I really feel sorry for those new RVers who have recently purchased or who plan to purchase an RV. The prices are far in excess of value. We are not in the market for ourselves but was thinking of buying a teardrop for our daughter and son in law. Just to get them out of a tent. Trailers that had been listed at $12 grand are nearly $21 grand. A teardrop mind you. Even the used units are out of sight. As in the past when this bubble burst a lot of dealers with go belly up and there will be a glut of used units f s b o where maintenance has not been performed. Nature of the beast.

That is the nature of the beast . Would you expect someone to sell for less than they can get ?

It's reminiscent of the housing bubble. Shame on the lenders for lending at those prices. Especially now with interest so low, it seems like the lenders are just asking for trouble but with little upside. On the one hand, they'll get low interest payments from the borrowers, and on the other hand they'll be facing tons of repos that will just end up going to auction.

AND, remember too, interest eats most of the payment at the beginning, and depreciation eats the re-sale value pretty quickly on new vehicles.Down payment plus first year of mostly interest, then you have the auction value breaking about even on the repossession after what you paid out. The dealer gets paid, the finance company gets paid, and the buyer hold an empty hand when all is said and done. Not a good time to buy new, or even an over-priced used.Occasionally take a quick peek at Truck Campers now, and see the monster prices. Amazing, fifty grand for ten x eight feet of camper. YIKES!

One of the GOOD things for me is the UP-Market on RV'sMine was declared a total. Now before you start expressing sympathy I've been thinking for the last couple of years that I need to start thinking about moving back to a sticks and bricks. This beast is starting to become a bit much for me. What I used to do swiftly is now a 2-3 day job (Set up/packup)And the circumstances of the accident (A hit and run parking lot job) well.. NOT MY FAULT. So due to the UP-Market.. I get more :)

Price goes up when something is popular. I’ll save my sorrows for people’s real needs.

Shearing the sheep | Good Sam Community

monkey44
Nomad II
Sep 16, 2020
AND, remember too, interest eats most of the payment at the beginning, and depreciation eats the re-sale value pretty quickly on new vehicles.

Down payment plus first year of mostly interest, then you have the auction value breaking about even on the repossession after what you paid out. The dealer gets paid, the finance company gets paid, and the buyer hold an empty hand when all is said and done. Not a good time to buy new, or even an over-priced used.

Occasionally take a quick peek at Truck Campers now, and see the monster prices. Amazing, fifty grand for ten x eight feet of camper. YIKES!
dedmiston
Moderator
Sep 16, 2020
It's reminiscent of the housing bubble. Shame on the lenders for lending at those prices. Especially now with interest so low, it seems like the lenders are just asking for trouble but with little upside. On the one hand, they'll get low interest payments from the borrowers, and on the other hand they'll be facing tons of repos that will just end up going to auction.
wanderingbob
Explorer II
Sep 16, 2020
That is the nature of the beast . Would you expect someone to sell for less than they can get ?

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