Good deal or not a good deal?
First time poster and purchaser of an RV. I work internationally half the year and the other half I spend off. The last 4 yrs I've traveled the world. Now I want to travel around my home country when ...
Forum Discussion
The amount of money calls for some study and research. You're not buying a $5000 car. First of all, RV's depreciate a LOT and it's 10 years old. He may very well owe more than it's worth if he's had it financed for 10 years. I would look up the trade-in value in the NADA book and use that as a referrence point. But I would offer much less than what he owes on it. It would be better if it wasn't a friend. We bought a 10 year old 30 ft. Class C and paid roughly 1/3 of the original retail price. Paid $23000 for an originally 85000 MH so that gives an idea of the depreciation. And the more they cost originally, the more they depreciate in dollars.
