An API, or application programming interface, is a data delivery mechanism that allows for data from one source (MagikMe Equipment in this case) to be embedded into the application of a third party. The major benefit to APIs are the following: Workflow efficiency gains Derivative products The MagikMe Equipment API, specifically, is an API composed of the […]

Brand Premiums are an MagikMe Equipment proprietary metric for evaluating the relative price strength of a brand in used equipment markets either at a given time, or as an average over a period time.  The analysis involves comparing thousands (or millions) of observations from the equipment Resale and Auction channels, holding constant significant factors like equipment […]

Fair Market Value (FMV) is the monetary value of an asset that can be expected in a transaction with a single seller and single buyer, neither of whom are under any compulsion or time restriction to complete the transaction. Fair Market Values for heavy equipment are most closely associated with the private, resale market, as […]

Forced Liquidation Value (FLV) is the monetary value of an asset that can be expected in a transaction with a single seller and multiple potential buyers, where the seller is under a short time constraint and has location constraints within which to sell the asset. The Forced Liquidation Value for heavy equipment is most closely […]

Orderly Liquidation Value (OLV) is the monetary value of an asset that can be expected in a transaction with a single seller given a reasonable amount of time to find one or more purchasers of a liquidation sale, where the seller is under a short time constraint and has location constraints within which to sell […]

Residual Value represents the worth of a piece of equipment at the end of a given term (e.g. multi-year lease or useful life). A high residual value generally shows that a machine has been successful at the work demanded of it, has presented minimal maintenance issues over its service life, and still presents a high value […]