We love to share.

The latest HeavyWorth news.

Posts about:

Equipment values (2)

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
Read More
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
Read More
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
Read More
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
Read More
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
Read More