Are NADA prices accurate?
Are NADA prices accurate? I keep seeing listings with people asking way more than NADA and wonder if these people are getting what they are asking or are they in fantasy land. I just saw a 1997 roadtr...
Forum Discussion
SkiMore wrote:Ralph Cramden wrote:
Most people who are selling a late model rv are not in fantasyland, they're in upside down debt land because they first paid way more than they had to, and second they took the 120 or 144 month financing. Even 4 or 5 years after the purchase they still owe as much as they paid, thevting has depreciated close to 50%, and they'll never admit to making a bad financial decision. They're making a vain attempt at breaking even.
The free online NADA is not the subscription version used by dealers.
I understand upside down, but are they getting what they ask?
Are the prices in the dealer version of NADA very different than the free one I'm looking at?
1...For the most part no.....unless they luck into finding another sucker.
2....The average retail is close to the same, but even dealers seldom get average retail on a used rig. The subscription version gives you different ranges including wholesale value. If you want to estimate wholesale value take the low retail number at online NADA and subrract 35%. Thats what a dealer will offer on trade if a rig is in Pristine condition. He'll then list it at average retail intending to get somewhere in the middle or less.
