In this episode of TerraQUIP Talk, host Mike Dobrota walks through the core principles of valuing a secondhand drilling rig, and why a machine’s age, hours, and history tell only half the story. From depreciation formulas and service records to market demand and asset condition, Mike breaks down the 8 key factors that affect resale value and buyer confidence.With stories from the field and examples that span 25 years of industry insight, this episode is a must-watch for contractors, resellers, and anyone serious about making smarter heavy equipment decisions.Whether you’re negotiating with dealers, refinancing assets, or sizing up a potential purchase, this episode will sharpen your strategy and help you avoid costly mistakes.🛠 Ready to find the right piling or drilling rig for your next project?Get expert guidance and tailored solutions at https://terraquip.com.au/Follow TerraQUIP Drilling Equipment:https://www.instagram.com/terraquipdrillingequipment/https://www.linkedin.com/company/terraquip-drilling-equipment/https://www.youtube.com/@terraquipdrillingTimestamps:00:00:00 - Introduction 00:01:45 - Importance of Equipment Valuation00:03:40 - Depreciation of Drilling Rigs00:06:00 - Factors Influencing Value: Working Hours00:08:00 - Market Demand for Equipment00:09:30 - Make and Model Impact on Value00:10:50 - Condition of the Asset00:11:50 - Service History Considerations00:13:30 - Material Drilled and Its Impact00:15:10 - Owner Reputation in the Industry00:16:30 - Reasons for Selling the Equipment00:18:30 - Maintenance Costs and Equipment Longevity00:20:30 - Recap of Valuation Factors

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