StephJohn2010 wrote:
I've been keeping track of the value of my motorhome for fun the past few years. In the last 6 months (in particular), the prices have been dropping HARD. Anyone else noticing this? I'm not interested in selling, but like to keep a pulse on the value. No need for replies telling me how an Rv is a depreciating asset, I already know that... Just surprised at the very rapid drop the past 6 months.
Yours being a 2012, it has just passed the 5 year mark - that's a big deal with the banks. The next big hit will be at the 10 year mark.
Most people don't pay cash, so when the banks get a little shy the value drops quickly.