Forum Discussion
Lurker1
Sep 03, 2016Explorer
et2 wrote:
There is no way I can understand why you lost $40,000 in depreciation on something you purchased used??? How in the world did that happen? You should have negotiated better on that deal. You should have made money or at least broke even.
Take that out of the equation and its a whole other story. There are way to many variables independant to each individual's case. Many people save money doing this or even make some.
To say you've answered it .... Not even close.
To my knowledge, you can't go back in time and look at NADA values, but to the best of my recollection, the NADA value for my coach when I bought it two years ago was ~$142,000 (of course no options checked on the NADA site, LOW retail used.) I paid $130,000, and thought that was a decent price given all the other models I'd looked at over the eight month period I researched, and the NADA price.
As I wrote in an earlier post:
Current NADA value is $106,000
New owners paid $103,000
I received $90,000
Current auction value is $78,000
Interestingly, last November, I was offered $92,000 as the auction value, so in the last 10 months it depreciated $15,000 in absolute value. Mind blowing, right? Hopefully, your model isn't like mine.
Did I overpay? Obviously!!!!! But you can't discount the depreciation I've seen in just the last 10 months.
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