Anyone out there adhere to the "new rig every six year rule?

Wow, only 6 years?
Well, then you never have to replace tires or batteries....
I guess I don't mind replacing tires and batteries, we are at twelve years on this coach and it is forty five years old. I do often consider that I might replace it with newer technology, but there aren't any. Maybe I will just hold out until there is one that is driverless and solar powered. Until then, we will just lover her as she deserves.

Matt

Toedtoes wrote:"It's only worth that if you're planning on selling it."
That really says it all.
Value of the RV is not found in a little black book nor does it come from a bank statement.
Value comes from use. Use it and you will get value. Use it even more and you will get more value.
Let it sit idle for long periods and you are not getting much value.
Book Value,resale value,purchase price are all secondary to actual usage when it comes to determining value.

Lantley wrote:

toedtoes wrote:

Lantley wrote:
I don't believe in the 6 year rule. But there is some sort of age rule out there.
Maybe it's more like 10 or 12. At some point the RV wears thin and needs some upgrading. While it may remain functional for the most part, the interior becomes dated and the resale value plummets.
Maybe it's different for every rig. But there is a point where selling an upgrading is more beneficial than holding on to it until the wheels fall off and its value erodes to almost nothing.
How many rigs do we see that have rotted away that should have been sold when they had some value remaining.

I'm not sure I agree with this. If you aren't using it, then selling it instead of letting it rot is a good thing. But if you use it and maintain it as much as possible, why not run it to the ground.

The money I have put into my 42 year old clipper is far less than I would have put into buying something much newer and I plan on using it until its in pieces. Who cares about getting any monetary value out of it, I'm getting a much better value by keeping and using it.

Running it into the ground will result in an RV with zero /minimal resale value because the RV is 42 years old and worn out vs. selling that RV when it has 5-10K worth of resale value remaining.

There is a point of no return when the RV is only valuable to the owner.For the most part this is OK as long as the RV is being used it is providing its full value even if its book value is close to zero.
There is a balancing act between selling and keeping. Maintenance required to keep the old one viable vs. getting a fresher updated model. I don't think it is as simple as keep it to the wheels fall off.It is possible to put too much money into a tired worn out RV vs. throwing in the towel and getting something newer/in better shape.
In the end there is no date or amount of years that will determine the time to sell/trade. Condition of the RV,the desire and ability to use RV will be bigger factors.

I have about $15-17k in my 42 year old clipper including purchase price. Most of that has been repairs for neglected maintenance and age-related deterioration (i.e., rubber).

Even if I spent more than double that, I would still have paid less for a functional RV than if I bought a new to 6yr old one. And my costs will drop on my current rig as age-related issues are fixed. With that newer RV, my costs will go up over the next 10-15 years as age-related issues start.

And that doesn't address the build quality - I have a mold fiberglass body and roof, with off-set seams. The construction on my RV is far better than any motorhome built today and will easily last as long as I can drive.

It doesn't matter if I put more money into my rig than it is worth because I have still spent less money than I would if I had bought something newer.

As told to a sibling when she was all excited over the "value" of some old prints - it's only worth that if you're planning on selling it."

I heard a similar rule, except it was called the three year rule, where you traded in your vehicle every three years. Great for car salespeople, but why spend money repeatedly on a depreciating item?

I am going to replace my current rig, as it doesn't suit my needs, and the next rig is intended to be my last RV unless things change fundamentally in my life. To do this requires a lot more cash than a "normal" RV, but it is worth it, since most rigs made after 2008 tend to fall apart well before the 10 year mark.

I jumped out of my last fifth wheel that I had for 8 years ONLY because a deal was dropped in my lap, and I was able to UPGRADE to all push buttons.. auto leve, auto awning, ect... Much easier on me now

Lantley wrote:
don't think the next RV impacts the equation.
Your 2005 is now 12 years old with lots of life in it I agree I have a 2007 truck that I am fond of. However as it ages and wears its value will deteriorate as it becomes old and worn. By 2025 it will be 20 years old and sort of worn out , much in the way you are not interested in buying a 1997 model year today.
It's more about the value of your current RV.
I understand you have no motivation or desire to sell /trade your current unit. But if you continue to play the RV game you will eventually upgrade due to the wear and tear on your current unit.
They just don't last forever!
When that time comes you will choose from what is available at the time in your price range.
While there is no six year rule, there should a thought to sell your RV while it still has some value vs. taking it to the grave or spending too much to keep it viable.
Do you put a new $5k rubber roof on an RV that is worth $6K, those are the decisions we all want to avoid.

A very thoughtful response!

Thanks.

P.S. The only reason the DW and myself can think of for trading from our current "perfect" 2WD Class C RV at some point would be only for a style change - such as maybe going to a 4X4 Class B/B+ - as we sometimes want to explore and/or drycamp in areas that are recommended for 4X4 vehicles on very rough roads.

We need a 6 page rule for this one folks.....

pnichols wrote:
All the above discussions regarding the negatives of keeping an RV "too long" assume one thing - that when looking for a replacement one can find a replacement that equals or beats what is being replaced, value-wise.

For example, from an absolute perspective ... sure I could buy a 2018 Coach House that does everything our 2005 Itasca does (except for the Coach House having smaller tanks), but I'd have to lay out 3X what I paid for the Itasca (maybe only 2.5X when adjusted for inflation). Does it make any kind of non-emotional economic sense for me to do that ... none at all.

There is one caveat however: For motorized RVs the chassis still has to be maintainable, parts-wise and service-wise as the years pass by. This is not so much of a concern with towable RVs.

I don't think the next RV impacts the equation.
Your 2005 is now 12 years old with lots of life in it I agree I have a 2007 truck that I am fond of. However as it ages and wears its value will deteriorate as it becomes old and worn. By 2025 it will be 20 years old and sort of worn out , much in the way you are not interested in buying a 1997 model year today.
It's more about the value of your current RV.
I understand you have no motivation or desire to sell /trade your current unit. But if you continue to play the RV game you will eventually upgrade due to the wear and tear on your current unit.
They just don't last forever!
When that time comes you will choose from what is available at the time in your price range.
While there is no six year rule, there should a thought to sell your RV while it still has some value vs. taking it to the grave or spending too much to keep it viable.
Do you put a new $5k rubber roof on an RV that is worth $6K, those are the decisions we all want to avoid.

All the above discussions regarding the negatives of keeping an RV "too long" assume one thing - that when looking for a replacement one can find a replacement that equals or beats what is being replaced, value-wise.

For example, from an absolute perspective ... sure I could buy a 2018 Coach House that does everything our 2005 Itasca does (except for the Coach House having smaller tanks), but I'd have to lay out 3X what I paid for the Itasca (maybe only 2.5X when adjusted for inflation). Does it make any kind of non-emotional economic sense for me to do that ... none at all.

There is one caveat however: For motorized RVs the chassis still has to be maintainable, parts-wise and service-wise as the years pass by. This is not so much of a concern with towable RVs.

jplante4 wrote:
I'm not sure a properly maintained RV will ever be worth zero. I bought my first gasser for $12.5 and put about $5k into it over the 2 years I owned it. The next owner bought it for $13k and put something into it (I know because he called me for help on a couple of things) and it's on CL for $14.5k now. We're talking a 1995 P30 chassis beach buggy here.

I can agree that a properly maintained RV will always have a residual minimal value.
But let's take the 12.5K RV you had. Between the 3 owners how much did you spend over a 3-5 year period to keep it well maintained? did you spend/invest $15K between all 3 owners on an RV that is still only worth 14-15K? There is a point of diminishing return where you start putting good money into a bad project.
My venerable 2007 Duramax Dually has 280K miles on it, If the tranny fails tomorrow do I put a new $5K Allison transmission in it or do I put that 5K into a newer truck?
Do I sell now while the truck is still worth $15K, or do I hold onto to it until the tranny failure plummets that $15K value to only $5K. If only we had a crystal ball to tells us exactly when to buy and sell to maximise our finances.
In the end despite the love we have for our current RV, there is a dollars and cents decision to be made when it comes time to sell.
However as long as the RV is getting the job done you are still getting full value out of it, the value of the RV is not strictly determined by its cash value. Cash value is only one factor in determining an RV's worth to its current owner.