Pricing Help

We aggregate listings from across the internet which allows us to generate statistical pricing models based on publicly available asking prices. Our pricing models are not based on actual sales transactions, but asking prices. Our goal in providing pricing data is to help buyers better understand the opportunity cost of buying a piece of equipment compared to other pieces currently available.

When an item is sold and no longer listed for sale, the item is removed from our pricing model. Thus, our pricing models do not take into consideration items that have been sold and only uses items that are currently listed for sale, providing the most up to date pricing data available.

Pricing Icons

Price Percentile

Higher values indicate higher priced items.

Usage Percentile

Calculated based on hours or mileage where higher values indicate lower usage.

Report Error

Report pricing or other errors with a listing to us to review.

Bad Price Detected

Indicates an item likely has a bad price due to a typo or human error.

Percentiles

Pricing charts use an individual item's percentile values relative to other items for sale of the same model or model family. Percentiles range from 1 to 99 where 1 is the bottom 1% and 99 is the top 1%. You can see the nominal percentile values by hovering over each band.

Age vs. Usage

The two interior bands represent an item's age and usage in miles or hours. Since percentile values are used, it would be expected that age and usage would be roughly the same value for an item with normal utilization. These two bands can be compared to determine how an item was utilized. A mining truck with heavy utilization in a 24/7 mining operation would have above average usage and a below average age. In this example chart, the year band/percentile is higher than the usage band/percentile and indicates that this item was lightly utilized as we'd expect an item this old to have been used for more hours or drive more miles.

Usage vs. Price

The outermost band represents an item's price percentile. Age is an important factor, but most items see more wear and tear due to usage than age. In this example, the price percentile is significantly higher than the usage percentile, which means that based purely on usage, this piece is has a high price and you could pay the same price for a different item with less hours/miles.

Age vs. Price

Age is the second most important factor after usage when determining pricing as rust and other factors lead to depreciation. In this example, the age percentile is higher than the price percentile, indicating that based soley on age, this item has a low price.

Price vs. Usage vs. Age

Putting it all together creates an easy to digest understanding of how an item compares to other items currently listed for sale. This example uses the same values as the above example on a single chart. This item has a high age percentile, indicating it is a late model, but has a lower usage percentile indicating above average hours/miles. The price reflects that it can be viewed as a less expensive late model item (thanks to high usage) or a more expensive high hours/miles item (thanks to being a late model item). This chart is blue, indicating that our models show that this item is probably properly priced. The above examples are red and green, indicating they respectively have high and low prices based on the age and usage inputs.

Newer Items

Newer items will have higher percentile values. This is an example of a 1 year old item with low usage and a high price.

Older Items

Older items will have lower percentile values. This is an example of a 15 year old item with high usage and a low price.

Exceptions

Pricing percentiles are statistics that describe a large sample size and don't neccessarily accurately describe individual items. In this example, the item has about average usage for it's age, but the price appears to be way too high. That's because this is not just a Ford F-150, but a Shelby edition F-150 that is supercharged with 700 horsepower which explains the high price. Alternatively, an item could have a high usage and age percentile with a very low price percentile, which could be a salvage item that doesn't run and should only used for parts.