How to Determine the Resale Value of Your Used Machine

Disposing of your used machine at the right time – and getting the best price for it – requires balancing several factors. Equipment World sat down with Logan Mellott, vice president of commercial operations for Ritchie Bros., and Doug Rusch, managing director of Ritchie’s Rouse Sales division, to discuss what goes into determining a machine’s resale value. “There are a handful of inputs that are critical to the resale value of a used machine,” Rusch says. “First and foremost is the make and model.” Different manufacturers sell at different price points; even different machine types made by an OEM can generate different levels of buyer interest. Four other data points go into this initial mix: READ FULL ARTICLE