Heavy Equipment Price Reference Guide
Top Bid’s Price Reference Guide helps you reliably value used equipment. Top Bid’s auction results are highly standardized and verified. We double check all auction listings to ensure the model number, serial number, and year of manufacture agree. How much does this matter? Fixing these errors routinely changes valuations by several thousands of dollars.
Top Bid routinely corrects errors in auction results, often fixing data errors that exceed 40% of the auction items. When the model numbers, models years, and equipment categories are incorrect, it leads to invalid comparisons. For example, if you want to value a 2007 model, but the auction incorrectly lists a comparable sale as a 2008 model, you’ll be using a less reliable value. You want to compare apples-to-apples, and Top Bid ensures this is easily done with high-quality data.
Ensure that every deal you make on for sale heavy equipment is a great deal for you. In fact, overpaying for a single piece of used equipment by just 1% will cost you more than your investment in Top Bid’s Price Reference Guide.
Example: Using competitor data to value a 1999 Caterpillar 345BL Excavator changes the value by $2,458:
| SOURCE | VALUE |
|---|---|
| Top Bid | $44,375 |
| Competitor Data | $46,833 |
| Amount Over-Valued | $2,458 (5.5%) |
*Notes: Auction item data sourced from Top Bid’s Price Reference Guide and a competitor’s guide over a 6 month period.
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