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02-03-2012, 07:39 PM
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#1
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Senior Member
Thor Owners Club
Join Date: Jan 2012
Posts: 101
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Trade-In or Sell
Looking for some advice. I currently own a Class C and am considering buying a DP. Is it more advantageous to sell out right or should I trade the Class C in on the new coach?
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Matt Brown / Chief, USN(RET)
2015 Palazzo 35.1 / 2004 Jeep Wrangler X
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02-03-2012, 07:43 PM
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#2
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Member
Join Date: Oct 2011
Posts: 61
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You should be able to get more for your MH if you sell it yourself. It my take awhile, you never know. Advertise it everywhere you can. If it doesn't sell then you take the beating and trade it in. I just had to that with a car.
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02-04-2012, 04:26 PM
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#3
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Senior Member
Join Date: Oct 2006
Location: Rochester NY
Posts: 2,706
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I agree. Sell your current coach yourself. You can get closer to NADA retail for the sale, and the dealer most likely will only offer NADA wholesale on the new sale, after discounting the new coach.
Also, Class C coaches should be pretty easy to sell right now.
__________________
Don
'07 Winnebago Journey 34H - CAT C7, Koni's, MCU's, SS Bell Crank, Safe-T-Plus
'07 HHR Toad, SMI AFO, Blue OX
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02-04-2012, 05:18 PM
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#4
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Registered User
Monaco Owners Club
Join Date: May 2009
Posts: 3,198
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I traded. Timing. Cash on hand. financing the new rig...
The dealer made me a fair offer sight unseen, I drove the old rig there (1400 miles) and drove the new one back.
How does one even deal with selling something as expensive as a motorhome?
I've done several deals with cars, coming and going, at 10k or less. Cash, as in a big stack of my favorite dead president on green paper.
When I bought the knight, I told them 20k of the down payment would be in cash. They refused to take it, told me to write them a personal check!
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02-04-2012, 06:46 PM
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#5
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Senior Member
Join Date: Aug 2010
Posts: 289
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Jim, we would never consider selling an rv outright- any monetary 'loss', in our opinion, is offset by the numerous phone calls that we will not be getting from the new owner both with operating questions to demands for assistance for any failures-besides I am not sure that these days there would be much if any loss-dealers with -A's-sitting on the lot, bleeding them dry probably are willing to alot to move a new coach.
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02-04-2012, 06:56 PM
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#6
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Senior Member
Thor Owners Club
Join Date: Jan 2012
Posts: 101
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I was wondering if it is a good time to trade-up (so to speak) with the economy the way is. Think I might just see what kind deal a dealership is willing to give. Any advice on consignment sales.
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Matt Brown / Chief, USN(RET)
2015 Palazzo 35.1 / 2004 Jeep Wrangler X
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02-04-2012, 07:31 PM
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#7
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Senior Member
Join Date: Oct 2006
Location: Rochester NY
Posts: 2,706
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The best model in the US for consignment sales is PPL Motorhomes. They charge a 10% commission on consignment, on the final sale price. This is generally a higher net price to the owner than NADA wholesale, which most dealers offer on a trade, when the new coach is discounted.
NADA average retail and low retail are available on the web; not wholesale, which the dealers have.
__________________
Don
'07 Winnebago Journey 34H - CAT C7, Koni's, MCU's, SS Bell Crank, Safe-T-Plus
'07 HHR Toad, SMI AFO, Blue OX
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02-04-2012, 07:38 PM
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#8
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Senior Member
Join Date: Jan 2011
Location: Pensacola, FL
Posts: 2,457
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In some states that have sales tax (NY is one), the tax on the sale is computed on the "Trade Difference" only. Example: your trade in is valued at 40K, the new unit is selling at 60K. You only pay tax on the 20K difference, not the full 60K.
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2008 Itasca 37H
2011 & 2012 Len & Pat's "One lap of America"
27K miles & 41 states in 13 months
Yellowstone Lake 6-1-2012
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02-05-2012, 06:27 AM
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#9
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Senior Member
Join Date: Aug 2010
Posts: 289
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Consigning your rv, while certainly more convienent to the seller-the Company usually arranges for financing, paperwork, my understanding is that this method does not release the seller, you, of any liability and in fact may increase it depending on the consumer laws in the State in which the deal is done ???
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02-05-2012, 07:23 AM
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#10
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Senior Member
Monaco Owners Club Workhorse Chassis Owner
Join Date: Nov 2009
Posts: 1,363
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Quote:
Originally Posted by rough road
Consigning your rv, while certainly more convienent to the seller-the Company usually arranges for financing, paperwork, my understanding is that this method does not release the seller, you, of any liability and in fact may increase it depending on the consumer laws in the State in which the deal is done ???
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this is partially true.
You release your coach and keys to the consignee. You can keep the title until it sells (as security). Otherwise giving a dealer your rig, keys, and title on... essentially a promise could turn out to be a financial mistake.
As far as FSBO... it costs next to nothing and a few hours time to post your rig for sale online. For less than $150 you can buy a prepaid cell phone, list the rig on 2 national websites with very high traffic, purchase some 4sale signs, and list other local websites such as craigslist.
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02-05-2012, 08:10 AM
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#11
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Senior Member
Join Date: Jul 2011
Location: Evansville,IN
Posts: 152
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trade-in
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02-05-2012, 08:44 AM
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#12
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Senior Member
Winnebago Owners Club Coastal Campers
Join Date: Oct 2009
Location: Marathon, Florida
Posts: 2,909
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We traded in our class C partly due to NY sales tax. Trading saved over $3000 in tax. It was also worth some money to have the dealer do all of the run around. They were interested in the C so they gave us pretty much retail NADA.
If you have the time you could advertize it on Craigslist or something for free and ask what you would like to get to see how the market is then decide. I also think class Cs would be easier to sell in the current economy.
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Mark & Nancy
2004 Winnebago Vectra 40KD
Shep dog, R.I.P. Kenzie dog Toad 2015 Jeep Wrangler Willys Wheeler
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02-05-2012, 07:29 PM
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#13
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Senior Member
Join Date: Jan 2012
Location: Wisconsin
Posts: 195
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I'd say to research it both ways. Depending on what they'll give you for trade and what you could get selling outright. the tax incentive only works if don't think your coach is worth the extra tax break you'll get by trading. IE: if they'll give you 30 and be able to save 3 in taxes, or sell it outright for 40.
When we sold our old DP, we sold it above what the tax savings would be. We were also able to transfer our extended service plan, which in turn save them money as our coach had it since it was new.
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2013 Entegra 44DLQ Ebony Blaze
2014 Ram 1500 Laramie Longhorn Limited Toad
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02-05-2012, 08:33 PM
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#14
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Senior Member
Join Date: Jan 2012
Posts: 122
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I agree, I am in the market for a new TT and I am going to sell it myself. I used to sell TT's so it already makes sense to me
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