Future Used RV Market
There have been record numbers of RV's sold during the past year. Many are first time buyers who hope to enjoy the freedoms of camping during the pandemic. Many of these buyers have paid top dol...
Forum Discussion
pulpwood007 wrote:
There have been record numbers of RV's sold during the past year. Many are first time buyers who hope to enjoy the freedoms of camping during the pandemic.
Many of these buyers have paid top dollar for trailers because of supply and demand. They have financed entry level rigs for 10 to 12 years. More expensive trailers can be financed up to 20 years.
Many will take 3 or 4 trips and find camping is not for them, or the pandemic will end and they will go back to their previous ways of vacationing. They will find how difficult it is to get into campgrounds without reservations months in advance.
Will we see many of these buyers decide to sell their new RV's within the next couple of years? What will the used market look like for sellers who have over-paid and financed a rapidly depreciating asset for long periods?
It may well be a good market for buyers, but sellers who are "under water" in their financing may not be able to afford such a "beating".
Nothing has or will have changed, USE RV market WILL be the same as in the past.
What you are saying is the SAME thing that a lot of folks like myself who had to "prepare" for the "Y2K" computer debacle that the "professionals" said the world would go dark and everything computerized would cease to function due to the fact that since the advent of computers no one made "allowances" for the date going to 00..
Folks in a panic (not unlike what we are seeing with the Toilet paper hoarders of 2020) went out and bought every single generator out of stores..
Y2K came in and NOTHING happened, lights stayed on a most computer software still ran (although with wrong date)..
Should have been a stampede of used generators on the used market.. NOTHING of that sort happened.
RVs lose money anyways, anyone taking a loan on a RV acknowledges this by agreeing to P&I payments which not only double but TRIPLE the final cost to buy their RV..
Anyone who thinks they are going to make money on a used once RV outside the manufacturer and dealer is a real dreamer..
RVs wear out, go out of style, rust, break, rot and yes, depreciate in value.. There always will be some need for used RVs and there always will be folks looking at used because someone else took the financial hit before them.. Not everyone has bought new during this time, those are the ones that will win at getting most of their money out of a used RV..
