RVs no longer depreciate?

[chemist308]

I thought RVs lost their value over time. I was looking on RV Trader and noticed a lot of dealers were selling 2018 Reflection RLS trailers for close to what I paid for mine in 2018! WTH?

Not that I'm looking to buy or sell, but I'm very curious about that? Is that really what's going on in the industry or am I seeing just a few dealers trying desperately to support drug habits?

 

[jkwilson]

Have you been in a cave the last year? RV prices have been on fire due to COVID restrictions. Manufacturers can’t keep up.

 

[chemist308]

If that's the case, I should be able to get a little more than I paid with the upgrades. If someone's stupid enough to ignore NADA pricing, why wouldn't I?

 

[Ynot4me2]

And it's not just RV, it's pretty much anything outdoorsy. ATV, boats and smaller items like bikes, kayaks bicycles are also crazy.

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[Ynot4me2]

Oh and lumber [emoji35][emoji35][emoji35]

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[NB Canada]

If that's the case, I should be able to get a little more than I paid with the upgrades. If someone's stupid enough to ignore NADA pricing, why wouldn't I?

If you are leaving this lifestyle sure sell it but remember the price of new has skyrocketed


2021 Imagine 2400 BH
2018 GMC Sierra 4x4 crew

 

[Leatherman]

I just traded in my 2018 Keystone Bullet Premier 24RKPR for my 2021 260RD. I paid $25K for the Keystone in 2017. I got $23K for it on a trade in.

 

[TexSon]

That is one reason I bought a 2021 Reflectiion 315RLTS instead of a used one. I got a price I couldn't pass up and hoped with the RV/travel trailer market the way it was I figured I could get a good deal on my used one. I just sold the CrossRoads Zinger, 4 days after I posted it on Facebook, for only a thousand dollars under what I bought it for over 5.5 years ago. I probably could have gotten more for it, but didn't want to play musical trailers to use the new one.

 

[huntr70]

If someone's stupid enough to ignore NADA pricing

NADA pricing has gone UP in the last 5 quarters that they publish values.

 

[Lane Hog]

I'll bet that insurance companies are still depreciating them for claims...

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[Jerryr]

I'll bet that insurance companies are still depreciating them for claims...

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Maybe not. Our 18 month old 2019 Nissan Leaf SL Plus was totaled 5 months ago. With the insurance payout and the Federal tax credit we bought a 2020 Leaf SL Plus and had $2,500 left over.

State Farm was very generous with their payout. We had to claim it on our collision insurance policy even though the other driver was at fault because the other driver was uninsured.

 

[geotex1]

I'll bet that insurance companies are still depreciating them for claims...

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Doesn't matter. All you need to do is argue fair market value. If anyone ever accepts the first offer of a total on anything insured, they're leaving money on the table IMO/IME.

 

[mxdad777]

I just sold our 2018 Rockwood 5th wheel for 4k more that I paid for it. However, I did end up paying a little more than I normally would have for our 2021 337RLS. The dealers aren't having to discount much because the inventory is flying off their lots. As the saying goes....it all comes out in the wash.

 

[Jerryr]

Doesn't matter. All you need to do is argue fair market value. If anyone ever accepts the first offer of a total on anything insured, they're leaving money on the table IMO/IME.

I got lucky I guess on my totaled car. I accepted the first offer from State Farm because it was $5000 more than KBB retail and at least $5k more than what I was seeing advertised for exact year and model. They electronically deposited a check into my account the following day and I bought a brand new one the following day.

It was an EV. It cost me $5000 plus check from SF and then i got a $7,500 tax credit so the net was $2500 in my pocket fir brand new, one year newer.

A month before that Ford agreed to buy back my 2019 F350. I didn’t accept their first offer and negotiated a better offer. So it depends on who is making the offer.

 

[dryfly]

I thought RVs lost their value over time. I was looking on RV Trader and noticed a lot of dealers were selling 2018 Reflection RLS trailers for close to what I paid for mine in 2018! WTH?

Never confuse short term market trends with long term trends......................

 

[orbsah]

Just got my annual vehicle tax bill and the assessed value of my truck actually increased over last year; I’ve never had that happen for any of my vehicles. Sigh! Now I get a higher tax bill!

 

[Rousifier]

They bought back your F350?

I got lucky I guess on my totaled car. I accepted the first offer from State Farm because it was $5000 more than KBB retail and at least $5k more than what I was seeing advertised for exact year and model. They electronically deposited a check into my account the following day and I bought a brand new one the following day.

It was an EV. It cost me $5000 plus check from SF and then i got a $7,500 tax credit so the net was $2500 in my pocket fir brand new, one year newer.

A month before that Ford agreed to buy back my 2019 F350. I didn’t accept their first offer and negotiated a better offer. So it depends on who is making the offer.

May I ask why? I own one, as well. Never heard of that.

 

[Jerryr]

May I ask why? I own one, as well. Never heard of that.

If you are asking why Ford agreed to buy back my 2019 F350 then here is the short story.

I had an intermittent problem where when the START button was pushed the truck would not start and would display multiple faults. It was in the shop 4 times and for over 35 days. Each time I called Ford corporate and opened a case. At the 4th visit, I filed Florida Lemon Law, opened a BBB case and again called Ford to open another case plus I requested a buy back. 3 days later, after they reviewed the records, Ford agreed to buy the truck back using the Florida Lemon Law guidelines. Florida Lemon Law applies after 3 visits for the same issue or more than 30 days out of service, so Ford was going to loose if it went the the State Attorney. I special ordered an identical, but 2020 F350 replacement and purchased it with Fords assistance.

 

[nikkivolker]

I'll bet that insurance companies are still depreciating them for claims...

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Not if you bought replacement cost on your camper. Some companies are offering that when you buy a newer camper. Otherwise you will receive a depreciated price.

 

[Cougar]

Wait for the next year the market will be flooded with new and used RVS that won’t be the case.