# Iron Solutions

Canonical URL: https://fundmyequipment.com/learn/glossary/iron-solutions/
Last modified: 2026-05-29T19:39:17+00:00
Type: efin_glossary

## Summary

Leading valuation service for construction and agricultural equipment.

## Content

Iron Solutions is a market-data and valuation service for construction, agricultural, and industrial equipment in the US and Canada. Acquired by Ritchie Bros. in 2017, Iron Solutions provides equipment values, market trends, and lifecycle analytics used by lenders, dealers, and equipment owners.
What Iron Solutions provides

Equipment-value databases with monthly updates
Market trend reports (national and regional)
Equipment lifecycle and depreciation curves
API access for lenders and dealers
Custom valuations for specific assets

How Iron Solutions is used in equipment financing

Used-equipment financing: lenders pull Iron Solutions values to confirm asset values before lending
Trade-in valuations: dealers use Iron Solutions to set trade-in offers
Lease residual setting: lessors reference Iron Solutions for residual decisions
Insurance valuation: insurers use Iron Solutions for replacement-cost and actual-cash-value calculations
Repo remarketing: lenders price repossessed equipment using Iron Solutions baselines

How Iron Solutions differs from Ritchie Bros. auction data

Ritchie Bros. auction results: specific transaction prices in specific auctions. "What actually sold."
Iron Solutions values: aggregated and curated values across many sources (auctions, dealer sales, private sales). "What this equipment is worth."

Both data sets complement each other. Lenders typically use Iron Solutions for primary value estimation and Ritchie Bros. auction history for specific comparable sales.
For equipment buyers
Iron Solutions data isn't free to consumers (it's a subscription/lender service). But you can request the lender's Iron Solutions valuation on your equipment as part of the financing process; this helps you understand how the lender is valuing your asset.