How to find the value of heavy equipment?

To find the value of heavy equipment, gather full identification: brand, model, year, serial number, attachments, and hour meter readings. Inspect condition (engine, hydraulics, undercarriage, tires, cab, electronics), maintenance records, and any rebuilds. Then:

• Check recent auction results and wholesale databases for the same or similar models.
• Review dealer and marketplace listings, discounting for asking vs. actual sale prices.
• Adjust for regional demand, transportation costs, and any specialized attachments.
• Decide if you need fair market value, trade‑in, or quick‑sale value and adjust accordingly.
• For banks, estates, or large fleets, a formal appraisal from a heavy‑equipment specialist is usually required. Keep a written record of your data and reasoning for future audits or disputes.

Learn more about our machinery appraisals.