Forum Discussion

Sam4msu's avatar
Sam4msu
Explorer
Sep 28, 2017

NADA

I'm looking at a used travel trailer and am curious how accurate the NADA values I am getting online are. The asking price is about $2000 more than what NADA.com lists as average retail. I will be purchasing from a dealer who has done an inspection on the trailer and will include a "starter kit". For the record, this is our first travel trailer.
  • I think NADA must depreciate trailers based on a formula that not all brands adhere to. I sold a trailer for $21K and NADA was $8K. It caused me a problem with a potential indignant buyer. In the end the marketplace decides so some homework is necessary.
  • NADA relies on a large volume of data points based on actual automobile sales as reported by their dealers. That makes NADA very reliable when it comes to AUTOMOBILE prices.

    RVs present a different challenge. More diversity of models, and size within model lines. Fewer data points, especially for used RV sales.
  • And NADA pricing or anything else that is "benchmark" is only that, a generalization. Doesn't matter if the product is Trailers and Motorhomes, cars and trucks, or even refrigerators. If you aren't happy with the price of something then you need to walk away. Otherwise you need to grit your teeth and accept the flim-flam you feel you might be getting a the cost of doing business. I once purchased a used car from a lot and saw that they added some ridiculous fee for "dealer prep" after the negotiated price was agreed on. I wasn't brave enough to challenge it and ate the expense. Was I wrong? Sure. Did I get taken? Sure. But I didn't walk away either so I deserved the treatment as unfair as it seemed to be.

    When we purchase anything we tend to forget that nobody is holding a gun to our heads forcing the transaction. The only "gun" is our emotions that too often control out common sense.