This topic came up in another thread, but I felt it warranted a new one. It seems life, as it always seems to, has changed our plans a bit. The Mc2guy family is growing again (yeah!), and pops (me) is now in a full time executive MBA program at Georgetown University (Hoya Saxa!!!).
Unfortunately, the combination of events and corresponding time and financial implications, has us considering a downgrade from our Sightseer 35J to something more cost and time friendly, like a pop-up or small hybrid trailer. Frankly, I really don't want to pay for depreciation on the Winnie knowing I won't be using it much for the next few years.
Recognizing the discussion of RV sales and pricing has been has been a very active one lately, I thought I would solicit the advice of the forum on a) process, and b) pricing.
First, the process.
I have sold a ton of cars and am very familiar with private sales, but this seems a bit different. We have an outstanding note on the RV, so obviously there is going to be a title issue to deal with. My thought is that the buyer will send the funds directly to the Lien holder (a recognized national lender), and the lien holder will release the title upon fulfillment of the loan. How can I make a buyer feel comfortable with this process since the title may take a few weeks to arrive? I would be fine with an escrow company or any other arrangement, but I'm more concerned about making a legit buyer comfortable with the process. I am interested in your suggestions.
Second, the price.
I am not naive enough to believe that I will be getting dealer retail for my 2009 unit. I have priced it using NADA Used LOW Retail. The ONLY options I have added (even though I have added a ton of extras) is the in-motion satellite I had installed last year. Keep in mind, the unit is in "like-new" condition, with basically zero wear and tear on the interior or exterior. The low retail price is a full $18k less than the average retail price. Any thoughts on this approach. Is this price a fair starting point? Notable additions that I have NOT priced would be (6.5" Integrated Magellan GPS, Brake Controller, Upgraded 32" LCD, additional 22" LCD/DVD in rear, 4-corner ride-rite air springs).
I will probably be listing in the next few weeks. Fortunately, we are comfortable financially, so this is not a short-sale, nor do we have to dump it immediately for any liquidity reasons. We can be patient, but I would like to move it within the next few months.
Anyway, thanks in advance.
Unfortunately, the combination of events and corresponding time and financial implications, has us considering a downgrade from our Sightseer 35J to something more cost and time friendly, like a pop-up or small hybrid trailer. Frankly, I really don't want to pay for depreciation on the Winnie knowing I won't be using it much for the next few years.
Recognizing the discussion of RV sales and pricing has been has been a very active one lately, I thought I would solicit the advice of the forum on a) process, and b) pricing.
First, the process.
I have sold a ton of cars and am very familiar with private sales, but this seems a bit different. We have an outstanding note on the RV, so obviously there is going to be a title issue to deal with. My thought is that the buyer will send the funds directly to the Lien holder (a recognized national lender), and the lien holder will release the title upon fulfillment of the loan. How can I make a buyer feel comfortable with this process since the title may take a few weeks to arrive? I would be fine with an escrow company or any other arrangement, but I'm more concerned about making a legit buyer comfortable with the process. I am interested in your suggestions.
Second, the price.
I am not naive enough to believe that I will be getting dealer retail for my 2009 unit. I have priced it using NADA Used LOW Retail. The ONLY options I have added (even though I have added a ton of extras) is the in-motion satellite I had installed last year. Keep in mind, the unit is in "like-new" condition, with basically zero wear and tear on the interior or exterior. The low retail price is a full $18k less than the average retail price. Any thoughts on this approach. Is this price a fair starting point? Notable additions that I have NOT priced would be (6.5" Integrated Magellan GPS, Brake Controller, Upgraded 32" LCD, additional 22" LCD/DVD in rear, 4-corner ride-rite air springs).
I will probably be listing in the next few weeks. Fortunately, we are comfortable financially, so this is not a short-sale, nor do we have to dump it immediately for any liquidity reasons. We can be patient, but I would like to move it within the next few months.
Anyway, thanks in advance.