Have you ever wondered, “what is my skid steer worth?” If you’re ready to upgrade to a newer model or simply no longer need your skid steer loader, it may be time to part ways. Whether you are looking to sell it or trade it in, it’s in your best interest to determine its value, even if only an approximation. Just as you wouldn’t put your house up for sale without researching recent local listings, you should always perform your due diligence before listing your machine.With the make, model, year, and hours – you can compare it to other machines sold in your area. This should give you a pretty good idea of what your skid steer is worth. Information about vehicle sales and prices can be found on the following sites:
eBay is a great place to build a baseline for your machine’s value. While the site lacks certain features, like allowing you to search by hours, you can narrow your search to “sold items.” This means you don’t just get information about what sellers eBay is a great place to build a baseline for your machine’s value. While the site lacks certain features, like allowing you to search by hours, you can narrow your search to “sold items.” This means you don’t just get information about what sellers want; you get information about what buyers have actually paid for machines like yours in the past.
To use this site, enter the make and model of your machine in the search bar on the eBay homepage’s top. Then select the “sold listing” box on the bottom left-hand side of your screen (see image).
You can then click on each sold item to see if the specs match your machine.
Machinery Trader is specifically geared towards construction equipment sales and has several user-friendly options to help you search for information. The volume of equipment sales on this site means you should find at least one machine that matches yours.
You can either do a general search for your make and model or click “detailed search” to find vehicles closely matching your unit. When you are looking at listings, the prices are what sellers want, not necessarily what they are going to get.
Iron Planet lists a wide variety of vehicles, from excavators to sports cars. You can search by make, model, year, and state. This is a handy feature to determine what your skid steer loader will go for in your area. You can also choose to view “sold items.”
While these three sites should help you answer your original question, “what is my skid steer worth?” there are several similar resources out there, including Ritchie Bros Auctioneers and Google.
Another option is to call local equipment dealers. Many will be happy to help you determine your equipment’s value and may even make an offer themselves.
While your research might give you a general idea of a good sale price, the market for used equipment may change drastically from year to year or even from state to state. If your vehicle has been listed for a while, consider lowering your price slightly, as the market in your area may have changed.
“There is no magic app to tell you exactly how much your machine is worth. The value of used equipment is basically what people are willing to pay. The best you can do is to make sure you do your research and list your machine at a competitive price,” said Marketing, Director of Marketing at Durante Rentals.
For additional questions or to ask about replacing your used skid steer loader, call 1-800-DURANTE or check out our skid steer page here.