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Old 08-04-2014, 09:26 PM   #1
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Purchase of used motorhome

Currently have a gas class A but want to upgrade to diesel pusher . Found a Holiday Rambler 2008 Endeavor 40 SKQ with 8000 miles. Looks good but not sure if a reasonable selling price...$165,000 less our trade in. we are fairly new at this. any advice accepted thanks
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Old 08-04-2014, 09:30 PM   #2
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What do you think it is worth?

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Old 08-04-2014, 09:41 PM   #3
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Quote:
Originally Posted by summ View Post
Currently have a gas class A but want to upgrade to diesel pusher . Found a Holiday Rambler 2008 Endeavor 40 SKQ with 8000 miles. Looks good but not sure if a reasonable selling price...$165,000 less our trade in. we are fairly new at this. any advice accepted thanks
Here is one typical depreciation table that you may have already seen before.

From the purchase price of new coach, after "Number of Years" of purchase, the table below shows first the depreciation for each passing year, and the "Total Depreciation" from the original purchase price.

Number of Years <-> Depreciation % for given year <-> Total Depreciation %
1 18 18
2 10 28
3 7 35
4 6 41
5 6 47
6 5 52
7 5 57
8 4 61
9 4 65
10 3 68
11 3 71

So, for example, if a 2015 Anthem sells for $350,000, after 3 years it may be worth about $227K. After 5 years, about 185K. After 10 years, about $112K. So, after 10 years, you have lost 68% of a $350,000 investment, or about $240,000. Even if you drive the RV 10,000 miles a year for the 10 years you own it, you would have spent $2.40 per mile in addition to what you would spend on diesel ...

Note: The table above is from this article:

THE BEST RV VALUE: DEPRECIATION IS THE MAJOR REASON TO SERIOUSLY CONSIDER A USED RV

So, if you knew how much the Holiday Rambler 2008 Endeavor 40 SKQ sold for new in 2008, you could calculate about 0.43 times that selling price new to arrive at the depreciated value for a 7-year old RV. But, make sure to use the new selling price, driving it off the lot, not the MSRP.

But, obviously, the depreciation table is just one of many tools to arrive at a reasonable price.

Good luck.
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Old 08-05-2014, 12:11 AM   #4
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We recently looked at an '08 Endeavor 40 PDQ with a private seller, and they were asking $124,900. It sold for $120K. There are other '08 PDQs for sale in that price range or slightly higher, so I'd say yours is over priced. I know yours is a different floor plan, but I would think the prices should be in the same ball park.

Go to PPL's website and see if any have sold recently. They list the sales price. That should give you a comparison. I'd also find others currently for sale and see what range they fall in.
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Old 08-05-2014, 07:53 AM   #5
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When you say it seems to be well taken cafe of, does it have a good service history with a lot of paper work? The depreciation article is a good one, but a lot of folks suggest using the NADA guides and take the low private sale value with NO options added and use that as a start price. Not sure if your seller is dealer or private, but low ball them to start. You are not insulting them by offering too little, they are insulting you by asking too much you can always increase your bid. Good luck.
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Old 08-05-2014, 08:09 AM   #6
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That mileage works out to a little over 1,000mi. a year. Diesels need to be run. That being said I would want ALL maint. records even though there might not be many with so few miles. Since you mention a trade in I assume you're dealing with a dealer. Did they get it on a trade or some other way? I too believe the asking price is high. That's a good suggestion to check out www.pplmotorhomes.com They list what Rv's have sold for. But in the end you're the one that has to be comfortable with the deal. Good luck in your decision.
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Old 08-05-2014, 08:15 AM   #7
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There are several 2008 Holiday Rambler endeavor 40 SKQ on the internet that are selling in the 145-149 range. Without a trade in.
Yours seem a bit high, but may be worth the money if it is exceptional. I would start out with a low bid. You can always go higher as previously noted.
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Old 08-05-2014, 11:06 AM   #8
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I'd say that is a typical high dealer asking price and would expect to get an excellent trade-in allowance to offset it. You need to get either a bottom line trade quote (and know what your trade is actually worth), or make a no-trade offer to see what he will really accept. A decent price would be in the $120-$145 range, depending on condition.

An '08 with 8000 miles will have excellent looking tires but they are getting quite old and will have to be replaced in another year or two regardless of wear. Figure that into your offer.
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Old 08-05-2014, 11:06 PM   #9
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I don't think that a HR is worth that much $$ to start with, especially the Endeavor
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Old 08-05-2014, 11:10 PM   #10
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Glad you're aboard. Best of luck in your decision. Enjoy your adventures and be safe.
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