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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.
đź› 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/@terraquipdrilling
Timestamps:
00:00:00 - IntroductionÂ
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
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.
đź› 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/@terraquipdrilling
Timestamps:
00:00:00 - IntroductionÂ
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