Professional Machinery Valuation
AmerEquip International is a worldwide leader in buying and selling all types of machinery. From processing equipment, to packaging machines, to pharmaceutical machinery, we buy and sell it all! And how do we do that? With our professional machinery valuation. Our appraisals are spot-on and help us make money on what we buy and sell. And it builds a trust with our customer base, who knows they can rely on the machinery or equipment they purchase.
Sell Machinery & Equipment Before Too Late
When it comes to machinery valuation, it is often a missed opportunity. You can easily overpay or undersell if you are not experienced about the machinery. Or when it comes to actually using the machinery or equipment, many businesses and companies often run them into the ground and simply get rid of them. Not realizing that there is value in selling a used piece of equipment. Having old equipment can be turned into a form of revenue and used to upgrade to newer equipment. But one must realize the potential of the older equipment.
There are certain important benefits when you handle the buying and selling of older equipment. Such as when an insurance claim comes in or there is a potential sale. As part of these undertakings, an appraisal is likely necessary to find out the total worth and if you have older machinery you are potentially losing value. So when you sell older machinery and equipment, you are keeping your company and business in better standing.
Steps To Determining the Value
Our team of professional appraisers will provide unbiased valuations. We have years of experience handling appraisals and have built up a trust with our clients. Valuations are a complicated process. When we handle such a task, we may follow a few steps. Let's take a look at those simple steps:
- We may look at the original cost of the equipment to check for depreciation.
- Asses the age of the equipment and its current condition.
- Calculate its estimated earning ability.
- If necessary, attempt to determine the cost to replace or reproduce the equipment.
At the end of the day, the values for the equipment and machinery may range from what it would cost to reproduce the equipment with new machinery all the way down to what its value would be if you wanted to scrap it.
Approaches to Determining Value
Ultimately, the goal of a professional valuation is to provide accurate and detailed information to help make future decisions and buying habits. Aside from those couple steps, there are also a few different approaches commonly used to determine the value of equipment.
The Cost Approach
For the cost approach, you can use it most often for such purposes as an outright sale or for tax reporting purposes. This approach of valuation begins as a general assessment of what it could cost to reproduce or replace the machine. Then moves to deduct all forms of depreciation. While doing all this, the valuation considers all factors, such as age and condition, in order to determine an accurate estimated value.
The Sales Comparison Approach
When it comes to the sales comparison approach, the appraisal will compare the value of the current machinery and equipment to recent sales and offering prices for similar pieces of equipment and machinery. Once this review is complete, the value of the equipment or machinery goes up or down depending on the condition of the current item.
The Income Approach
Lastly, we come to the income approach, which attempts to determine the present worth of the future benefits of using this piece of equipment or machinery. So future ownership of the item is weighed into the value of it.
Get A Valuation For Your Equipment
Are you looking for someone to provide an accurate valuation for equipment or machinery you are trying to sell? Turn to the staff at AmerEquip! We have years of experience handling appraisals and valuations. Learn more about our equipment appraisal and how it works.
Request Quote or Appraisal
For more information about all of our services and offerings, please reach out to us today! The number for our office is 845.628.8824. When you call, we can provide you with a fair and accurate valuation that meets professional standards.