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/

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Timestamps:

00:00:00 - Introduction 

00:01:45 - Importance of Equipment Valuation

00:03:40 - Depreciation of Drilling Rigs

00:06:00 - Factors Influencing Value: Working Hours

00:08:00 - Market Demand for Equipment

00:09:30 - Make and Model Impact on Value

00:10:50 - Condition of the Asset

00:11:50 - Service History Considerations

00:13:30 - Material Drilled and Its Impact

00:15:10 - Owner Reputation in the Industry

00:16:30 - Reasons for Selling the Equipment

00:18:30 - Maintenance Costs and Equipment Longevity

00:20:30 - Recap of Valuation Factors