By Bill Adams
This article continues the analysis and discussion of used fire apparatus sales, an often overlooked segment of the apparatus market that could be worth well over $70 million per year.
Glenn Usdin, owner of Command Fire Apparatus in Lancaster County, Pennsylvania; Jim Keltner, owner of Jon’s Mid America Fire Apparatus in Rogersville, Missouri; Greg Still, owner of Missouri Fire Apparatus in Grovespring, Missouri; Barbara Bauman, co-owner with Jennifer Bauman of FIRETEC in Randolph, Vermont; James Wessel, owner of Brindlee Mountain Fire Apparatus in Union Grove, Alabama; and Brian Reyburn, co-owner with Stuart and Cindy Reyburn of FireTrucks, Unlimited, in Henderson, Nevada, provide comments. They answered some specific questions regarding the used apparatus market.
At what age does a rig’s resale value significantly decrease?
Usdin: “The key points in the value of a used unit are five to seven years, 10 years, and then 20 years. Each of those age marks represents a significant point of notice in the value of a used unit.”
Still: “20 years.”
Baumann: “By 10 years of age, it’s worth about half the original purchase price.”
Reyburn: “It all depends on what kind of rig it is, but 10 to 15 years old is a typical disposal time for departments. Some departments dispose of a rig because it is scheduled to be disposed of, but in many cases the truck still has a lot of life left. Trucks over 15 years old start to decrease in value at a more rapid pace. We have seen the resale value reduced when trucks have been taken out of service but not sold for five years or more.”
Wessel: “15 years.”
At what mileage does a rig’s resale value significantly decrease?
Usdin: “100,000 miles is a hard number for many used purchasers to get out of their heads. Rural departments that might not put 1,000 miles a year on a unit have a hard time with the concept of a 10-year-old unit getting 10,000 miles per year.”
Keltner: “50,000, depending on the rig.”
Still: “Over 50,000 miles and then 100,000 usually results in the vehicle being sold for salvage pricing.”
Baumann: “Rigs with over 100,000 miles are hard to move unless there happens to be an over-the-road trucker on the department. High mileage does not scare those folks.”
Reyburn: “If a used rig has less than 100,000 miles, that’s more attractive to buyers.”
Wessel: “100,000 miles.”
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1 A 2010 Sutphen midmount platform and a 2006 Rosenbauer rear-mount platform recently delivered. James Wessel, owner, Brindlee Mountan Fire Apparatus, says, “We keep about 20 to 30 aerials available in our yard and usually have a couple hundred available on our Web site.” (Photos courtesy of Brindlee Mountan Fire Apparatus.) |
Is there a certain number of pump hours that decreases a rig’s value?
Usdin: “Pump hours are always so low that it’s not a factor. The key factor is passing a pump test at the time of sale.”
Keltner: