07 June 2012

A Guide To Valuing Your Ride On Mower

If you have been thinking about selling your old ride on mower, you may be wondering what it is worth. Fortunately, there are a number of ways that you can determine how much someone will be willing to pay for your old machine, ensuring that you don’t ask for too much (or too little). Use these tips to ensure that your valuation is correct:

  • Find out how much your mower is worth brand new, which is known as the list price (this does not include discounts). You should be able to locate this price on the manufacturer’s website.
  • Calculate how much your mower has depreciated over the time that you have owned it. On average, it will depreciate in value by around 14.3 per cent for every year that you own it. Multiply 14.3 by the number of years that you have owned the machine, then multiply this number by the list price and divide by 100. This is how much it has depreciated, so subtract it from the list price.
  • Find out how much your mower is selling for used by checking out online auction websites (such as eBay) and the trading post newspaper. This will give you a good idea of what people are willing to pay.
  • Consider whether your mower is subjected to any faults or needs any repairs, as this will decrease its value even further (unless you are willing to fix them before sale).

Once you have looked at all the above factors and made the necessary calculations, you will be in a much better position to understand how much your old ride on mower is worth. Also remember that they key to receiving the best price for your mower is to ensure that it is thoroughly cleaned before sale.

Posted by: John in Ride On Mowers