Buying a known (?) problem
Would you willingly buy an RV with water damage if the price was right? Hubby and I own a 2004 Gulf Stream Class C which has served us faithfully; but now we're pondering going south with our 3 dog...
Forum Discussion
Deb and Ed M,
Yes, $14k to $16K would be about the normal "asking" price for a well optioned out in excellent condition mid-quality/mid-price level ($35K to $45K+ original MSRP) 27'-30' used 2003-2005 5th wheel with a large slide. Of course, nobody in their right mind would pay the asking price and owning a used vehicle lot, there's no doubt you know that so well. A new 5th wheel will normally sell for between 20% and 35% off the suggested listed price (MSRP).
Used RV's are all over the final selling price spectrum in negotiated final selling price discounts off the "asking" price. So much depends on what the dealer has invested in the used unit, it's condition, and how long it's been on his lot. That's what NADA etc does is give relative ideas as to the value of various items. Condition, age, time of the year of selling, the locality or region it's in, and how motivated the seller is to move the RV, etc.
Private party RV pricing is usually somewaht along the same pattern as most sellers check lot prices of comparable RV units and references like NADA Blue Book or both before offering their RV for sale. Yes, you will find mavericks on both the over priced and under priced items for sale. Usually, the under priced items sell real quick but the over priced items are dogs in the market price until one of the few and far between is willing to pay the higher price because it's exactly what he wants or needs and hasn't been able to find any others.
If the Gulf Stream this thread is about is what you really want and it can be bought at a very good price, I wouldn't be afraid to buy it after checking it out thoroughly and doing the repair. It would be fun to me and my wife would also jump right in and help as much as she can! We're a team and have been for over 52 years now! Also, both you and I have a large enough and high enough heated building to work and repair it in comfortably and that's real important. Bought very cheap and repaired properly, it will be worth a lot more and will be able to be sold in the future or several years down the road for more than just recouping all your money spent but then some. While in the mean time, it served you well for your wants and needs when you used it and will always have the memories that no money can buy.
BTW, we were at Camping World at American RV this afternoon (Sunday from about 1PM till after 3PM), their last Sunday of being open until next April, buying 2 Zappy 3 pro scooters and some other things and that's right in the same area you were scoping the used RV's in. Probably on South Division Ave? Ya should have waved to us! haha
Yes, $14k to $16K would be about the normal "asking" price for a well optioned out in excellent condition mid-quality/mid-price level ($35K to $45K+ original MSRP) 27'-30' used 2003-2005 5th wheel with a large slide. Of course, nobody in their right mind would pay the asking price and owning a used vehicle lot, there's no doubt you know that so well. A new 5th wheel will normally sell for between 20% and 35% off the suggested listed price (MSRP).
Used RV's are all over the final selling price spectrum in negotiated final selling price discounts off the "asking" price. So much depends on what the dealer has invested in the used unit, it's condition, and how long it's been on his lot. That's what NADA etc does is give relative ideas as to the value of various items. Condition, age, time of the year of selling, the locality or region it's in, and how motivated the seller is to move the RV, etc.
Private party RV pricing is usually somewaht along the same pattern as most sellers check lot prices of comparable RV units and references like NADA Blue Book or both before offering their RV for sale. Yes, you will find mavericks on both the over priced and under priced items for sale. Usually, the under priced items sell real quick but the over priced items are dogs in the market price until one of the few and far between is willing to pay the higher price because it's exactly what he wants or needs and hasn't been able to find any others.
If the Gulf Stream this thread is about is what you really want and it can be bought at a very good price, I wouldn't be afraid to buy it after checking it out thoroughly and doing the repair. It would be fun to me and my wife would also jump right in and help as much as she can! We're a team and have been for over 52 years now! Also, both you and I have a large enough and high enough heated building to work and repair it in comfortably and that's real important. Bought very cheap and repaired properly, it will be worth a lot more and will be able to be sold in the future or several years down the road for more than just recouping all your money spent but then some. While in the mean time, it served you well for your wants and needs when you used it and will always have the memories that no money can buy.
BTW, we were at Camping World at American RV this afternoon (Sunday from about 1PM till after 3PM), their last Sunday of being open until next April, buying 2 Zappy 3 pro scooters and some other things and that's right in the same area you were scoping the used RV's in. Probably on South Division Ave? Ya should have waved to us! haha
