Trade In Values
I was considering the purchase of a for sale by owner travel trailer. For price negotiation I expected to find the trade in value at nadaguides but only found the low and high retail values. Does an...
Forum Discussion
fyrflie wrote:
Blunderlist is looking for a "value" of the trailer he is looking to purchase for negotiation purposes.
Any new trailer will depreciate the first year (i.e. the moment you tow it off the lot!) ~ 20% and 10% each year thereafter until it's ~ 5 years old, after which it's residual wholesale value is so little that it's retail value truly is determined by how much some one else is willing to pay for it and little to do with so-called "market value". Of course we all like to believe our assets are worth more than they really are, can set our advertised selling price at whatever point we want, but eventually reality sets in and either reduce the asking price or in most cases just keep it. Dealer selling prices on used units should obviously be higher, after all it's a business that has to cover the costs of staying in business and hopefully show a profit, without that there's no point in even being in business. :R
