Blog - Selling your fleet: evaluating the value of used equipment in the summer market (2024)

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{ if (key !== 'hideButton') { formData.append(key, value); } //formData.append(key, value); }); let request = { headers: { "Accept": "application/json" }, body: formData, method: "POST" }; let pageUrlParams = new URLSearchParams(window.location.search); if (pageUrlParams.has('t')) { request.headers.Authorization = 'Bearer ' + pageUrlParams.get('t'); } const response = await fetch('https://lyon.activehosted.com/proc.php?jsonp=true', request); return response.json(); } if (formSupportsPost) { submitForm().then((data) => { eval(data.js); }); } else { _load_script('https://lyon.activehosted.com/proc.php?' + serialized + '&jsonp=true', null, true); } } return false; }; addEvent(form_to_submit, 'submit', form_submit);})();
Blog - Selling your fleet: evaluating the value of used equipment in the summer market (2024)

FAQs

How to calculate the value of used equipment? ›

Sales comparison method

In the sales comparison method, an appraiser determines the equipment's value by researching the market for similar new and used equipment, and seeing what it has sold for. They may make adjustments for the equipment's age, condition, remaining useful life and other factors.

How do you calculate the selling price of equipment? ›

Using the formula selling price = (cost) + (desired profit margin), calculate the selling price with the following steps:
  1. Find the cost per item. ...
  2. Determine your desired gross profit margin. ...
  3. Plug these values into the formula. ...
  4. Interpret and apply the result.

How do you calculate used value? ›

How to Calculate Resale Value
  1. Step 1 ➝ Determine the Original Purchase Price.
  2. Step 2 ➝ Estimate Depreciation Rate and Useful Life Assumption (or Number of Years Used)
  3. Step 3 ➝ Subtract Depreciation Rate from 1 (i.e. Depreciation Rate)
  4. Step 4 ➝ Raise Resulting Figure to the Power of the Number of Years Used.
Jul 12, 2024

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