Why do we want to know the sale amount?
1. To help you with Fair Market Value,
or FMV. The number one reason FMV is so important is that, without
it, how does an owner get fairly compensated for a total loss?
When a truck is totaled and the insurance company is trying a
reach a settlement with the owner, where can they go for a realistic
value? There is no “Black Book”, or “Kelley
Blue Book”, or “Edmunds” for a tool truck, so
it can be very difficult to estimate its true fair market value
without some industry knowledge. We want to be fair here to insurance
adjustors – they don’t see many tool trucks. Your
neighbors probably didn’t know what a tool truck was until
you drove it home; well, maybe one or two did. So we put together
actual sale prices on these pages for reference. Please tell yor
insurance agent we are here.
2. FMV is important because its needed
when someone is trying to borrow money for a tool truck or trailer.
The lenders we refer you to know tool trucks very well, but what
about your local bank? Maybe you have your mortgage there, your
business account, and your personal checking account, and you
want them to finance your truck. By providing them with access
to these pages, your bank or leasing company is more likely to
finance a larger amount and for a longer term, saving you down
payment cash out of pocket and decreasing your monthly payment.
Please tell them we are here.
3. FMV also helps facilitate the process
of supply and demand between buyers and sellers (a fancy way to
say, we want to help the used truck market be healthy and vibrant).
Buyers don’t want to pay too much; sellers want a fair price
for their truck. When you look at other sales over the past years,
you get a feel for what a truck is worth. This helps our truck
advertisers price their truck fairly, and lets buyers know the
market range for a truck of that year, length, equipment, mileage,
and condition. And it helps trucks sell.
These pages have a lot of entries now,
so we have broken them down by year when they were sold. These
are real sales. We don’t take any credit for making the
sales happen between individuals; we provide the marketplace and
we collect sales price information. We have removed the contact
info from the ads to keep the sellers anonymous now that they
have sold their vehicle.
