@tommyznr. You just proved my point. With your example about the truck vs the suv. And all the “conditions” you mentioned for the good value of the old camper.
Vehicles don’t even all depreciate at the same rate. Your attempt at oversimplifying the depreciation rates of vehicles and RVs is just that, oversimplified.
Sooo many other factors that a blanket statement is almost wholly inapplicable.
But in general they are similar depreciating assets, always have been.
But I’m keenly aware of the residual value of GMT800 suvs and similar as they seem to keep making their way to my house as cheap commuter/kid vehicles.
Unless more to the story, if you had a good running GMT 800 burb with 250k and not rusted out that needed (well shocks are the better part of $1000 in parts if it had air level) minor things like you said, and sold it for $1000, someone got a good deal. However it’s splitting hairs even though maybe you could have sold it for 150% more, that’s only a few % points more in overall residual value.
But even where you live in Cheeseland makes a huge difference. Your stuff in general would fetch more down south than up north where the economy has been and is perpetually severely depressed.
Cheers, man.
