Used class A example - where are these prices coming from?

[TriumphGuy]

Perusing what's out there and found this somewhat nearby. If I could buy now I might at least ask why they're asking so much. Or am I out to lunch?

http://greenville.craigslist.org/rvs/4867071555.html

NADA low/hi retail is - we'll, nowhere near this asking price:

http://www.nadaguides.com/RVs/2008/Georgetown/M-350TS-Limited-Ford/3049299/Values

When I see listings like this, I don't even bother to call. How do you talk someone down from such a high price? For comparison, I got a quote from rvdirect for a 2015 Georgetown 351 ... $85k. Brand new.

I don't want to start any arguments but I'm genuinely curious about this. How do you bring reality to a seller, or do you even try?

[willald]

As already said, this is most likely a case of someone who for one reason or another, is extremely 'upside down' on their loan - They owe far more for their unit than it is worth, and are trying to get enough selling it to pay off the loan. Not uncommon at all.

That, or they just have no clue what their RV is truly worth, and are looking for someone dumb enough to over-pay for it (like they may well have done originally). 🙂

I don't think I'd ignore the ad completely, if I liked everything else about the unit and was in the market for such. I would ask them if they are willing to negotiate on the price, and try to *politely* inform them, by providing various links to NADA, comparable units for sale, etc., that they are asking considerably more for their RV than it is worth.

If they won't budge and be more realistic, well, easy enough to just move on and keep looking. 🙂

[TriumphGuy]

RedJeep wrote:
Wow. I just bought yesterday the same exact year and model even the same color for $45k. Only 32k miles.

This post just made me feel real good.

Note: to the next poster, if you just bought this same RV for $35k please keep it to yourself!

Hi RedJeep - congrats on the new MH! Based on (what I think I know about) used prices I'd say you got a nice deal. And I doubt someone would come along claiming $35k unless it was really rough!

rjxj wrote:
Georgetown

2

2009

Good examples of fairly reasonable asking prices. Of course I'd try to get them down to what RedJeep got, but seeing a numbers like those would keep me interested. Versus making me scratch my head wondering what they're thinking...

[JumboJet]

Maybe they are hoping for an offer from Nigeria.

[dodge_guy]

Just another post that shows how everyone goes by MSRP! that MH sold brand new for around $80k +/-. even now you can buy the same thing brand new for $85k

[schlep1967]

This is what you get when the original buyer was silly enough to pay full retail for something they just had to have. Only to find out shortly after they really didn't think it through. They really can't afford the payments and to drive it to campgrounds. And now the "friends" they were trying to keep up with are doing the condo thing!

[azrving]

Georgetown

2

2009

[RedJeep]

Wow. I just bought yesterday the same exact year and model even the same color for $45k. Only 32k miles.

This post just made me feel real good.

Note: to the next poster, if you just bought this same RV for $35k please keep it to yourself!

[Mike_NW]

My guess is the asking price approximates the debt they owe on the unit. Some people have a hard time understanding that the balance you owe is not the value of the unit. We encountered the same issues while searching for a unit a few years ago. One of the most important things when buying a unit is to understand the market value and the right debt level to have on the purchase.

[gfs1943]

Probably wouldn't hurt to call or email and ask if they are open to offers. My suspicion is that they are upside down on the financing and need the asked amount to pay it off. If that's the case, they probably will not be interested in a lower offer.

You may pick it up for a reasonable price later, after it's repo'ed.