How to Price Used Equipment

by Jamie Lisse; Updated September 26, 2017

When you get ready to sell a piece of used equipment, you need to know the market value of the item. Knowing the market value lets you decide how to price your used equipment. Demand and supply are what drives market price, which means it can change at any time. Whether you are selling used farm equipment or other used equipment, determine a good price for the item in the same manner.

Step 1

Inspect your equipment to look for any damage that lowers value. If there is damage that can be fixed, consider making repairs.

Step 2

Use a value guide, if one exists for your specific equipment. For instance, if you have musical instruments or computer equipment, use the UsedPrice.com website. For farm equipment, use IronGuides.com or IronSearch.com.

Step 3

Look for similar equipment listed for sale in your area by browsing local newspaper classified ads or checking online at Craigslist or eBay. The prices you see others selling for is a good indicator of how you can price your used equipment.

About the Author

Jamie Lisse has been writing professionally since 1997. She has published works with a number of online and print publishers. Her areas of expertise include finance and accounting, travel, entertainment, digital media and technology. She holds a Bachelor of Arts in English.