Most equipment owners plan to sell heavy equipment before the end of its useful life. But in actuality, most machines are sold when circumstances dictate: at the end of a big project slow times, very low usage of equipment, or fleet realignment upon the equipment owner’s retirement to fund the purchase of more specialized equipment to upgrade to newer model(s) Tips to help you get the best price when selling equipment Getting the best price when selling used heavy equipment and trucks depends on many factors, including supply and demand, brand recognition, marketing expertise and access to buyers. But the condition of the machine also plays heavily into the final selling price. While you have no control over market supply and demand, you can take steps to maintain the resale value of your heavy equipment. Here’s how: Schedule regular and preventive maintenance Regularly scheduled and preventive maintenance is essential for keeping equipment operating at optimum levels, but it also speaks volumes to prospective buyers about a machine’s worth. And well-maintained equipment holds its value on the market better than machines with spotty maintenance history. Tip: Document all maintenance, service and repairs in a log book, and keep invoices if applicable. When it comes time … Continue reading How to maintain the resale value of your heavy equipment