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How Much Is My Second Hand Ride On Mower Worth?

11 April 2013 |  Posted in Second Hand Ride On Mower

No matter how much you think your second hand ride on mower is worth, at the end of the day it is only worth what someone else is willing to pay for it. When trying to determine the asking price for your old mower, there are a number of factors that you can use to help you out. We have supplied the following list of tips and hints to help you achieve just this.

  • Find out the list price for the mower
    This is the amount that the ride on will sell for when brand new, not taking into account any discounts or special offers that you may receive from the specific supplier. You can generally find this information by checking the website or in store. This can help you to determine how much you should be asking for used.
  • Calculate the depreciation of the mower
    This figure should be based on the length of time that you have owned the machine. Generally, it will depreciate in value by around 14.3% for every year that you have owned it from new. Multiply 14.3 by the number of years you have owned the mower to find out its depreciation. Multiply that number by the list price for the dollar amount.
  • Look at what other people are asking
    There are plenty of online auction websites, like eBay, that you can use to find out how much other people are asking for the same mower that you are trying to sell. This will give you an indication of what people are willing to pay. One may have sold successfully for $500, for example, and one for $1000 may have no bids at all.

It is also important that you consider whether the used ride on mower has any defaults or is in need of any repairs when deciding on a price, as these will all bring the figure down. If possible, try to make any repairs yourself, otherwise sell the machine at a discount to a buyer who is willing to pay for these repairs. How much you take off, however, is at your own discretion.

Michael Pollock

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