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Equipment values

Overwhelming stack of paperwork on a desk

Three reasons professional appraisers still use HeavyWorth valuations

HeavyWorth offers a variety of solutions to streamline the equipment appraisal process. These solutions are frequently provided in various combinations but all essentially fit into two buckets — software and services. Our software and mobile apps make it easy to capture information and organize it into reports to present to clients or for archival purposes. Our services are an efficient way to assign trusted values to equipment. Some of our clients employ a mixture of both our software and our services, while some only use one or the other.

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Picture of Case IH Cyclo 955 planter

Valuing options, add-ons and modifications

I've mentioned before that I operate a small farm when I'm not working for HeavyWorth. I recently installed a new electronic fertilizer flow monitoring system on an old planter. The value of this new fertilizer system is equal to a substantial percentage of what I recently paid for the old planter. I have no real need to assign a value to this planter any time soon, but I started thinking about how the value of an asset can be changed in ways that aren't related to specs, usage or age.

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Lineup of equipment

Repeat and recurring valuations

The HeavyWorth platform streamlines the valuation process, making it easier to assign accurate values to used equipment by organizing all the information in one place. We've examined how HeavyWorth saves time and improves accuracy for dealerships when they first value possible trade-ins, but today let's see how HeavyWorth's ability to catalog and store information can help with subsequent valuations of the same equipment for not only dealerships but other industries.

Aaron Traffas | Equipment values | February 21, 2022
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Bill Albaugh explains ways to get the most favorable valuation for heavy equipment

Owner preparation of equipment for valuations

A good equipment evaluator will consider all aspects of an asset when establishing a value, including how clean it is and how well it's been cared for. A little work ahead of time can make a big difference in getting the best valuation for used equipment. Listen to Bill Albaugh's thoughts on whether or not equipment should be prepared by the owner before an evaluation is performed.

Aaron Traffas | Equipment values | September 22, 2021
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Comparing retail prices for used ag and construction equipment

Prospective buyers of used heavy equipment frequently arm themselves with as much data as they can find before starting a discussion about price with a salesperson. They find other public listings both to try to decide for themselves what an asset is worth as well as to use to try to convince a salesperson to reduce the asking price. We asked Bill Albaugh how frequently dealers actually sell the equipment on their lots for the retail prices they listed.

Aaron Traffas | Equipment values | September 15, 2021
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