Travel Trailer Depreciation?
What is the "rule of thumb" depreciation on used travel trailers? I know that if the MSRP is real(lol) than 25%-30% off new. what is the norm for 2-5 year depreciation schedules? thanks to everyo...
Forum Discussion
Gdetrailer wrote:
Personally, I wouldn't take money out of my investments for this type of purpose.. Instead I SAVE and SET ASIDE some money EVERY MONTH for these types of purchases BEFORE I BUY..
Yes, it IS and "old fashioned" and out of date "approach" to handling money and finances.. But it DOES WORK..
This is exactly what I'm doing. My wife and I decided in 2012 that we wanted to upgrade from the pop-up to a travel trailer, and the associated tow vehicle. Every month I've auto-deposited some money into an investment account, not a lot mind you, but that money has added up. Summer of 2016 we should have enough saved up to make sizable down payments on the truck and trailer such that payments on both will be very manageable.
Now, the wait is absolutely killing me. But I know this is the right approach for us. I'd hate to end up "trailer poor" as a result of pulling the trigger too early. Plus it has allowed us to research the heck out of the purchases and hone in on exactly what we want. Regarding depreciation, I couldn't care less as we plan on keeping the rig at least 10 years until the kids are out of high school.
