When the Tier 4 emissions standards began to require the use of diesel exhaust fluid, or DEF, in heavy equipment engines roughly a decade ago, we saw a prolonged demand for older equipment that didn't meet the standards. We asked Bill Albaugh if that demand still influences older equipment values or if enough time has passed that it's no longer relevant.
If you can find something low-houred and pre-Tier 4, so you don't have the expense of the DEF, those are still valuable pieces. The issue that you run into is the age thing is picked up to where those now have 5000, 6000, 7000, 10000 hours so your cost savings of not having DEF is going to get taken in to the fact that you may have a transmission or an engine that comes up in those. But if you can find a low-houred, pre-DEF, pre-Tier 4, non-DEF unit — still good value.
In addition to appraisal software for dealerships to streamline their trade-in valuation processes, HeavyWorth also offers turn-key evaluation services for lending institutions, companies, attorneys and anyone else who needs to know what equipment is worth but doesn't have equipment valuation experts on staff. We use our data and our experience to make sure we're accounting for all the factors that can influence the values of equipment. Learn more about our different valuation service offerings at https://heavyworth.com/services