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Old 11-22-2015, 09:19 PM   #15
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Sell it outright yourself. Put a fair price on it. Trade it in you better hang on. You will get the shaft.


We sold our 18 month old TT, private party sale...we still lost over 30% of our original sale price (this number was not MSRP)
Trade-in was going to be MUCH worse. The specific number varies on the deal you make on the next RV.

The issue with private party sales is the tire kickers and low ballers...it is not an easy thing to do.

Consignment is typically better than a trade-in for $$, but is a risk when the consignment lot is not working hard for their commission (ads, qualified salesmen, etc.).

Trade-in is easiest, of course. But, as the OP selected for the thread title...you'll take a bath

Best luck
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Old 11-22-2015, 09:35 PM   #16
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Not such a big deal to inquire about a trade.

Find out the difference in price, and make up your mind.

Remember! If you sell, then buy-you pay more Sales Tax than if you Trade. (its that way in Fla, anyway-you pay tax on the diff)
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Old 11-23-2015, 06:12 AM   #17
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it will be based on the NADA wholesale with no options.
I just found that out yesterday, it is rediculous they don't take option into account.
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Old 11-23-2015, 07:37 AM   #18
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How much of a bath can we expect at trade?

I'd say it might just depend on your back pocket!!

I've traded a few times. Some because we just found something we liked better. One time because of defective unit.

But to think you will come out on the top end on a trade is wishful thinking. If you can enjoy what you have till it gets a few years on it is probably the best option.

Sometimes if you just don't like a unit (as with one of mine) just to move to something else is a great thing no matter the cost. So just back to your financial position.

I have always traded my old unit in. Just not like the hassle to deal with it by myself. Also when you trade it in you gain the sales tax on the one you trade in.

Russell
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Old 11-23-2015, 12:42 PM   #19
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We went through the same thing earlier this year. We traded in our 2 year old TT for a new 5th wheel. We lost over 50% of our original price on the TT. Trade in value on almost all campers is awful.
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Old 11-23-2015, 07:06 PM   #20
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The good thing is we don't have to buy until we get a deal we like, ours is fine for the next few years of need be.

Does anyone think we would get a better deal at the original dealer we bought the TT at?
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Old 11-23-2015, 08:08 PM   #21
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Unless you "like" being upside down on a new RV note....Just stick with the Vibe....and pay down the note.

That is why when shopping for a new RV, I would never buy from dealer the first time we "think" was the right unit...

Our last RV tt (2005) we used 7 seasons, sold it private party, which was $2k more than the trade in amount. Cost of using it over 7 seasons was $21 per night camped (380 nights). $21 per night was just the difference from the cost new (including tax) to what we sold it for. I can't go wrong with that.
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Old 11-23-2015, 08:33 PM   #22
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We bought a very well-maintained 8-year-old Class A from the original owners for close to $8K under Blue Book. Four years later we decided to sell due to greatly reduced use. It sold on consignment for $18,000 less than we paid for it. $4500 a year depreciation on an already 8 year old rig was hard to swallow.

Some consignment dealers are real rip-off artists!
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Old 11-23-2015, 08:35 PM   #23
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I would dump it,take the loss,that way you have five years to pay on the 5er before retirement.
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Old 11-23-2015, 08:42 PM   #24
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The good thing is we don't have to buy until we get a deal we like, ours is fine for the next few years of need be.

Does anyone think we would get a better deal at the original dealer we bought the TT at?

I would have no problem at all dealing with same dealer. They should give you as much or more than anyone else.

Russell
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Old 11-23-2015, 09:01 PM   #25
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You can "expect" what ever you want, but the truth is you'll lose 30% at least. Now, if you traded for a much more expensive unit then you won't lose as much since there's more room to play with the figures.
When we bought the present rig the dealer either gave us $20,000 more than book for our old rig or took $20,000 off the price. I don't really care since all I need to worry about is the difference.
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Old 11-23-2015, 09:05 PM   #26
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Remember! If you sell, then buy-you pay more Sales Tax than if you Trade. (its that way in Fla, anyway-you pay tax on the diff)
Same here in WA
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Old 11-23-2015, 09:05 PM   #27
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Another thing to think about is, if your TT is financed today, how long is the term? If you've financed for, say, 10+ years, you may find yourself even more upside down in a year or two. If you've only financed for 3-5 years you may come out ahead by waiting.
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Old 11-23-2015, 09:08 PM   #28
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We bought a very well-maintained 8-year-old Class A from the original owners for close to $8K under Blue Book. Four years later we decided to sell due to greatly reduced use. It sold on consignment for $18,000 less than we paid for it. $4500 a year depreciation on an already 8 year old rig was hard to swallow.

Some consignment dealers are real rip-off artists!
Well, you could have not accepted the deal or did the dealer have final say on the deal?
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