TwistedGray wrote:
valhalla360 wrote:
3) Dealer prices are always higher than NADA. They are in it to make money. Private sales are all over the place because most haven't got a clue what it's worth.
Dealers also have overhead to pay (employee pay, benefits, leasing/building costs, utilities, etc), and private parties do not. Yes, they are in place to make money, but they also have an extensive list of costs that you and I don't factor in.
Durb wrote:
In my experience NADA was not even in the ballpark. I sold a trailer 6 years ago for $21k and NADA was $8k. The problem is many lenders use NADA for loan guidance. I suggest you do a lot of research and looking. You will soon get a real good idea of what is a good price or a poor price. You may walk away from some good deals but when you see a great deal you will know immediately. I agree with the above, condition is the key.
Agree, but expect any private party buyer to quote NADA values. You should go through Craigslist, Facebook, and other sites to have a ballpark of what comparables are and be ready to defend you pricing should it be more.
The one thing I will add - If you are buying and planning to (re)sell and upgrade (for example), consider what you are buying and how many of that type exist on Craigslist, Facebook, and other sites. If there are hundreds of available then you are going to be one of those when you go to (re)sell. In other words, good luck.
You are never going to go wrong if you over research ; )
All of the dealer pricing that I have seen bounced against the NADA pricing shows the dealer pricing considerably lower or equal to the NADA pricing which surprised me. Most of the private party pricing has always been much higher than the NADA pricing which I think bears out that most private sellers don't seem to know much about NADA where the dealers are in the business of knowing what an RV is worth. Just my observation which could be wrong for various reasons.
