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Old 03-21-2015, 12:16 PM   #1
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Real world depreciation on a motorhome

On another RV forum a knowledgeable member said he had researched the blue book values of motorhomes for many models year to year.

Most people got an initial 20 to 30% discount off of MSRP.

Then he found a stable pattern of depreciation:

Year 1 - 18%
Year 2 - 12%
Year 3 - 8%
Year 4 - 6%
Year 5 - 5%
Year 6 - 5%
Year 7 - 4%
Year 8 - 4%
Year 9 - 3%
Year 10 - 3%

How does this line up with your experience?

We are looking for a 2013 Vista 26HE. The MSRP in 2013 was $87,000.

So according to the blue book study, they would have paid about $67,000 new. And now two years later it should be selling for about $50,000. But that's not what I see out there.
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Old 03-21-2015, 01:02 PM   #2
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Well, you can ask any amount, what it sells for is another question.


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Old 03-21-2015, 01:54 PM   #3
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What DO you see?
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Old 03-21-2015, 02:11 PM   #4
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Quote:
Originally Posted by JFXG View Post
What DO you see?
I see a 2013 Vista 26HE in Tucson with a dealer asking $73,797!

I one in Florida for $64,900
I see one in Gambrills, MD for $62,900
And I see one in Pennsylvania for $59,900.

So, dealers try different prices. It's spring and I guess they start high. I wonder what they'll ask in July.
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Old 03-21-2015, 02:26 PM   #5
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I don't think you can rely upon book values when it comes to buying these things. There are too many variables. No 2 are exactly the same

Find the one you like, make an offer of what you want to pay and see how it goes from there. If you continue to get denied at that price you're likely not offering enough. If you make a deal you got what you want at the price you want to pay
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Old 03-21-2015, 02:34 PM   #6
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Originally Posted by datrbone8 View Post
I don't think you can rely upon book values when it comes to buying these things. There are too many variables. No 2 are exactly the same
I think starting with the Blue Book current value is a solid way to start a negotiation. The seller will need to justify a price higher than the blue book value. I'd have to argue reason for going lower than blue book.

As a seller, I am less angry at a lower-than expected offer if the guy is pointing to a Blue Book number and the features are close.

Sure, it all comes down to how hungry he is to sell vs how eager I am to buy.


But it's a logical start that takes a lot of the emotion out of it.
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Old 03-21-2015, 02:46 PM   #7
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During the recession the depreciation rate was higher as people were selling their MH's to get out of the loans to avoid it being repo'd, and were also competing with the banks who were doing record amounts of MH repos. They were practically giving them away, much like the sales of homes, people took drastic losses. It wasn't as much as what they were worth, as it was what they were worth in that current economy.


Those great deals on used MH's are not as prevalent in this economy as people don't have to sell them. Today it is a sellers market, and it is always cyclical. When we bought ours new, we paid $3000 less than two used ones we looked at two different dealerships. Both were the same model/same equipment, but didn't have the New body style the 2014 had. Both dealerships acknowledged that we probably did negotiate a better price new, but they would not budge on the price as they knew someone who did not do their research/negotiating would buy them as the msrp on a new one was what they compare it to. You may want to go new, I have seen them advertised at shows and dealerships for $69k, even if you pay a few thousand more, it's new and has a warranty.
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Old 03-21-2015, 02:46 PM   #8
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When Winnebago came out with that model the msrp was $75000. Dealers were advertising them for $60000. So, the prices you gave are not by any stretch good deals.
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Old 03-21-2015, 02:56 PM   #9
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Depreciation in looking for a used RV

The guys in Tucson and Florida are nearing the end of their high season. They're fishing for that last minute impulse purchase by snowbirds about to head back north. The units in MD and PA will probably wind up selling in the $50K range. How long the dealer/seller can let them sit is subject to a lot of variables. I would guess there're probably no serious defects. A 2 y/o 26ft motorhome on a dealer lot was probably traded by someone wanting more size.
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Old 03-21-2015, 03:29 PM   #10
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They will sell for what ever the market can bear.
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Old 03-21-2015, 05:00 PM   #11
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Here is my experience with the coach we are in right now.

MSRP was $379,000 we paid $269,000 before trade. $239,000 after trade in Sep 2012.

So you can look it up for yourself: 2013 Newmar Dutch Star 4347, lots of options.

This is what NADA says today;

2013 Dutch Star M-4347 Freightliner 450hp Standard Equipment, Prices & Specs - NADAguides


Change Manufacturer
>
Change Year & Model
>
Change Options
>
Values

2013 Dutch Star

M-4347 Freightliner 450hp

Research another motorhome
ValuesSpecificationsFloor PlanSpecial Notes
Values
Values Facebook
Suggested
List Price Low
Retail Average
Retail
Base Price $385,039 $248,000 $298,800
Options: (change)
15,000 BTU Central/Ducted $705 $850
Hydronic Heating System $6,725 $8,100
Dishwasher $400 $480
Microwave/Convection Combo $290 $350
Stackable Washer/Dryer $1,675 $2,020
Air Assisted Suspension $275 $330
40" LCD TV $3,215 $3,875
AM/FM/CD Stereo $230 $280
DVD Player $255 $310
Satellite Radio $240 $290
Satellite System W/Auto Seek $865 $1,040
10 KW Diesel $9,270 $11,170
Hydraulic/Air Dual Leveling System $2,595 $3,125
3M Film $670 $810
6-Way Power Seat (Each) $330 $400
Aluminum RV Wheels (Set of 4) $1,235 $1,490
Auxiliary Battery (Each) $60 $75
Awning 10' - 12' (Each) $415 $500
Awning 17' - 19' (Each) $615 $740
Awning for Slide-out (Coach) $310 $375
Awning for Slide-out (Bedroom) $150 $180
Cruise Control $85 $105
Diamond Shield $560 $675
Electric Step (Double) $225 $270
Fiberglass Exterior 31' and Over $1,745 $2,100
Full Body Paint $5,025 $6,055
Mirrors (Power W/Defrost) $225 $270
Power Roof Vent W/Rain Sensor $250 $300
Power Slide-Out Room 6' (Each) $2,010 $2,420
Power Slide-Out Room 8' (Each) $2,235 $2,690
Rear Vision Camera/Monitor $940 $1,135
Shower Enclosure (Glass) $150 $180
Side View Camera $215 $260
Skylight $180 $215
Slide Out Tray-Full Pass Through $745 $900
Solar Battery Charger $475 $575
Tile Upgrade (Bathroom/Kitchen) $350 $420
Trailer Hitch $100 $120
TOTAL PRICE: $385,039 $294,040 $354,280




You decide what is what and how much money I've lost. I'm in the coach now and having fun.
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Old 03-21-2015, 07:02 PM   #12
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When I was shopping (looked for 2 years to learn the market then serious for the 3rd year, I found that the better built "mass produced" coaches like Winnie and Monaco, held their value better than the lower end coaches. They are higher in demand thus market edges upward.
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Old 03-21-2015, 09:48 PM   #13
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We bought our '02 Georgetown 325 in 2010 for $37K, about 8k under KBB. We sold it last December on consignment and got $19,200 for it (after 5 months). The buyer paid about $23.5K.

This hobby sure ain't cheap. We bagged it because of the rapidly increasing costs of running it.
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Old 03-23-2015, 04:39 PM   #14
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As a followup, we just put down a deposit to hold a little used 2015 Itasca 26HE with just under 1100 miles. Dealer will part with it for just under 60k.
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