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What’s That RV worth II

05.02.2008 · Posted in Buying RV's, Selling RV's

Long before the NADA and Kelley Blue Book guides became available we in the RV Business had to establish values the good old fashioned way, We would have to guess. Yes, I’m talking before computers here. Remember, I’ve been doing this for quite a few years. Anyway it went like this: If a new model 26B was worth $10,000 then a one year old one would go for about $7500. Same new $10,000 26B, a 2 year old would sell for about $6400. A 3 year old would be about $5700. And on, and on. Our formula was like this (remember the numbers are approximate and certainly depend on condition and market) Selling price of the comparable new multiplied by .75 for year one. Multiply that number by .85 for year 2. Times .9 for 3 yr old. Times .95 for each year after that. So in ball park numbers for a five year old RV you could expect to pay 50-ish % of a good deal on a new one. Remember I said about, approximately depending about a dozen times in the last 150 words. So when you are out shopping for a good used RV the asking price is close to the formula check it out. If they want way more or way less be a even more careful. Oh and before you make the offer, factor in condition, subtract repairs, check the guide books, take your expert for a good look, then drive it  and shop, shop, shop.

And then, this is the most important part,  when you get the one you want; Enjoy

 

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