dougrainer wrote:
Average value for your model is 25k, not 35k. While it IS your baby, you have to be realistic on the real value of that motorhome. One thing novices do when they go to the Kelly type sites is they ADD all what they think is optional equipment. REAL NADA books already have those options as standard equipment built into the price listed, which is where the actual 25k value comes from. Doug
Better yet to find real value is to thoroughly search the unit on the web to see what it is selling for. Valuing at "Book"....even just the Base w/o option adders, can be a huge mistake. It varies by brand and model, but many actually sell for far, far less than book. PPL Motorhomes has good information on their website about this. The "books" usually just take off a certain amount each year because there aren't a ton of each brand/model length, etc. selling in any given year to get a good used market price. That practice can be quite inaccurate.
That said, I'm sure most Insurance Companies and Banks use the book value.