Trucks, trailers & haulers
Service and vocational fleets, transporters, tractors and trailers, for financing, insurance schedules, sale or wind-down.
Fleet & like-kind equipment appraisals.
When you own a lot of the same thing, the appraisal problem changes. Lukes Werks values quantities of like equipment, per unit and in total, with a USPAP-compliant report a lender, insurer or auditor can check line by line.
The short answer
What is a fleet or like-kind appraisal?
A fleet or like-kind appraisal is an independent, USPAP-compliant opinion of value for a population of similar assets, a fleet of trucks, a room of identical machines, a paddock of race bikes, valued so each unit holds up on its own and the total holds up for a lender, insurer, auditor or court. We determine the right premise of value (FMV, OLV, FLV or NOLV) for the purpose and defend it.
The hard part is consistency at volume. We classify like items, document the method once, and apply it across the whole list, so the per-unit values and the sum agree.
Who this is for
Anyone with quantities of like equipment.
One site or many, dozens of units or thousands, valued by category and item.
Motorcycle & powersports fleets
Dealer, rental and team inventories of bikes, ATVs, UTVs and watercraft, with current-spec and model-year context.
Tracks & race facilities
Timing and safety systems, shop and grounds equipment, and the rolling stock a venue runs on.
Schools & training programs
Trade-school shops, technical labs and racing academies, where rooms of identical machines need one defensible schedule.
Production & multi-site
Production lines, equipment rooms and multi-site inventories of the same asset category, reconciled to one report.
Banks & ABL groups
Borrowing-base support across a population of collateral, with the premise and per-unit detail a credit file needs.
Why volume is different
Per-unit detail. A total that reconciles.
A single number for a whole fleet is easy to produce and easy to challenge. We do the opposite: every unit is classified, valued and documented, then rolled up so the total is just the sum of work anyone can audit.
That matters most when the population is mixed, different ages, hours, conditions and specs inside the same category. We price those differences instead of averaging them away, which is what makes the report defensible.
When you need one
Many reasons to value a fleet.
We set the right premise of value, FMV, OLV, FLV or NOLV, for the situation, and defend it.
01Lending & collateral →Borrowing base across a fleet, ABL, equipment loans
02Audit & insurance →Coverage schedules, replacement cost, financial reporting
03Liquidation & wind-down →Orderly or forced sale of a fleet or inventory
04Sale or acquisition →Buy- or sell-side value for the equipment in a deal
05Restructuring →Workout, creditor recovery, DIP financing
06Expansion & refinance →Growth, capex and refinance of fleet assets
Common questions
Fleet appraisals, answered.
How do you appraise a large fleet without averaging everything?
We classify the population into like groups, then value units by age, hours, condition and spec rather than applying one blended number. The total is the sum of per-unit conclusions, so any line can be checked. We never quote a value before inspection.
Can you handle assets across multiple sites?
Yes. We scope desktop or on-site work by volume and location, combine the data, and reconcile it to a single report covering every site.
Will the report support a borrowing base or insurance schedule?
Yes. Reports are prepared in compliance with USPAP, include an itemized asset appendix and photographs, and state the premise of value (FMV, OLV, FLV or NOLV) a lender or insurer needs, built to hold up to review.
What kinds of fleets do you appraise?
Trucks, trailers and haulers; motorcycle and powersports fleets; track and facility equipment; school and training-program shops; and any operation with quantities of like equipment across one or more locations.
Ready when you are
Get a defensible number on the whole fleet.
Start online, send the asset list and photos for a desktop appraisal, or tell us how many sites the assets sit on for an on-site visit.