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Old 06-25-2013, 06:55 AM   #1
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One year old coach value

DW and I are zeroing in on our first MH purchase. It is a used 36' 2012 Monaco Monarch with 3000 miles. I cannot find any comp sales. Have looked through various on line sites but nothing comes up.

How should one go about valuing this new of unit? Depreciation off of MSRP? Depreciation off of what you guess was paid for the coach, i.e. 25% off MSRP?

The coach is on a consignment lot with an asking price of $100,000.

Thank you for your input.

Dirk
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Old 06-25-2013, 07:44 AM   #2
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Probably a good place to start is the MSRP. I'm not familiar with that particular coach, but I would probably start with the MSRP and take 60% of that number as somewhat of a starting point. The margins on Diesels are around 33 to 40% and gas margins are somewhat less.

I hope this helps.
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Old 06-25-2013, 10:42 AM   #3
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Assume the original purchaser got (or should have gotten) 25% off MSRP, then subtract 20% of what ever that number is.

The first year there is a BIG bite in depreciation. There after I'd calculate 10% per year. This is a general rule of thumb, "your results may vary".
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Old 06-25-2013, 12:47 PM   #4
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Look at New Car Prices and Used Car Book Values - NADAguides and use the low retail price with no accessories added on. Pretty close to what the used market is bringing now.

Ken
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Old 06-28-2013, 01:03 AM   #5
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Offer $70K and go up from there. They can always say no. Just be prepared to walk a way if the deal isn't there.
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Old 06-28-2013, 01:33 AM   #6
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Quote:
Originally Posted by TXiceman View Post
Look at New Car Prices and Used Car Book Values - NADAguides and use the low retail price with no accessories added on. Pretty close to what the used market is bringing now.

Ken
When I bought last year I found similar to this. Most good clean low to moderate miles coaches were selling at or below low retail. NADA.
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Old 06-28-2013, 08:08 AM   #7
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Are you looking at the 36SFD? New, it's stickers in the low $150s, so a good deal (new) would have been in the low $100s.

Here is one (sold new) to get an idea of what they went for:

New Monaco Monarch for sale in Alvarado TX | 2012 Monaco Monarch For Sale W/Full Wall Slide & King Bed 36FSD Class A For Sale from Motor Home Specialist in Alvarado Texas

Depending on how much the dealer wants to move this unit, I think a decent deal would put you in the low to mid-$80s range for just the price of the coach when all is said and done. If you can get lower than that, it would be a complete steal. (Remember you have tax, tags, etc., etc., so factor that in to your budget as well.)

Keep in mind, depending on when built/sold, that 2012 may actually have been bought and used all throughout 2011, so realistically it could have 2 years of use on it by now too. Use that as an additional bargaining chip.

Good luck and let us know how you make out!
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