Waaaaay overpricedDennyH said:How do you guys determine the value of a tm..04 blueline champ 1200hrs in a 97 ford he is asking 16,000...The van is worth about 3000..I cant get no info on a blueline champ....THANKS FOR YOUR HELP...
Jamesh921 said:Mark Imbesi had a NICE Powermatic for sale. Did he sell that unit? If not, your might look into it. My Powermatic absolutely ROCKS.
TomKing said:We have purchsed 2 small companies in the last year. Here is how we have valued the equipment. Each owner thought he had more before I made my presentation.
The van it self should be valued by Kelly blue book. I use the rates for sale by individuals. You should also value it as "good" few vehicles are excellent. If it has any rust in the truck I would only value it as fair. The bottom line for value is if you wrecked it on the way home what would your insurance company pay. Opinion does not matter.
The truck mount should be devalued by 10% per year if it has average hours. You should also use the price that was paid for the unit not what you can buy one for today.
Accessories I only pay 40% of original cost if they are over 5 years old. 50% original cost if they are newer than 5 years.