NADA RV Guide Values

Good morning,

Take it from somebody who's been in the business, you can pretty much throw away any books, especially the NADA book.

The only true value of an NADA book is as a guide to a lender when deciding how much to loan a potential buyer on a particular unit.

Frankly, it's all about the market, and supply and demand -- neither factor is taken into consideration when NADA determines their values.

I've always found that the best way to find the true value of your RV is to advertise it for sale at what you feel would be a fair price. No activity in a week or so? -- drop the price. Let it ride another week or so, then drop it again. Eventually, one of your drops will 'find the market' and the RV will sell.

Frankly, a $34,000 net to you on consignment doesn't sound all that bad, based on the figures you quoted, unless your RV is very unique or would be difficult for a buyer to duplicate within a reasonable shopping radius (say 300 miles, plus or minus).

I hope my ramblings will help you make a good decision.

Rick

Sold my HR Ambassador PRT last week. It was a 37 ft. DP. I advertized it on RV Trader. Used the $14.95, 14 day listing.

I looked up the NADA on mine using no options. The figures were:
Ave. Retail- $83,970
Low Retail- $69,700
I advertized it at $73,900 or best offer
Sold it for $71,000

I had advertized it on RVTrader in April, 2013 for $78,900 OBO and did not get a offer. There is 1 other HR like mine with 40,000 miles advertized in Fl. for $68,900. Mine had 28,000.
A lot of "luck" is required. The couple that bought mine sold their 2005 Damon Astoria this past Friday and purchased mine on Tue. It only takes 1 but you have to find that 1. Also, I had the MH spotless. Washed and waxed. They both remarked about how clean it was.

Be prepared to lose money if you deal with a RV Dealer. La Mesa RV offered me $50,000 for mine. Need to sell it yourself and have it showroom ready when you market it.

When we purchased our current rig in 09, most MOHO's were selling at Low Retail (no options) similar to what peaches&cream identified. Good luck.

Lou
05 Travel Supreme Envoy

peaches&cream wrote:
Sold my HR Ambassador PRT last week. It was a 37 ft. DP. I advertized it on RV Trader. Used the $14.95, 14 day listing.

I looked up the NADA on mine using no options. The figures were:
Ave. Retail- $83,970
Low Retail- $69,700
I advertized it at $73,900 or best offer
Sold it for $71,000

I had advertized it on RVTrader in April, 2013 for $78,900 OBO and did not get a offer. There is 1 other HR like mine with 40,000 miles advertized in Fl. for $68,900. Mine had 28,000.
A lot of "luck" is required. The couple that bought mine sold their 2005 Damon Astoria this past Friday and purchased mine on Tue. It only takes 1 but you have to find that 1. Also, I had the MH spotless. Washed and waxed. They both remarked about how clean it was.

Be prepared to lose money if you deal with a RV Dealer. La Mesa RV offered me $50,000 for mine. Need to sell it yourself and have it showroom ready when you market it.

Great advice and is the perfect way to sell any big ticket item. I was always amazed at how many vehicles I would look at, that were for sale, where the seller did not bother to clean, or stage, his vehicle in any way to make it appeal to a buyer.
The last coach I sold I advertised through Craigslist. My first two contacts were from out of state buyers. The first one to arrive, from 900 miles away, bought the unit and drove it home. My unit was spotless, had a full tank of fresh fuel and propane, and was recently serviced and ready to go. I am sure that I netted thousands of dollars more than if I turned it over to a dealer and paid them their commission. Total time from listing, to money in my pocket, was 4 days.

Ron, if you prepped it I have no doubt that it was gorgeous. Your restorations are amazing. I'd love to have a restored version of my parents '58 red and white Bel Air station wagon.

We recently traded in our TT for a new MH - a different situation from yours, granted. However, we traded it in for what we paid for it three years ago. We used the NADA book as a guide and insisted on high retail. We also negotiated the lowest price possible on the new unit, based on the lowest prices we saw on the internet or quotes we got from wholesale dealers. We think we got an amazing deal, and have no regrets.

I think you'll always make more if you can do a private sale, but if you price it, advertise it and don't get any bites it might be worth considering a consignment sale.

eabc5454 wrote:
Ron, if you prepped it I have no doubt that it was gorgeous. Your restorations are amazing. I'd love to have a restored version of my parents '58 red and white Bel Air station wagon.

We recently traded in our TT for a new MH - a different situation from yours, granted. However, we traded it in for what we paid for it three years ago. We used the NADA book as a guide and insisted on high retail. We also negotiated the lowest price possible on the new unit, based on the lowest prices we saw on the internet or quotes we got from wholesale dealers. We think we got an amazing deal, and have no regrets.

I think you'll always make more if you can do a private sale, but if you price it, advertise it and don't get any bites it might be worth considering a consignment sale.

Congratulatios. Some people know how to deal. I have never been able to sell for "high retail" and purchase for "wholesale".