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01-01-2014, 11:25 AM
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#1
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Senior Member
Join Date: Jun 2012
Posts: 170
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Adding value for Banks system
i am looking at a 1999 newmar mountain aire 3762 (ford 43000 miles) that has a banks turbo system on it. how do i determine how much to add for the nada value? also, since i mentioned nada, i believe it's said to start negotiations around 15% under low retail value. is that about right?
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01-01-2014, 11:33 AM
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#2
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Senior Member
Join Date: Dec 2003
Location: Motor City, Mich
Posts: 3,369
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NADA on a 15 year old coach is BARELY a starting point. It's $14,000 for this one. It could be worth nothing or double (or more) that depending on condition. As for the Banks stuff, some will say it adds a little, some will say it subtracts, split that and call it nothing.
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Tim.
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01-01-2014, 12:12 PM
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#3
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Senior Member
Join Date: Nov 2011
Location: Full time RV'er
Posts: 5,140
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Quote:
Originally Posted by tderonne
NADA on a 15 year old coach is BARELY a starting point. It's $14,000 for this one. It could be worth nothing or double (or more) that depending on condition. As for the Banks stuff, some will say it adds a little, some will say it subtracts, split that and call it nothing.
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Totally agree...
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01-01-2014, 12:38 PM
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#4
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Senior Member
Join Date: Jun 2012
Posts: 170
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Thanks for your opinions. If I add in the mileage for the gas engine on nada site low retail is just over 17k. Still way less than what the dealer is asking for it but gives me a low point to shoot for. If there aren't any problems with the coach I believe meeting in the middle of low and average retail would be fair for both parties. Since this my first class a purchase I appreciate everyone's input and hope the community can guide me through this.
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2001 Newmar Mountain Aire 3798
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01-02-2014, 08:43 AM
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#5
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Senior Member
Join Date: Nov 2010
Posts: 475
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JMHO, but I would be concerned the Banks system has done damage by increasing torque above the transmission's capability to handle it. I'd check it out.
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2008 AC Allegiance 42G, Spartan, ISL
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01-02-2014, 08:48 AM
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#6
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Senior Member
Join Date: Jun 2012
Posts: 170
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Good to know. Thanks, I will have that checked.
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2001 Newmar Mountain Aire 3798
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01-02-2014, 10:35 AM
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#7
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Senior Member
Country Coach Owners Club
Join Date: Jan 2006
Location: Northern California
Posts: 5,868
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I suspect that the dealer added nothing to the value of the rig for the Banks system for determining the trade-in value.
Perhaps you should do the same for the pricing.
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Dean
1995 38' CC Magna #5280 **** Sold after 21 years of enjoyment.
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01-02-2014, 10:49 AM
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#8
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Senior Member
Fleetwood Owners Club Ford Super Duty Owner
Join Date: Jun 2012
Location: SoCal
Posts: 15,749
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Condition is king for determine value of older coach. The Banks system is at best a no added value.
Treat an RV purchase like a house purchase. After negotiating price, have third parties provide formal inspection of engine/driveline/chassis and house components. With the sale contingent upon positive outcomes of the inspections. Ensue the inspectors do not have a relationship with the dealer. Then depending on inspection outcomes renegotiate the price, walk away, or have dealer make repairs.
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Vince and Susan
2011 Tiffin Phaeton 40QTH (Cummins ISC/Freightliner)
Flat towing a modified 2005 Jeep (Rubicon Wrangler)
Previously a 2002 Fleetwood Pace Arrow 37A and a 1995 Safari Trek 2830.
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01-02-2014, 11:01 AM
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#9
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Senior Member
Join Date: Jun 2012
Posts: 170
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Great advise. Thank you.
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2001 Newmar Mountain Aire 3798
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