We are in the market to buy a used TT or 5th wheel. We're not good at negotiating the asking price and trade in value. For those of you that are, how do you consider what to pay for the new or used camper versus what they are asking and how much your camper is worth. Also how much information do you give the salesman while negotiating. I don't like to tell them if I'm paying cash or getting a loan but they always ask. Any information you have in negotiating for a new camper will be helpful. Thanks!
If you are purchasing 'preowned' the condition of the unit is probably more important than anything else. The dealerships often try to get more profit from you by selling you a 'starter kit' worth almost nothing for several hundred dollars. Try to pass on it.
For preowned you can just about figure that the coach will have depreciated about 50 percent in five years from new. That is generally a good indicator of about what it is worth.
Don't confuse your 'trade-in' with the coach price of what you are looking for. Establish the price you pay first for what you want and then the value they will give you for what you have. If you tell the dealership you have a trade up front they will work the numbers that either you don't get as much for the trade or you get more for the trade and pay more for the coach you want. It is a numbers game.
As far as what you tell the dealership folks-- as little as possible in the beginning. They will ask questions to understand if you are a serious buyer and that is OK. They will ask if you want to pay cash or finance. It is OK to answer that. If they ask about a possible trade, just tell them what you have but first you want to find the coach you now want and at the price you want to pay. Then you can work the numbers on the trade. Expect to get very little for your trade if you play hardball with the dealership on the one you now want. Make sure the coach has batteries, propane, PDI, wheel bearings and brakes checked and new tires if not new included in the price. Maybe even a nice hitch.
If you still owe money on the trade it gets more complicated as the dealership will try to get you out of the loan by often increasing the value they give you to get you out of it while at the same time giving you less of a break on the newer coach you now want. Be certain you know the loan amount still outstanding before you walk into a dealership. That is an important number.
Be able to walk away from a deal if it does not feel right for you.