TerraQuip Talk

#005 - How to Accurately Value a Pre-Owned Rig Before You Buy 💰🛠️


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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/


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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


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TerraQuip TalkBy TerraQuip Drilling Equipment