Uncategorized Archives - Page 3 of 3 - VENANGO MACHINERY EQUIPMENT & APPRAISALS

About Us

by venequipUncategorized July 22, 2024September 16, 2024No Comments

About Venango Machinery Equipment & Appraisals

Venango Machinery Equipment & Appraisals is a family-owned business founded in 1994 in Northwest Pennsylvania. Whether it’s Cat, Case, Hitachi, or John Deere—with over 30 years of experience in the industry, we know how a good piece of used heavy equipment should look, feel, and run.

What makes VME different? We look at a lot of used heavy equipment and don’t just accept every one we see. We’re choosy because we only sell machinery we would want to buy ourselves. No BS. You’re not going to hear “The tracks are 70% good!” — if they’re only 40% good.

Why? Because we value our reputation. We recognize every customer is different and every job has a unique set of needs. Our knowledge and expertise of different types and brands mean delivering what you want—the best quality used equipment available at an affordable cost.

Why? Because our reputation stands for good quality. In this day and age when business is no longer done with ‘just a handshake,’ we want you to have the confidence to say, “This machine was everything you said it would be!”

Why? Because good quality is good business. And good business is all about our reputation. And our reputation is all about our good name.

Bob, with 30+ years of experience, is a member CSA with the EANA (Equipment Appraiser’s Association of North America) & ASA (American Society of Appraisers).

We want to make your decision easy. If you need a qualified appraisal, equipment analysis, or are looking for a specific piece of used heavy equipment, Venango Machinery Equipment can help.

Contact Us

Whether you need a heavy equipment appraisal for just a few pieces of machinery or an entire fleet, we can help. Since 1994, Venango Machinery Equipment & Appraisals has been providing unbiased and accurate equipment appraisals. With over 30 years of industry experience, Bob, our Certified Senior Appraiser (CSA) and member of EANA (Equipment Appraiser’s Association of North America) & ASA (American Society of Appraisers) ensures that our appraisals meet the highest standards.

BLOCK – HOMEPAGE SLIDE – Industries Served

by venequipUncategorized July 22, 2024September 16, 2024No Comments

MANUFACTURING

Plastics, Metal & Metal Fabrication, Powdered Metal

CONSTRUCTION

Yellow Iron, Cranes, Aggregate Processing Systems, Paving

TRANSPORTATION

All Trucks, Trailers, Fleets

MARINE

Workboats, Pushboats, Barges, Dredges

BLOCK – HOMEPAGE SLIDE – Industrial Equipment Appraisals

by venequipUncategorized July 22, 2024September 16, 2024No Comments

Venango Machinery Equipment & Appraisals is qualified to provide an unbiased and CONFIDENTIAL report for Industrial Equipment Appraisals using the guidelines set forth by USPAP (Uniform Standards of Professional Appraisal Practice). Conducted by a Certified Senior Appraiser (CSA) our goal is to serve clients fairly, efficiently and with accuracy.

BLOCK – HOMEPAGE SLIDE – Heavy Equipment Appraisals

by venequipUncategorized July 19, 2024September 16, 2024No Comments

Excavating and Heavy Construction Equipment

Drilling Rigs and all Support Equipment (Oil & Gas Field, Water)

Trucks and Trailers (Transportation Equipment)

Are you buying or selling heavy equipment, or do you need a valuation for insurance, tax purposes, refinancing, or mergers and acquisitions? Venango Machinery Equipment & Appraisals is your go-to expert. We specialize in providing unbiased and confidential heavy equipment appraisals, following the USPAP (Uniform Standards of Professional Appraisal Practice) guidelines. Conducted by a Certified Senior Appraiser (CSA), our appraisals are fair, efficient, and accurate. We can appraise the following types of equipment:

Heavy Equipment Appraisals

by venequipUncategorized July 7, 2024September 20, 2024No Comments

Heavy Equipment Appraisal

EXCAVATING and HEAVY CONSTRUCTION EQUIPMENT APPRAISAL

Excavators
Pavers
Crawler Cranes
Compactors

Dozers
Rollers
Truck Cranes
Pans

Backhoes
Graders
Pile Driving Equipment
Off road haul truck

DRILLING RIGS and ALL SUPPORT EQUIPMENT APPRAISAL (Oil & Gas Field, Water)

Rotary Drilling rigs
Service rigs
Bailing machines
Drill pipe

Frac tanks
Mud pumps
Cable Tools
Substructure

Compressors & Boosters
Dog houses
Misc Tooling
Other support equipment

TRUCKS and TRAILERS APPRAISAL (Transportation Equipment)

Dump Trucks
Semi-Trailers
Roll-offs

Mixer Trucks
Bulk Trucks
Utility Vehicles

Over-the-road Trucks
Misc Trailers
Related Vehicles

Contact Us

Industrial Equipment Appraisals

by venequipUncategorized July 5, 2024September 17, 2024No Comments

Industrial Equipment Appraisal

MANUFACTURING EQUIPMENT

CNC Machine
Lathes
Milling machine
Presses
All Specialty Handling Tools

Surface Grinders
Machining Centers
Welders
Plasma Cutter
Brakes

Overhead Cranes & Hoist
Powder Coat & Heat Treat Furnace
Dust Collection systems
Inspection Tools

Contact Us

Block – Contact Us

by venequipUncategorized July 4, 2024August 6, 2024No Comments

Contact Us

What is an Equipment Appraisal?

by venequipUncategorized July 3, 2024September 20, 2024No Comments

What is an Equipment Appraisal ?

Why Should You Appraise Your Equipment?

Valuation for Purchase or Sale: Determine the true market value before buying or selling equipment.
Financing or Re-Financing: Secure loans or re-finance existing ones with accurate equipment valuations.
Liquidations: Obtain precise values for liquidating assets.
Insurance Purposes: Establish correct insurance values to protect your investments.
Mergers, Buyouts, & Acquisitions: Facilitate smooth transitions with clear equipment valuations.
Estate Planning & Settlement: Ensure fair distribution of assets in estate planning.
Litigation: Support legal cases with dependable equipment appraisals.
Tax Purposes: Accurate valuations for tax reporting and compliance.

Types of Appraisals Offered:

Insurance (Replacement) Value: Value to replace equipment with new equivalent.
Fair Market Value: Current market value under normal sale conditions.
Fair Market Value-In Use: Value of equipment as part of an ongoing operation.
Fair Market Value Installed: Value of equipment including installation costs.
Orderly Liquidation Value: Expected value if sold in an orderly manner.
Forced Liquidation Value: Value in a quick sale scenario, often under duress.

Comprehensive Inspection Reports Include:

Detailed Written Report: Thorough documentation of equipment conditions.
Electronic Report Format: Convenient digital copies of all details.
Verification Details: Includes make, model, serial number, mileage, or hours.
Photographic Evidence: Photos of each piece of equipment where available.
Compliance with Standards: All reports adhere to USPAP (Uniform Standards of Professional Appraisal Practice) and the guidelines set by the Appraisal Ethics Commission.

Contact Us

The Appraisal Process

by venequipUncategorized July 2, 2024September 20, 2024No Comments

The Appraisal Process

Initial Consultation:
Discuss the client’s needs and requirements for the appraisal.
Engagement Letter:
Clients receive an Engagement Letter outlining the scope of work, special instructions, and terms.
No work or billing will commence until the signed Engagement Letter is received.
Preparation:
For On-Site Inspections: Clients provide necessary paperwork and a point of contact.
For Desktop Appraisals: Clients provide required documentation and relevant details.
On-Site Inspection (if applicable):
Conduct a thorough inspection of the equipment, taking necessary notes and photographs.
Research and Analysis:
Perform detailed research and market analysis to determine accurate values.
Final Report:
Incorporate any feedback from the client and finalize the appraisal report.
Deliver the final report, including detailed conditions, assumptions, and a comprehensive valuation summary.

Fee Statement:
Note: The fees charged for all appraisal services are NOT based on a percentage of the reported values. They are based on the amount of research involved, plus any travel or necessary expenses. A 4-hour minimum charge applies.

Contact Us

On-site OR Desktop Appraisals?

by venequipUncategorized July 1, 2024September 16, 2024No Comments

On-Site - OR - Desktop Appraisal ?

On-Site Inspection Appraisals

Venango Machinery Equipment & Appraisals (VMEA) provides thorough on-site inspection appraisals, also known as field appraisals. Our expert appraisers visit your location to assess the equipment firsthand. This process involves taking detailed photographs and gathering critical information such as the manufacturer, model, and serial number. We document the equipment’s condition, features, and specifications that affect its value. Adhering to the Uniform Standards of Professional Appraisal Practice (USPAP), our appraisals ensure a meticulous and credible valuation. While this inspection is limited to visible aspects without specialized testing, it offers a comprehensive and precise assessment of your equipment’s worth based on a visual review.

Off-Site Desktop Appraisals

For a more economical option, VMEA offers off-site desktop appraisals. These appraisals, also known as desk or uninspected appraisals, are conducted without a physical site visit. Instead, we rely on detailed information provided by you, including equipment lists, photographs, invoices, and other documents. Using this data, our appraisers evaluate the equipment’s value from our office, maintaining compliance with USPAP standards. Even without an on-site inspection, our desktop appraisals deliver a detailed and accurate valuation, provided the supplied information is comprehensive and well-organized. This method is an efficient alternative when an on-site inspection is not feasible, ensuring you still receive a professional and precise appraisal.