4x4ord
Jun 15, 2013Explorer III
new or used
I am thinking of purchasing a new 5th wheel and spending a couple months per year touring around. I still haven't nailed down exactly when, but likely in the next couple of years. I wrestle with buyin...
4x4ord wrote:Lantley wrote:4x4ord wrote:
I figure they depreciate about 12% per year and if I am using it regularly I will want to keep it within about 8 years old. So if I were to start with a $90,000 unit it might be worth about $32,000 in 8 years. So roughly $7200 depreciation per year. If I were to buy a 4 year old unit twice for $54,000 each time and keep each one for 4 years, it might cost me about $44,000 for depreciation over the same 8 year period or $5500 per year. I guess in the whole scheme of things its not a big deal one way or the other.
Agree they all depreciate. Financially it's losing proposition.
New or used the only way to get value is to use it as much as possible. The more you use it the more value you get. If you are looking for an investment an RV is not the place to put your money.
My advice is to pick the one you truly like and keep it a long time.
Good luck with you decision.
What you say makes sense. It also gets me thinking. If I am going to go all out and buy an expensive RV with the intent of keeping it a long time it might be well worth it to build a garage to store it in when it is not being used. The garage shouldn't depreciate and it will allow me to be happy with my purchase for a little longer. So now my question becomes: what makes more sense, replace the fiver every 4 or 5 years or build a garage for it and keep the thing for 8 - 10 years?