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Author Topic: Depreciation? How much and how quick?  (Read 4137 times)

HappyGirl

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Depreciation? How much and how quick?
« on: July 10, 2009, 03:29:57 PM »
We bought a Jayco 1207 new in the Spring and after camping this summer have decided that a small travel trailer is more what we want and so would really like to trade up.

However, we know we may lose some money in the process - how do I find the reasonable trade-in value.   The dealer we purchased from has offered us $1900 less than we paid and that number is way below the NADA low retail guide. 

Any comments are suggestions are appreciated.

We do realize that we would probably do better selling ourselves; but would rather not go that route if we have an option.

Clay L

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Re: Depreciation? How much and how quick?
« Reply #1 on: July 10, 2009, 03:41:32 PM »
The actual trade in number you get will usually be the wholesale value. The wholesale value used to about 70% of the average retail value and as far as I know still is.
The dealer may play games with the numbers to make it appear that you get more but in my experience you rarely do.

If you think about it - the dealer has to sell your trade in for more than he pays you for it. He expects to pay wholesale and sell at the average retail value.
Clay (WA5NMR), Lee (Wife), Katie & Kelli (cats), Sali (toy poodle)
Settled down after full timing for eleven years and snowbirding for one year in a 2004 Winnebago 35N Sightseer, Workhorse W 20 Chassis. Honda toad

scottydl

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Re: Depreciation? How much and how quick?
« Reply #2 on: July 10, 2009, 07:09:22 PM »
We do realize that we would probably do better selling ourselves; but would rather not go that route if we have an option.

I think you answered your own question there.  Dealer trade-in values are the worst in the car/RV business, it's how they make money.  I would think you'd have a good chance to sell your unit by placing a couple local ads, especially over the next couple months during the peak of the summer camping season.
Scott, wife, 3 boys... and the dog
- 2008 Forest River Wildwood 32BHDS
- 1995 Chevrolet Suburban C2500 tow vehicle
- 1994 Thor Residency motorhome... owned 2007-2012

Gary RV_Wizard

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Re: Depreciation? How much and how quick?
« Reply #3 on: July 10, 2009, 09:41:10 PM »
Trade (wholesale is maybe 60-70% of retail. Of course, you should also get a discount on the MSRP of whatever new one you buy, and the dealer usually adds that to the trade value to make it look better.

It's summer - put it in your yard with a For Sale sign on it and see what happens. Other people have the "new RV bug" too.
Gary
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Gary Brinck
Summers: Black Mountain, NC
Home: Ocala National Forest, FL

rab.peoria

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Re: Depreciation? How much and how quick?
« Reply #4 on: August 02, 2009, 09:00:44 AM »
 :) Hi Girl,
This is where most people go for reference.
http://www.nadaguides.com/default.aspx?LI=1-25-0-5602-887-982-50664&l=1&w=25&p=38&f=5693&gc=rv&gtc=tt&any=0
NADA - Recreation Vehicle Consumer Pricing 1975 to 2009

 

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