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Setting Tool Condition and Pricing
Condition Ratings
- New: Unused or like-new condition, all accessories included
- Like New: Minimal use, fully functional, no visible wear
- Good: Normal wear and tear, fully functional
- Fair: Visible wear but functional, may be missing minor accessories
Pricing Guidelines
Daily rates on ToolShed typically range from 5-15% of the tool's purchase price. Higher-demand tools (pressure washers, tile saws) can command premium rates.
Replacement Value
Set an accurate replacement value: what it would cost to buy the same tool again today. ToolShed uses it to size the renter's security deposit and to cap any damage claim, so an accurate value protects you if a tool comes back damaged. See the damage protection guide for details.