Whether you’re preparing to sell, planning an equipment upgrade, or making decisions about your farm or business, understanding your equipment’s value is a good place to start.
Age, condition, operating hours, maintenance history, features, attachments, and market demand can all affect value. Similar machines can have different values because of differences in use, upkeep, and configuration.
Is an appraisal the same as a purchase offer?
An appraisal provides an opinion of value for a stated purpose and date. A purchase offer is what a particular buyer is willing to pay. The final selling price can also depend on timing, negotiations, and how the equipment is marketed.
Do you need to see the equipment in person?
That depends on the equipment and the assignment. Contact us to discuss what information is available and whether an inspection is needed.
FAQ
Have questions about getting your equipment appraised? Here are a few answers to help you understand the process. If you don’t see your question below, give Phillips Equipment a call. We’ll be glad to talk through what you have and what you need.
