Depreciation
Is there any reliable information on the internet that would show the depreciation rates for USED Motorhomes? I have done a preliminary search but can't find any useful information so far. I am hopi...
Forum Discussion
mda wrote:Agreed. When I was researching the value of the RV I ended up purchasing, the pricing guides were of no use whatsoever.
Another factor in determining cost, value or selling price is the market where the unit is for sell. Since your unit is ten years old, it has taken the biggest hit in depreciation since new. The value now will be determined on condition and how well the unit has been maintained, not the age of the unit.
I wanted a used 22 footer Class C with a fixed bed in the back but I found none in my price range in Southern California, Las Vegas and even Arizona. (The 22/23 footers available and in my price range all required one to convert the dining table to a bed - something I didn't want to do every night.) The one I ended up buying was valued at $11,000 according to NADA but I paid $17,000 for it. Given the condition it was in (like new), the low miles (24,000) and the fact there there was nothing available like it within hundreds of miles, it could have easily sold for several thousand more.
