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
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.
Contact Us at (814) 758-0062. We are happy to discuss the appraisal process with you.