Hello out there!Still narrowing things down. What is the best way to determine fair market value?2000 Northern Lite $14,900 - Nada states this was 15,085 new and lists current retail at 3900-4715 - way under seller's asking price.1999 Lance $9490 - Nada states new price 18,442 - lists current retail at 5735-68851995 Bigfoot $6700 - Nada states new price 11,950 - lists current retail at 2310-2770All of the asking prices are thousands of dollars over the Nada suggestion - what's up with at?

I do not put much stock in Nada. I have found the fair market value is determined by what something is selling for locally. If a dealer is buying or accepting your TC on trade, it they will expect to pay Nada prices. What they sell you will be substantially higher. The same is true with vehicles of all types.

In my past pricing and research NLs and Bigfoot seem impervious to NADA and have the highest resale and the demand is there. If you want one of those brands, buy it from the owner. The RV dealers really jack the price up. Lance are more common and a little more reasonable but still do well. If you decide to commit long term to RVing these higher quality, well built units will last a long time with a little maintenance and care.

get on google and find out what its selling for ,thats way closer than nada,

Reddog1 wrote:I do not put much stock in Nada. I have found the fair market value is determined by what something is selling for locally. If a dealer is buying or accepting your TC on trade, they will expect to pay Nada prices. What they sell you will be substantially higher. The same is true with vehicles of all types.That sums up my thoughts too, as well as that of the local market where I am - Washington State.It comes down to "what's the local market" rather than the NADA values.Here's an example (for trucks)2006, and 2007 Classic model GM trucks bring a premium, because buyers looking for used GM truck want that model because they are the last "pre DPF" models. Dealers know this, so they can mark them higher, and most customers are willing to pay a premium. The people / data that is used to write NADA and KBB values do not take things like this in to account when writing used vehicle values.

Fair value really is defined by what a seller is willing to let it go for and What a buyer is willing to pay.

Best way to determine fair market value... | Good Sam Community

Reddog1
Explorer II
Nov 25, 2014
I do not put much stock in Nada. I have found the fair market value is determined by what something is selling for locally. If a dealer is buying or accepting your TC on trade, it they will expect to pay Nada prices. What they sell you will be substantially higher. The same is true with vehicles of all types.
nomadictxn
Explorer
Nov 25, 2014
In my past pricing and research NLs and Bigfoot seem impervious to NADA and have the highest resale and the demand is there. If you want one of those brands, buy it from the owner. The RV dealers really jack the price up. Lance are more common and a little more reasonable but still do well. If you decide to commit long term to RVing these higher quality, well built units will last a long time with a little maintenance and care.
midnightsadie
Explorer II
Nov 25, 2014
get on google and find out what its selling for ,thats way closer than nada,
deltabravo
Nomad
Nov 25, 2014
Reddog1 wrote:
I do not put much stock in Nada. I have found the fair market value is determined by what something is selling for locally. If a dealer is buying or accepting your TC on trade, they will expect to pay Nada prices. What they sell you will be substantially higher. The same is true with vehicles of all types.

That sums up my thoughts too, as well as that of the local market where I am - Washington State.

It comes down to "what's the local market" rather than the NADA values.

Here's an example (for trucks)

2006, and 2007 Classic model GM trucks bring a premium, because buyers looking for used GM truck want that model because they are the last "pre DPF" models. Dealers know this, so they can mark them higher, and most customers are willing to pay a premium. The people / data that is used to write NADA and KBB values do not take things like this in to account when writing used vehicle values.
joeshmoe
Explorer
Nov 25, 2014
Fair value really is defined by what a seller is willing to let it go for and What a buyer is willing to pay.
kerry4951
Explorer
Nov 25, 2014
I bet the NADA book value on my 5 year old Arctic Fox is much lower than what I would sell it for. I know how well this TC was cared for and I know how well I took care of it. To me its a 5 year old brand new TC. To NADA its a 5 year old used and abused TC. Throw the book away and go buy the best TC that you can afford and you will be happy.
midnightsadie
Explorer II
Nov 25, 2014
want the real market value? auction one off. on a global auction site.
Oldme
Explorer
Nov 25, 2014
My starting point is Bank Loan Value.

Then I search the web and factor in
what I see and what I am willing to pay.
Photomike
Explorer III
Nov 25, 2014
There is a Lance for sale here that is dirt cheap, way below any book value and it is not selling. There has been a number of NL's and BF for sale way above reasonable pricing (and way above any book price) and they have sold.

Honestly it is what people want and what they are willing to pay.
kayco53
Explorer
Nov 26, 2014
Do yourself a favor and get 4 wheel drive.Bit more fuel and cost but way easier to sell later on.First time the road reall sucks winter camping you will love it.We have had 2 and 4 wheel drive.We did get by with the wheel drive even going skiing with the truck but its just a lot easier 4wd.Good luck.Winter camping and staying at the ski hill or what ever is a lot of fun.