How to Calculate the Blue Book Value of a Machine

In order to get a good price on old machines you intend to sell, to get proper insurance coverage on theft or damage of your machines or even to determine whether a broken machine is worth repairing, it's helpful to know the machine's blue book value. Several book and online pricing guides may help you determine your machine's value. If you can't find a book value listing, ask a machine technician or repairman if he has access to a blue book value guide that's industry only.

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Step 1

Check usedprice.com to see if your machine fits one of the site's Blue Book value categories. Categories include power tools, copiers and audio equipment.

Step 2

Enter your machine's model number and name in usedprice.com search box and select the appropriate category. A list of products will pop up, organized by type and year.

Step 3

Purchase the "Grounds Maintenance Equipment Blue Book" from pricedigests.com if your machine is a lawn mower, tiller or similar product. Search ironguides.com for blue book values of outdoor power machines and farm machinery.

Step 4

View upcoming and past machinery auctions at wiemanauction.com. You can search for the type of machine you have to see what recent price your equipment fetched at an auction. Search your local newspaper's classified ads to find machinery and equipment auctions near you. Attend several auctions to see both the equipment and the value process. If you cannot find a book value of your machine, this will help you determine its current market value.

Step 5

Hire an appraiser near you using the directory at the Association of Machinery and Equipment Appraisers website (see "Resources"). Ask the appraiser for a resume and referrals. Call several referrals to make sure the appraiser receives positive feedback and has experience with your machine.

Step 6

Find a Machinery and Technical specialist appraisal at the American Society of Appraisers website if you can't find a Machinery and Equipment appraiser near you (see "Resources"). Schedule an appointment with an appraiser who can provide good references.

Step 7

Inform the appraiser that you want to know the item's book value on the day of the appointment. The appraiser will view your machine and calculate its value based on manufacturer, working condition and appearance. The appraiser will write up a report and provide you with a copy; the book value of the item will be included in the report.