Heavy Equipment Appraisal

5.0from 80+ client reviews
Heavy equipment appraisal services covering asset-backed lending, insurance claims, and estate tax (Form 706), prepared in accordance with USPAP. AppraiseItNow appraises excavators, dozers, wheel loaders, motor graders, and articulated haulers.

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DEFENSIBLE, USPAP-COMPLIANT HEAVY EQUIPMENT 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
USPAPUSPAP-compliant heavy equipment and machinery appraisals for legal, tax, financing, and financial reporting purposes.
IRS form
Form 8283Charitable contributions of heavy equipment are reported on IRS Form 8283, alongside estate and gift tax reporting.
Delivery
Online or onsiteMany appraisals are completed remotely; onsite inspection when scope, equipment size, operating condition, or complexity requires it.

AppraiseItNow provides heavy equipment appraisals online or onsite for legal, tax, financing, and financial reporting purposes

AppraiseItNow provides fast, fully online or onsite heavy equipment and machinery appraisals for legal, tax, financing, and financial reporting purposes, for individuals, contractors, construction firms, industrial operators, and businesses that need an independent valuation.

Purposes we serve

IRS filings, lending, insurance, litigation, donations, estates, bankruptcy, and deals

Our heavy equipment appraisers prepare independent valuations for the following intended uses:

  • IRS filings
  • Asset-based lending
  • Insurance coverage and claims
  • Litigation
  • Charitable contributions (IRS Form 8283)
  • Estate and gift tax reporting
  • Bankruptcy
  • Transactional purposes

Remote and onsite

Remote from records, onsite for size, condition, or complexity

Many heavy equipment appraisals are completed remotely, with an onsite inspection coordinated when scope, equipment size, operating condition, or complexity requires it. The documentation we work from:

  • Make and model
  • Serial numbers
  • Photos
  • Service records

Who we serve

Individuals, contractors, construction firms, and industrial operators

Our heavy equipment appraisers serve individuals, contractors, construction firms, industrial operators, and businesses that require an independent valuation, whether the subject is one machine or a multi-asset inventory.

AppraiseItNow appraises excavators, dozers, loaders, cranes, forklifts, and whole heavy equipment fleets

Our heavy equipment appraisals cover commercial, industrial, and individually owned machines, from a single excavator to a multi-asset fleet inventory.

Earthmoving

Digging, pushing, and loading machines of every size

We appraise the excavating, dozing, and loading machines that do the bulk of the work on a site:

  • Excavators and mini excavators
  • Bulldozers and crawler tractors
  • Wheel loaders and track loaders
  • Skid steers and compact track loaders
  • Backhoes and trenching equipment

Lifting, roadwork, and handling

Equipment that lifts, grades, paves, and moves material

We appraise the cranes, graders, paving machines, and forklifts that lift, finish, and move material:

  • Cranes and lifting equipment
  • Motor graders and road construction equipment
  • Compactors and paving equipment
  • Forklifts and material handling equipment

Mining, attachments, and fleets

Quarry machinery, attachments, and entire inventories appraised together

We also appraise mining and quarry machinery, the attachments and implements that go with it, and entire fleets valued as one inventory:

  • Mining and quarry equipment
  • Attachments, implements, and specialty heavy machinery
  • Multi-asset heavy equipment inventories

What heavy equipment appraisal clients say we are known for

Heavy Equipment 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 heavy equipment 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

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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 Heavy Equipment appraisal cost?

Standard Fee Range

$695 – $2200

Standard range for our Heavy Machinery 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 Heavy Machinery Appraisals

from $295

USPAP-compliant report for standard purposes

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

Advanced Heavy Machinery 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 machine appraisal

  2. 10 items

    $995 – $2200

    Small fleet or mixed equipment set; varies if conducted onsite

  3. 50+ items

    $5K – $10K+

    Larger inventory; frequently done in-person

What Drives Cost?

  • Variety of equipment 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 Heavy Machinery 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 Heavy Equipment Appraisals

What market data supports a heavy equipment appraisal?

Actual auction sale records, dealer listings, and private transaction data matched to the subject's make, model, age, hours, and condition, with adjustments for usage, features, and market conditions. Observable arm's-length prices bracket fair market value far better than generic book values or rules of thumb.

Is the 20 to 40 percent first-year depreciation rule accurate?

It is a fleet-management heuristic, not an appraisal method. Real value depends on current supply and demand, brand, model, operating hours, maintenance history, and obsolescence. Treating generic percentages as universal overprices obsolete or high-hour machines and underprices well-maintained units in tight markets.

What should I gather before a heavy equipment appraisal?

Make, model, year, and serial number or VIN for each unit, hour meter readings, service and repair records, and a list of attachments and specialized options. Missing serials, unknown hours, or absent maintenance documentation force more conservative assumptions and can lower or widen the concluded value.

When does the cost approach carry the most weight?

For specialized or custom-built machinery that rarely trades publicly. We estimate replacement cost new from manufacturer pricing, dealer quotes, or recent invoices, then deduct physical deterioration plus functional and economic obsolescence, the framework recognized by ASA, NACVA, AICPA, and USPAP.

What do lenders expect from an equipment appraisal?

Collateral values grounded in sales comparison and cost analysis, with explicit adjustments for age, condition, and remaining useful life. Valuations that ignore current market data or skip remaining-life analysis get discounted heavily in underwriting, which can shrink available credit or trigger demands for additional security.