My prediction for the future..
RV sales have been red hot for a few years. During Covid19 they couldn't keep them in stock, at least around here. That means there's a lot of quasi-impulse buys out there. In the near future there...
Forum Discussion
Boon Docker wrote:Gdetrailer wrote:
Doubtful..
While you might find a few folks drop out because RV lifestyle they bought into on impulse doesn't fit their lives, in the long run there most likely will be nearly zero effect on how many used units come up for sale or an effect on lowering prices (fire sale) on those units.
I look at it the same way things happened leading up to and after the "Y2K" scare (remember that?). To refresh your memory, everything computerized was supposed to quit during the transition from Dec 31, 1999 to Jan 1, 2000 due to programmers not thinking ahead and using 4 digit yrs in the date codes.. Everyone was panic scared into buying massive quantities of MREs, water and generators to the point of zero gens to be found in stock anywhere.
Jan 1, 2000 came and went with not even one little blip in power..
I figured there would be massive amount of unused gens flooding the secondary market.. Nothing, no massive sell off of gens after Y2K.. Bet there are still millions of unused gens sitting in boxes in peoples garages that have never seen the light of day since they were built in 1999 or before..
If you think your gonna find a after Covid fire sale bargain, thing again.
If you really want to go camping, buy what you like, pay the price and move on..
The fear of "Missing Out" of a bargain needs to be gotten over.
Generator and Trailers. apples and oranges.
A generator is not a big investment to warranty selling it to get your investment back, an RV is a totally different story.
Good unused gen you will easily get 75% or more back selling it..
A unused or once used RV of any kind your going to go bankrupt attempting to get from under the upside down loan and will be lucky to get 50% on fire sale of what they owe..
Big difference in loss..
Most folks are not going to sell their panic bought RV unless they can break even on the outstanding loan, otherwise they would have to take out a high interest rate personal loan to cover the gap between what the loan balance is and the lower sale price they get.
So, in other words they will have to go through paying on a RV they no longer want until the loan is satisfied and then sell it or take out a expensive high interest rate personal loan to cover the loss and sell the RV..
Not a lot of folks are going to or be able to take the option B.
