Many
people are running into the same problems when trying to find the right
price for used heavy equipment. With no pricing resource, how do you
know you’re making the right decision when purchasing or selling used
heavy machinery?
There are limited resources available to price your used heavy equipment. Hopefully this helpful information will guide you to making the right decision when determining the right price to buy or sell.
There are a few options you can choose from:
There are limited resources available to price your used heavy equipment. Hopefully this helpful information will guide you to making the right decision when determining the right price to buy or sell.
There are a few options you can choose from:
Step 1: OPTION 1
You can go to Ritchie Bros Auction and compare the equipment they have posted on their website if you have your machines’ make, model and year. The problem; however, is their site is not user friendly. It is very difficult to pull the pricing data.
Step 2: OPTION 2
There are excellent pricing resources on the Equipment Watch website; however, the cost will be approximately $2,000 dollars. For a rental company or dealership, this makes sense, but for the individual this is simply not an option.
Step 3: OPTION 3
There is a free pricing resource, Expert Heavy Equipment Inc. This service is one of the best kept secrets for pricing heavy machinery! This pricing resource uses third party market data for confirming the fair market value. The only challenge is it may take longer than 5 minutes to get the information you need.
You can go to Ritchie Bros Auction and compare the equipment they have posted on their website if you have your machines’ make, model and year. The problem; however, is their site is not user friendly. It is very difficult to pull the pricing data.
Step 2: OPTION 2
There are excellent pricing resources on the Equipment Watch website; however, the cost will be approximately $2,000 dollars. For a rental company or dealership, this makes sense, but for the individual this is simply not an option.
Step 3: OPTION 3
There is a free pricing resource, Expert Heavy Equipment Inc. This service is one of the best kept secrets for pricing heavy machinery! This pricing resource uses third party market data for confirming the fair market value. The only challenge is it may take longer than 5 minutes to get the information you need.
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