Quote:
Originally Posted by fatsurf
RV's are like houses. The value is set by the buyer not the seller. Price it close and let the market determine the value. Or just ask to high a price and continue to enjoy your depreciating asset for the foreseeable future.
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That is exactly why I did not try to get top dollar. By selling at a fair price for all, I stopped $11-$12,000 annual depreciation. I also eliminated the cost of servicing of the chassis and house. Plus, now I'm getting a nice safe return on the proceeds. All things considered, it amounts to a $25,000/year plus for the bottom line. And that's before the added cost of fuel. We enjoyed it while we had it, but our life style changed and no longer needed it nor could we justify it.
I suspect RV's will drop along with what we see happening to home values now. In uncertain times, the recreation sector is one of the first to adjust.