Trade-ins... when did things change?

pacificnw wrote:
I am not seeking 30k for a trade-in. Like any reasonable owner I am seeking a fair valuation so that I know what its worth. That way one can see how much room there is between what it could potentially be sold for and what the dealer is offering. Profit is what keeps dealers in business. Fair pricing is what keep customers coming back. I am sorry but a 12k to 15k profit is gouging.

I think the offer of $18,000.00 is within the realm of reality. As mentioned very few banks will lend money on a motorhome that old. That means all the money the dealer spends will be out of pocket sitting in inventory until it sells for cash. That could be only a few weeks, or it could be several months.

We had a similar situation when trading in a 12+ year old motorhome. It was in perfect condition, but had over 100,000 miles on the odometer. We visited several dealers, and the best offer by far was a little over 60% of the supposed NADA retail.

We saw it advertised a week later at about 80% of the supposed retail. It was sold within a month, and I doubt the new owner paid the asking price.