wintersun wrote:
NADA is based on actual sales and highly unlikely there are many sales in the USA of a 2013 RV much less in your immediate area. RV's can be selling at a hefty discount when people lose their source of income or develop medical or other problems that ends their RV lifestyle.
I would expect that the current owner did not pay cash and has an outstanding loan with a finance company. They are going to want to get enough from the sale to pay off the loan. Not likely that they will be able to do so only one year into the loan but they are going to struggle with taking a big loss. These are sad times for millions of Americans.
NADA values are not based on sales and are very much formula based. They use an algorithm based on historical depreciation numbers and any actual sales recorded by dealers are used as a check number. There are simply too many models available and too few sales to have a sales based data point.
People point to a perceived weak market and tend to attribute their imagined low retail values to that since the RV crash of 2008. Factually, sales have been increasing for the past several years and RV shipments are up 12% this year alone year to date. Incomes are up, discretionary spending is up, and the stock market is hitting all time highs. At this point, the RV market is fairly robust in comparison to historical data.
The unit you describe would have had an original MSRP of around $150,000 and a dealer cost of around $105,000. If the unit is in the condition a 7,000 mile unit should be in, basically new, paying $90,000-100,000 for it now would not be abnormal.
