Forum Discussion
Effy
Feb 06, 2014Explorer II
Since all RV depreciation per year model is pretty much the same we'll say the rate is constant. THen 2 factors determine the amount, price paid and length of time owned. If you don't plan on selling them why bother with it. And we all know driving a new RV off the lot puts you at a 20% loss. THey sell a lot of new RV's every year so apparently the doom and gloom on depreciation isn't having the catastophic affect some would have you believe. Again, if you buy an RV as an investment to sell it you are a fool and come talk to me. If you buy an RV for the enjoyment of RV-ing then the number is meaningless. If you buy an RV and find you don't like it, well that's called a mistake. You pay for that one. Big time. But new or used depreciates at about the same rate really. Try buying a 3 yr old MH, using for a year adding miles and getting what you paid. Ain't gonna happen. Again, a used MH will likley offer you a better coach for the same price but it's used. Whoever is selling it takes the depreciation hit - because they sold it. If you take a vacation to an island, Airfare, hotel, car food etc. Technically that depreciates at a rate of 100% when you check out. Did you lose money? No. You got the intagible item called "use". You gained usage in exchange for depreciation. Same with an RV. You get use. Which encapsulates all kinds of things like fun, family, travel, memories which is why we buy rv's in the first place. So unless you made the mistake mentioned above you lose nothing. You paid for a depreciating asset and have a return on investment of use. What's it's value?
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