When trying to determine the value of a lorry, a few key factors will be taken into account. The vehicle’s make, model, age, and mileage will all play a role in its worth. Additionally, the condition of the lorry is also considered. To get a better idea of how these factors affect a lorry’s value, let’s take a closer look at each one.
Make
The make of a lorry can have a big impact on its value. A well-known and reputable brand is likely worth more than a lesser-known brand. There are many top manufacturers are innovating in the haulage industry, such as Scania, Volvo, MAN, Mercedes Benz, Isuzu and Foden. These brands will always remain highly sought after, yet each model has distinct personalities in terms of how they drive and feel.
Model
The model of the lorry is very important. A newer model is usually worth more, especially when it’s winning awards left, right and centre, such as the Mercedes-Benz Actros. No matter your lorry’s age or condition, the model itself will always be an important factor. Some models will also gain surprisingly high prices, even as a non-runner, and others will be known for reliability or performance.
Body type
Your truck’s body type will be considered when determining how much your lorry is worth. A tipper truck, for instance, may be worth more than a flatbed because of the added functionality it provides. Some ‘body types are more complex and sophisticated in terms of technology, meaning when your lorry’s functionality is operating flawlessly, you can gain an excellent price, such as temperature-controlled body trucks.
Age
Age is always going to be a big factor in valuing any vehicle. A newer lorry is usually going to be worth more, sure. But that’s not to say that an older model can’t still hold its own – some classic trucks are highly sought-after by collectors and can even fetch a higher price than their newer counterparts.
Mileage
The mileage of your lorry will also play a role in dictating its overall value. A lorry with higher mileage will typically be worth less than one with fewer miles on the clock. There are ways to offset high mileage, such as having a full-service history or recently completed major repairs.
Condition
Last but not least, the condition of your lorry will also be taken into account when it comes to determining its value. A well-maintained and cared-for lorry is obviously worth more than one that’s been neglected. But even a truck in poor condition can still have some value – it may just need some work before it’s back up to scratch.
Do you need to pay for a valuation?
Whether you’re looking to get a quote for your Volvo FH16, Mercedes Actros 2545, Iveco S-Way, Volvo FH I-Save or any other type of truck, we’re here to help. Why waste time on auction sites or marketplace websites to get a rough idea of your truck’s worth when we can give you a fast and free quote today? Also, there’s no obligation to do a deal with us. If you’re happy with the price we offer, we can arrange a collection and make a same-day payment – it’s that simple!
