Upside down with ORPHAN coach

[rvlooker]

Need some advise. What is everyone else seeing as wholesale values on there Travel Supremes. I was offered 140k from three different dealers on a fully loaded 2006 TS select DL24. U can imagine what I said. What have others encountered. And have you seen banks renegotiate? We are still having issues post X bracing from the factory with the windows either cracking or popping, we did not know to ask about this second modification with the X bracing at the time. Our unit was at the factory when they actually locked the gates and went out of business

[jlb27537]

Hello,

I am presently looking at DP's and am finding those that are selling are going for low book or up to 20% behind low book.

On a 2006 M-45DL24 the book shows $217,050 so take that or 20% less and that will be close to actual selling price in today's market.

2006 Travel Supreme SELECT Series M-45DL24-500HP - 45' Standard Equipment, Prices & Specs - NADAguides

Thus the buy bid of $140,000 is pretty close to wholesale value.

[DA_BUS]

Unfortunately - it is a very good buyers market.....I bought a tandem below low book with only 25,000 miles on it. I made ma
ny offers on coaches that guys turned down. Over twelve months later the same coaches are still sitting on there lots marked down $20,000 below what I offered them. If you find a buyer - you maybe better take advantage of the opportunity to sell them.

[jfran304]

Check with Essex Credit for refinancing. You can do it online.

https://www.essexcredit.com/

Good Luck,
Jon

[TXiceman]

Mortgage companies are not being very helpful with new loans or short sales on homes, so I doubt if a bank will be helpful on a motorhome. You may have to suck it up and put some cash with it to get rid of it or keep it. You will have to shop hard to find a refinance since you are up -side down.

Ken