2020 Caterpillar 938M
Compared to other Caterpillar 938 Model Family listed for sale, this item has a FAIR PRICE.
$231,700 is the UEG target price for an item with 263 hours.
$223,938 is the UEG target price for an item 1.7 years old.
Taking both age and usage into consideration, the UEG target price for this item is $228,825, which is why this item has a FAIR PRICE with a fair market price being between $216,738 and $243,480.
Pricing is determined based on other CATERPILLAR 938 (model family) items available for sale. There are many factors beyond age and usage that could cause an item to not have a fair price including condition and configuration.