more replies than kijiji. On the flip side several of the facebook replies seemed fishy, especially one that tried to send 2K deposit. This is the first time I listed on facebook marketplace in years, so I dont know if this was unusual
 
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TorontoBuilder said:
Also noteworthy, facebook marketplace generated about 75% more replies than kijiji.
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I confess I am surprised at this. That's certainly the case for farm equipment but I expected machines to be more Kijiji centric. I guess it's a numbers thing. More people use Facebook than Kijiji.

TorontoBuilder said:
On the flip side several of the facebook replies seemed fishy, especially one that tried to send 2K deposit.
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I almost every scam case I know of, the buyer offered a large down payment. Typically, they change their mind and want a refund. Meanwhile the deposit is phoney. You send them valid money, and their deposit bounces.
 
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