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Equipment values

Bill Albaugh explains why it's crucial for lending institutions to maintain current and accurate valuations for the collateral behind equipment loans.

Heavy equipment collateral valuations for lenders

One of the services HeavyWorth provides is trusted, third-party equipment valuations for lenders who might not have the ability to do proper equipment valuations for themselves. We asked Bill Albaugh why it is so important that lenders have current and accurate valuations of the equipment backing the loans for ag or construction equipment.

Aaron Traffas | Equipment values | July 21, 2021
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Bill Albaugh explains that there is still demand for equipment with engines that don't meet the Tier 4 emissions standards.

Current demand for engines that don't require DEF

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.

Aaron Traffas | Equipment values | July 14, 2021
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Bill Albaugh describes the process he uses to defend his valuations of heavy equipment to customers who claim the values are too low.

Defending equipment valuations to customers who insist the trade-in offer is too low

Often a producer or construction contractor looking to trade-in a piece of equipment is motivated to look for the highest value possible. It's common for such a customer to come to the table with preconceived notions of the value of the equipment based on a cursory search of for-sale listings on various websites or past auction results from local auctioneers. We asked Bill Albaugh what he says to a customer who is claiming his trade-in valuation is too low.

Aaron Traffas | Equipment values | July 7, 2021
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HeavyWorth evaluator reviewing photos to assign a reliable value

Equipment values from HeavyWorth

HeavyWorth provides a software platform for equipment dealerships to streamline their own evaluation processes and free themselves from the many disconnected tools that are trying to do the same thing - to put the right pictures and information in front of their evaluators. However, there are other industries like lenders, estate planners, attorneys and insurance companies who may not have professional equipment evaluators on staff. They need values assigned to equipment that isn't being remarketed or traded in, and they need a trusted third party to step in and help. Let's take a look today at what we call the HeavyWorth value.

Aaron Traffas | Equipment values | April 14, 2021
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Bill Albaugh explains time frame considerations when valuing equipment

Time frame considerations when valuing heavy equipment

Used equipment supply and demand changes — as well as commodity market fluctuations — can have a profound effect on equipment values. The same asset can be worth substantially more or less in a matter of months. Bill Albaugh sat down last fall to explain why it's always crucial for ag and construction dealerships to look to the future when placing values on their used equipment trade-ins.

Aaron Traffas | Equipment values | April 7, 2021
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Bill Albaugh, equipment valuation expert

The influence of location on heavy equipment valuations

When determining values of heavy equipment, some of the factors aren't related as much to the nature of the asset as much as they are about the ability of the asset to be matched by the local market. Bill Albaugh describes how an asset might or might not fit the local market based on demand and configurations, as well as how transportation costs might have a negative impact on the value of ag and construction equipment.

Aaron Traffas | Equipment values | March 31, 2021
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Bill Albaugh, dealer liaison

Used equipment market saturation concerns in 2021

It's important to have an eye on the market when valuing heavy equipment. We discussed the current market saturation of used combines earlier this month, but combines aren't the only asset type experiencing market saturation. Watch Bill Albaugh talk about some other asset types that are seeing market-induced constraints on values.

Aaron Traffas | Equipment values | March 17, 2021
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Bill Albaugh, HeavyWorth's dealer liaison

The current market saturation of used combines

A large part of the valuation process for farm and construction equipment is examining the condition, age, usage and specifications of the assets. But a proper valuation also takes into account the nature of the market and the supply or saturation of similar assets in the area. Watch Bill Albaugh describe what he is seeing regarding the current market saturation of used combines and how that consideration must impact the values of trade-ins of harvesting equipment.

Aaron Traffas | Equipment values | March 3, 2021
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