Forum Discussion
tommyznr
Jul 12, 2023Explorer
APT wrote:
RVs depreciate around the same rate as automobiles. ....
I don't think this is true. I was told that RVs depreciate some amount the first three years and then drop in value slowly from there. I don't remember the percentages.
Antidotal point: We bought a 2004 Suburban for around $35 - $40k and 2004 Keystone Hornet for around $12k brand new. In 2018 we got about $1k for the Suburban and about $8k for the Hornet. The Suburban with 250,000+ miles needed about $5k worth of work, the Hornet needed about $1k worth of work.
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