When determining the worth of an old compressor, there are a few factors to consider. The first and most important factor is the condition of the compressor. A good rule of thumb is to estimate the value at around $100 per 1 horsepower for a compressor in good condition. This means that a 5 horsepower compressor would be worth approximately $500.
However, if the compressor is in great condition, you can increase the value to around $125 per 1 horsepower. So, using the same example, a 5 horsepower compressor in great condition would be worth around $625.
If you have a well-known brand compressor and it is in excellent condition, you may be able to push the value even higher, closer to the range of $150-$200 per horsepower. In this case, the 5 horsepower compressor could be worth anywhere from $750 to $1000.
To accurately determine the value, it’s important to assess the condition of the compressor. Factors such as the age, maintenance history, and any signs of wear or damage should be taken into account. It’s always a good idea to thoroughly inspect the compressor and take quality photos to showcase its condition to potential buyers.
In my personal experience, I have seen old compressors sell for a wide range of prices. I once sold a 3 horsepower compressor that was in good condition for $300, which was around the average market value at the time. On the other hand, I had a friend who sold a 10 horsepower compressor in great condition and received offers ranging from $1500 to $2000, as it was a well-known brand and highly sought after.
Ultimately, the value of an old compressor will depend on various factors, including its condition, brand reputation, and market demand. It’s always a good idea to research similar compressors for sale in your area to get a better understanding of the market value. Additionally, consider reaching out to local compressor dealers or experts who can provide a more accurate assessment based on the specific details of your compressor.