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Old 05-13-2013, 12:19 AM
Fubba Fubba is offline
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Location: Middle GA
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Trailer values?

I will soon be purchasing another lawn company. I'm trying to figure out a way to value two utility trailers that are in the deal. I've got my local dealer who's a friend that will value all the equipment, and I've used KBB for the vehicles. Any ideas?
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Old 05-13-2013, 02:07 PM
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PamlicoLawnCare PamlicoLawnCare is offline
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If you are able to get the approximate purchase price of the trailers when new from the current owner, the current values will generally be 25% to 50% of that original price...depending on the current condition and age.

"Current condition" is subjective and you and the current owner will have to come to a meeting of the minds on that one.
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Old 05-13-2013, 02:14 PM
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Blade Runners Blade Runners is offline
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What kind of trailers are they?
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Old 05-13-2013, 02:33 PM
dareo dareo is offline
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If you bought brand new trailers instead of his used ones you could depreciate them as business assets. I'm not sure if you can get tax advantages with his used stuff. Just some ammo for negotiating.
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Old 05-13-2013, 04:19 PM
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Dually00-00 Dually00-00 is offline
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Quote:
Originally Posted by dareo View Post
If you bought brand new trailers instead of his used ones you could depreciate them as business assets. I'm not sure if you can get tax advantages with his used stuff. Just some ammo for negotiating.
The federal government alows you to depreciate new and used equipment .
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Old 05-13-2013, 09:51 PM
Fubba Fubba is offline
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Quote:
Originally Posted by Blade Runners View Post
What kind of trailers are they?
One is a 7X16 Horton Hauler enclosed trailer and one is a 7X20 ish flatbed trailer used for sod and utility tractor transport.

I'm preparing this mainly for the bank for the loan. Will they accept mine and the current owners agreed upon value?
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