Quote:
Originally Posted by summ
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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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.