Whether you are buying or selling, if you are trying to get a price for a riding lawn mower or garden tractor, figuring out how much it is worth can feel like a guessing game. The Used Riding Lawn Mower Valuation Calculator can be helpful in determining a lawn mower's worth.
Like cars, the value of a used riding lawn mower is based on depreciation, condition and region. Riding lawn mowers begin to depreciate the moment they are purchased, and continue to depreciate in value annually.
The condition of the riding lawn mower or garden tractor also factors in to its value. Things like appearance, structural integrity and performance can greatly increase or decrease the price. Because some mowers are more popular in certain areas of the country than others, region also has an influence of the value of a riding lawn mower.
The best starting point for getting the value of a mower is dependent on its age. If the mower is less than 7 years old, you should begin with the original MSRP of the unit. If the mower is 7 or more years old, you should use the average selling price of comparable models in your area. Once you have that value, you increase or decrease the price based on condition.
Once you have the approximate average value, apply the following additions or subtractions based on the mower's condition when you inspect it. Thanks to SoEasilyDistracted.com, there's a Used Riding Lawn Mower And Garden Tractor Checklist that you can use during the inspection.
Excellent Condition (Rarely used) - (+ 10% to 15%) Like new condition. Well maintained. No mechanical or cosmetic repairs are needed. This is very rare.
Above Average Condition - (+ 5% to 10%) Above average appearance and only has very minor cosmetic issues (fine scratches). No mechanical issues and mower has been well maintained. Repairs have been made as needed and mower was well cared for. This is not common.
Average Condition - (0) Good condition relevant to age and routine use. Runs great and in very good mechanical condition. May have some minor scratches or small dings which do not affect overall appearance. No obvious maintenance or repairs required.
Below Average condition (Slightly neglected)- (- 5% to 10%) Runs well but needs a minor repair or two OR needs minor cosmetic repairs. Some evidence of deferred maintenance but mower is otherwise in good mechanical condition. Will require minor repairs. This is common.
Poor condition (Badly worn) - (- 15% to 25%) Runs okay but needs moderate mechanical repair before regular use or needs moderate cosmetic repair. Deferred maintenance is obvious. Will require moderate repairs.
Rough Condition (Worn Out) - (- 25% to 50%) Runs rough and significant cosmetic work needed, numerous mechanical inadequacies. Excessive deferred maintenance and abuse is obvious. Will require significant repairs.
You can also factor in whether it is a popular model (+), mass produced (-), or mid-grade/pro (+).
Next: Determining The Starting Value
To use the Used Riding Lawn Mower Valuation Calculator, you will need to either use:
- The original MSRP - if the mower is less than 7 years old
- To find the original MSRP you can:
Search the model number along with MSRP on Google (for example: "Toro LX 460 MSRP")
Search Tractor Bluebook
- To find the comparable sales you can:
Search the model number on Google (for example: "Toro LX 460 for sale")
Search eBay completed sales, OfferUp, Craigslist, etc