I must document one of my loan files with current and realistic equipment collateral values.
- Where can I find current and realistic equipment values?
- If I call a local dealer will his or her opinion of value match that beyond our local trade area?
- Can I quickly do the research and document the findings myself?
- What will this reliable information cost?
Visit www.purplewave.com. Under the logo in the top right corner, click on the advanced box. Briefly describe the asset-type under enter search words. As an example, try “Cat D6R dozer”. In the select box, choose all of the words. Check past and click search. Listings, with sales prices, will show for like-kind assets sold. We post all sales results. You may refine your search with other options like a model year. This is a free service.
You now have free access to equipment values determined by a global bidder pool.