Getting an accurate value for used equipment isn't always simple. Purple Wave's team of equipment experts have decades of experience and access to large databases of real-life sales information. We deliver informed, dependable valuations quickly and efficiently.
This valuation is our fastest option. Contact us for quotes on large groups of assets. When we get the required information for your appraisal, we will assess its value promptly. Option 1 includes one of three values: Fair Market Value (FMV), Orderly Liquidation Value (OLV), or Forced Liquidation Value (FLV).
Option 2 is available for more comprehensive evaluations. It provides fast, cost-effective appraisals that include all three values: FMV, OLV, and FLV.
For more extensive needs, our team of certified experts is available for on-site appraisals. This option also allows us to capture your specific appraisal needs in a more personalized fashion.
Purple Wave is committed to providing the highest level of appraisal services. For clients with more stringent requirements, our USPAP certified team can come to your site to conduct an appraisal that adheres to the Uniform Standards of Professional Appraisal Practice (USPAP).
Is there a blue book value for tractors, semi-trucks, or construction equipment?
No, there is no quick reference guide for ag, construction or fleet evaluations like Kelly Blue Book offers for the automotive industry. However, there are other ways to get an idea how much your equipment is worth. You can search for similar equipment on Purple Wave and filter by year for past auctions. This will show you what similar items have sold for in the past on Purple Wave. If you want a more accurate appraisal for what your machine could sell for, Purple Wave Appraisal Services uses an in-depth process that will render precise numbers you can trust.
Who should use Purple Wave Appraisal Services?
There are many types of people who would benefit from accurate appraisals on their equipment. Ultimately, knowledge is power and knowing how much your equipment is worth can help inform important decisions. For example, Business owners need valuations for insurable value, selling, financing, expansion and strategic growth. CPAs need valuations for tax purposes, corporation conversions, estate and gift planning, trusts and more. Bankers and lenders need valuations in support of loan and lease decisions to substantiate and collateralize a loan. Attorneys need valuations to substantiate accurate and realistic values that withstand IRS and court scrutiny.
What are the differences in the types of values?
Forced Liquidation Value (FLV) refers to the monetary worth of an asset in a specific scenario where a single seller must sell the asset quickly and has limitations on where they can sell it. Orderly Liquidation Value (OLV) refers to the estimated monetary worth of an asset in a specific transaction scenario. In this scenario, a single seller is given a reasonable amount of time to find one or more buyers for a liquidation sale. Fair Market Value (FMV) appraisals are used in situations where both parties are willing participants in the transaction that is taking place on an open market. Because there is no urgency or compilation to sell, FMV valuations are also often used in business valuations, donations of property and in legal disputes.
Whether you’re selling, buying, lending or determining the worth of an estate or business — you can’t afford to get heavy equipment values wrong. With advanced technology, deep industry-specific data sources, and a team of skilled and knowledgeable professionals, you can trust Purple Wave to get it right.
