Boom Truck Appraisal

5.0from 80+ client reviews
Boom truck appraisal services covering insurance coverage, asset-backed lending, and damage claims, prepared in accordance with USPAP. AppraiseItNow appraises telescoping boom trucks, knuckle booms, articulating cranes, bucket trucks, and crane trucks.

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DEFENSIBLE, USPAP-COMPLIANT BOOM TRUCK APPRAISAL REPORTS — QUALIFIED FOR THE IRS, INSURANCE AGENCIES, LENDERS, AND MORE.

  • U.S. Small Business Administration
  • Chase
  • Wells Fargo
  • Bank of America
  • Nationwide Insurance
  • U.S. Bancorp
  • IRS

The machinery and equipment team behind every report we write

Between them, our machinery and equipment appraisers hold CAGA designations, and every report is written to USPAP for the IRS, insurance agencies, lenders, and more.

Joe Kattan

Joe Kattan

Owner & CEO

Joe founded AppraiseItNow to make a certified, USPAP-compliant appraisal as simple to order as anything else online. A former Bain & Company strategy consultant, Joe leads the entire team and specializes in strategy, growth, and the firm's tech capabilities.

Jason Dolph

Jason Dolph

Machinery & Equipment Appraiser

Third-generation auctioneer and CAGA Certified Appraiser with more than 20 years valuing machinery, equipment, vehicles, business assets, and estates for banks, attorneys, and trustees across the Carolinas.

Marnie Erkelens

Marnie Erkelens

Vehicle Appraiser

CAGA Certified Appraiser since 2014, covering vehicles, boats, equipment, fine art, and collectibles. A classic-car restoration background informs her vehicle work, with reports prepared for insurance, divorce, and charitable contributions.

Aron Blue

Aron Blue

Client Success Manager

Manages each engagement from the first enquiry to the delivered report, and keeps you posted at every step along the way.

  • USPAPWritten to the Uniform Standards of Professional Appraisal Practice
  • Certified Appraisers Guild of AmericaCertified Appraiser
  • The Appraisal FoundationAuthorized by Congress as the source of appraisal standards
Standard
USPAPBoom truck appraisals are prepared to USPAP by independent, credentialed appraisers.
Value definitions
FMV, OLV, FLV, ReplacementFair Market Value, Orderly Liquidation Value, Forced Liquidation Value, and Replacement Value, matched to the intended use.
Delivery
Remote start, onsite availableDocumentation, photos, and equipment records start most appraisals; onsite inspection for high-value or heavily worn units and litigation or insurance claims.
Purposes
Insurance to legalInsurance coverage, asset-based lending, equipment financing, tax reporting, and legal proceedings including divorce and bankruptcy.

AppraiseItNow appraises boom trucks as a combined unit: the chassis and the mounted crane or lift

AppraiseItNow provides certified boom truck appraisals for insurance coverage, asset-based lending, equipment financing, tax reporting, and legal proceedings including divorce and bankruptcy. A boom truck is valued as one asset, the chassis together with the crane or lift mounted on it.

What sets them apart

A high-value segment of the commercial truck and aerial lift market

Boom trucks are a specialized, high-value segment of the commercial truck and aerial lift market. Accurate valuation takes appraisers who understand the vehicle chassis and the mounted crane or lift system as a combined unit, which is why boom trucks sit within our equipment and machinery appraisal services.

How we work

Remote to start, onsite when the unit demands it

Most boom truck appraisals are initiated remotely using documentation, photos, and equipment records. Onsite inspections are available and may be required for high-value units, units with significant wear, or appraisals tied to litigation or insurance claims.

Value definitions

Four definitions of value for a boom truck

We offer four definitions of value for boom trucks, and the intended use of the report decides which one applies:

  • Fair Market Value (FMV)
  • Orderly Liquidation Value (OLV)
  • Forced Liquidation Value (FLV)
  • Replacement Value

Telescoping, knuckle boom, digger derrick, and bucket trucks are all boom trucks we appraise

We appraise the full range of boom truck types, which vary significantly by configuration, lifting capacity, and intended application, from utility and telecom fleets to tree service rigs.

Utility and access

Telescoping booms, digger derricks, bucket trucks, and trade-specific rigs

Trucks built for line work, pole installation, elevated access, and the trades that need a boom on a chassis:

  • Telescoping boom trucks (utility, telecom, construction)
  • Digger derrick trucks for pole installation
  • Bucket trucks and aerial work platform trucks
  • Tree service, sign installation, HVAC placement rigs

Lifting and fleet

Knuckle booms, mechanics trucks, rated crane trucks, and fleet units

Trucks whose crane does the loading or the field service, and the units that make up a working fleet:

  • Knuckle boom (articulating crane) trucks
  • Mechanics trucks with crane and service body
  • Light, medium, and heavy-duty crane trucks
  • Fleet units: contractors, municipalities, utility companies

A boom truck valuation serves contractors, utilities, and fleet operators as often as lenders, trustees, and attorneys

We serve contractors, utility companies, fleet managers, equipment dealers, and the lenders, insurance adjusters, bankruptcy trustees, CPAs, and attorneys who need a credible boom truck valuation for financial or legal purposes.

Fleets and contractors

Contractors, utilities, fleet operators, and sole operators

Contractors, utility companies, fleet managers, and equipment dealers engage us across their fleets. Individual business owners and sole operators seeking an appraisal for financing, sale, or insurance coverage are a core part of our client base as well.

Lenders and legal

Equipment lenders, adjusters, trustees, and attorneys

Equipment lenders, insurance adjusters, bankruptcy trustees, CPAs, and attorneys bring us boom truck appraisals when a loan, a claim, a bankruptcy estate, or a legal proceeding needs an independent value.

What boom truck appraisal clients say we are known for

Boom Truck Appraisal Reviews: “I would definitely use them again” and “I highly recommend the AppraiseItNow team”

  1. Being the appraiser they come back to“I would definitely use them again” Richard A.Mentioned in 11 reviews
  2. Answering fast, and staying reachable while the work runs“They were responsive and timely from start to finish” Julia P.Mentioned in 6 reviews
  3. Showing the research and the comparables behind the number“They diligently researched both equipment items and provided well-documented reports” Bob H.Mentioned in 5 reviews
  4. Taking on items other appraisers had already turned downMentioned in 4 reviews
  5. Delivering the finished report ahead of the deadline“They did it quickly” Phil L.Mentioned in 3 reviews

Across 16 published boom truck appraisal reviews, every one from a client who paid AppraiseItNow for an appraisal, the three things they raise most often are that they would hire us again, how quickly we answer, and how much research is visible in the report.

  • I recommend AppraiseItNow Inc. highly. I needed an appraisal of fair market value for geologic laboratory equipment for charitable donations to three universities. The unique items and limited secondary market complicated the valuation. They provided a sound, verifiable estimate and the 8283 forms that I was able to use in my tax filings. I would use them again.
    Alan B. , Denver, CO ·

    Lab Equipment Appraisal for Charitable Donation

  • AppraiseItNow did an outstanding job appraising my 1998 Bobcat Skid Steer and circa 2010 Yuchai Crawler Dozer. We could not locate a serial number on the dozer, and there were no online sales available, but they were still able to develop an accurate appraisal using known specifications for my dozer compared to other comparable make and model dozers. They diligently researched both equipment items and provided well-documented reports.
    Bob H. , Dallas, TX ·

    Machinery & Equipment Appraisal

  • I needed an IRS-qualified appraisal for an unusual and costly piece of medical equipment. AppraiseItNow was able to provide me exactly what I needed on a timely basis. The personnel at the company are very friendly and helpful. I would definitely use them again.
    Richard A., Oakland County, MI ·

    Medical Equipment Appraisal for Charitable Donation

  • Affordable and reliable, with fast service and always responsive to my messages and questions. They delivered my appraisal on time without a glitch. 100% Recommended! I wouldn’t use anyone else for my business. Thank you, Joe — you’re great!
    Ana R. , Lawrence, MA ·

    Machinery & Equipment Appraisal for Bankruptcy Filing

  • I highly recommend the AppraiseItNow team. They were responsive and timely from start to finish, and the whole process was seamless. The final report was super detailed and gave me all the information I needed. I am so glad I hired them and would recommend them to anyone needing an appraisal!
    Julia P., Philadelphia, PA ·

    Technology Equipment Appraisal for Divorce

  • They did an appraisal of medical equipment for donation. They did it quickly, and I received a blank form 8283 signed by the appraiser. It was what I needed. The price was higher than I wanted to spend on an appraisal, but a lot lower than other appraisers. AppraiseItNow was very responsive and communicative, and the other appraisers were not. I would use them again.
    Phil L., West Linn, OR ·

    Medical Equipment Appraisal for Charitable Donation

Boom Truck Appraisals Anywhere in the US

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How our Valuation Process Works

1

Appraisal Request

Submit estimate or list of items for our review.

2

Quote Issued

We'll share a flat fee quote for your approval.

3

Kickoff & Intake

Submit details on all of your items for our review.

4

Research & Analysis

We'll conduct detailed research and prepare a written USPAP-compliant report.

5

Report Delivery

Delivery of your report and supporting documents (e.g., signed IRS Form 8283) by email.

How much does a Boom Truck appraisal cost?

Standard Fee Range

$695 – $2200

Standard range for our Boom Truck appraisals based on past projects

  • Fixed fee quoted before any work starts
  • No hourly billing
  • USPAP-compliant report, accepted by insurers, courts and the IRS

Two report tiers. Your intended use sets which one you need.

Standard Boom Truck Appraisals

from $295

USPAP-compliant report for standard purposes

  • Insurance Coverage
  • Personal Use
  • Probate Court
  • Estate Distribution

Advanced Boom Truck Appraisals

IRS-qualified

from $395

USPAP-compliant and IRS-qualified report for advanced purposes

  • M&A Due Diligence
  • Asset-Backed Loans
  • IRS Purposes
  • Insurance Claims
  • Legal Purposes

Pricing By Volume

Please note that the fees listed below are for informational purposes and are subject to change. Our team will review your materials and issue your quote before we get started.

  1. 1 item

    $295 – $595

    Single boom truck appraisal

  2. 10 items

    $995 – $2200

    Small fleet or mixed boom truck set; varies if conducted onsite

  3. 50+ items

    $5K – $10K+

    Larger inventory; frequently done in-person

What Drives Cost?

  • Variety of boom truck categories, models, and technical complexity
  • Quantity of line items and duplicate SKUs to analyze
  • Condition differences and any need for onsite verification or additional research
  • Documentation quality – clear photos, serial numbers, specifications, and maintenance logs streamline analysis
  • Intended use of the appraisal (insurance, tax, financial reporting) and compliance requirements

Our Boom Truck appraisal fees are transparent, scope-based, and designed to be fully USPAP-compliant for your intended use. We don't bill by the hour and will propose a fixed fee before we start our work, so you'll know exactly what you are paying before engaging our team. Please note that the pricing outlined here is strictly for informational purposes; before issuing your quote, we will need to get a better understanding of your assets so we can properly scope the assignment.

We produce written equipment appraisal reports for lending, insurance, charitable donations, and litigation

Given the USPAP-compliant nature of AppraiseItNow’s appraisal reports, we prepare our deliverables for major legal, tax, and financial reporting purposes for individual and commercial clients.

Popular uses of our appraisal reports include:‍

Tax, Estate & Financial Planning

Transactions, Lending & Investment

Life Events & Special Circumstances

  • Divorce
  • Social Security reporting or Medicaid Application Filings
  • E-2 visa applications

Frequently Asked Questions on Boom Truck Appraisals

What market data supports a boom truck appraisal?

Auction results from platforms such as Ritchie Bros. and IronPlanet, dealer listings on TruckPaper and Commercial Truck Trader, and heavy-truck price guides including the Truck Blue Book and IronGuides. From those sources we derive fair market value, orderly liquidation value, or forced liquidation value depending on the appraisal’s purpose.

What should I document before a boom truck appraisal?

Both halves of the machine: the chassis (VIN, year, make, model, mileage) and the crane unit (make, model, rated tonnage, boom length, hours). Add load ratings, inspection or certification records, and maintenance history. Missing identification or usage data impairs comparable matching and forces more conservative depreciation assumptions.

Is my boom truck’s book value the same as its market value?

No. Book value follows accounting depreciation schedules, while market value follows secondary-market demand, condition, and obsolescence for your specific make and configuration. Relying on net book value or tax basis can misstate collateral, sale proceeds, or insured value by tens of percent.

Why can’t generic truck or crane averages price a boom truck?

Because reliable sales comparison requires matching the chassis, crane brand, capacity, boom length, age, hours, and installation configuration to recent sales of genuinely similar units. Treating a boom truck as a generic straight truck or a stand-alone crane produces values far from real market behavior and would typically fail review.

Can a boom truck be valued from the income it earns?

Only in limited cases. Income methods such as capitalization of earnings apply at the business or fleet level, where cash flows can be measured; assigning a company’s profits to one truck overstates its value. Individual boom trucks are more accurately valued through the market and cost approaches.