Heavy Equipment Appraisal: 3 Things to Know
The three things owners and lenders should know before relying on any construction or heavy equipment valuation: hours and history outweigh calendar age, the market is national rather than local, and condition is verified on site.
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Transcript
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Buying, selling, or financing heavy equipment? Three things decide what the iron is really worth.
One. Hours and history outweigh age. Two machines from the same year can sit thousands of hours apart. Meters, maintenance records, and wear tell the truth.
Two. The market is bigger than your county. Iron travels, and a defensible value reflects the national dealer and auction market, not one seller's asking price.
Three. Condition is verified on site. Serial numbers, undercarriage, and attachments, all inspected in person.
Lukes and Lukes appraises construction and heavy equipment nationwide. Excavators, dozers, lifts, and whole fleets. Independent inspection, USPAP compliant reporting. lukesappraisals.com.
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