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Old 01-31-2017, 09:37 AM   #1
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Default An article on RV depreciation.

RV Depreciation: Everything you could possibly want to know - Camper Report
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Old 01-31-2017, 07:56 PM   #2
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How depressingly informative.
Things you knew but didn't want confirmed.
Thanks for sharing - it's good information for anyone in the market, whether buying or selling.
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Old 01-31-2017, 09:47 PM   #3
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We the article does leave out a very important point which was does the depreciation start from the MSRP or the best negotiated price of a new RV. Since the MSRP is 20-30% higher than the actual price paid, I would be surprised that a one year RV would be another 21% lower than the actual best purchase price, but who knows.
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Old 02-01-2017, 04:46 AM   #4
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I bought my 2007 189fbs in 2008 for $11,000 tree fell on it feb 2016 insurance totaled it for $10,000 - 500 ded =$9,500 to me.
Not bad if you asked me.
I think they go by MSRP.
New camper 2017 keystone 1750rd paid $11,500 6/17 MSRP was $17,800.
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Old 02-01-2017, 09:59 AM   #5
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We the article does leave out a very important point which was does the depreciation start from the MSRP or the best negotiated price of a new RV. Since the MSRP is 20-30% higher than the actual price paid, I would be surprised that a one year RV would be another 21% lower than the actual best purchase price, but who knows.
Good point.
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Old 02-01-2017, 10:10 AM   #6
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I bought my 2007 189fbs in 2008 for $11,000 tree fell on it feb 2016 insurance totaled it for $10,000 - 500 ded =$9,500 to me.
Not bad if you asked me.
I think they go by MSRP.
New camper 2017 keystone 1750rd paid $11,500 6/17 MSRP was $17,800.
Yes, your insurance company did very well by you. It looks like you paid about what you should have for the Keystone. Did they try to tack on charges? Our dealer tried on our used FF. I refused the $900!
https://www.rvtrader.com/dealers/Joh...50RD-120521901
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Old 02-01-2017, 10:47 AM   #7
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no extra charges,just inspection and sales tax. I got 30 nights free camping thousand trails used 12 nights no charges 4 different campgrounds ,gonna use 6 more by the time it expires july 2017.

Also got a forever warranty ,must have inspected yearly for $150 at dealer
hitch to bumper can be done any auth rv shop ,might cost less at local place.
going to dealer at 1 year anniversary after that im not sure yet.?

For both campers my insurance ask the list price ,not what I paid ?
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Old 02-01-2017, 12:48 PM   #8
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Also I received a $45 credit as I didn't need the free sarter kit.
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Old 02-01-2017, 06:01 PM   #9
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no extra charges,just inspection and sales tax. I got 30 nights free camping thousand trails used 12 nights no charges 4 different campgrounds ,gonna use 6 more by the time it expires july 2017.

Also got a forever warranty ,must have inspected yearly for $150 at dealer
hitch to bumper can be done any auth rv shop ,might cost less at local place.
going to dealer at 1 year anniversary after that im not sure yet.?

For both campers my insurance ask the list price ,not what I paid ?
Inspection?? What is that?
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Old 02-02-2017, 04:32 AM   #10
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NY state safety inspection $10.00 in ny trailers have to be inspected every year just like cars.
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Old 02-02-2017, 05:59 AM   #11
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NY state safety inspection $10.00 in ny trailers have to be inspected every year just like cars.
Michigan has a lot of money grabbing ways but at least not those two.
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Old 02-03-2017, 01:08 AM   #12
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Thank God Michigan does not screw us with inspections, but they do screw us with a $200 trailer license plate.
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Old 02-03-2017, 04:52 AM   #13
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The two things that don't depreciate are:

1. Land

2. Houses (as long as maintained)

All licensed vehicles depreciate....until they become 'antique'.

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Old 02-03-2017, 07:07 AM   #14
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Thank God Michigan does not screw us with inspections, but they do screw us with a $200 trailer license plate.
Yes, they just started turning the screws more this year with the useless gas tax and exorbitant registration increases! And of course the insurance company robberies with the shameful MCCA fee ($150) they attach to our insurance bills on each vehicle. We all pay for bad drivers.
"In the state of Michigan your medical benefits are unlimited if you're injured in an auto accident and the MCCA makes sure that insurance companies don't have to pay more than $545,000 of the damages. The MCCA fee is the portion that you pay per vehicle to keep this association going."
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Old 02-03-2017, 07:08 AM   #15
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The two things that don't depreciate are:

1. Land

2. Houses (as long as maintained)

All licensed vehicles depreciate....until they become 'antique'.

Sorry Eagle, I beg to disagree. That is old school thinking. We have seen that even those are subject to huge depreciation depending on the economic climate.
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Old 02-03-2017, 09:19 AM   #16
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Quote:
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The two things that don't depreciate are:

1. Land

2. Houses (as long as maintained)

All licensed vehicles depreciate....until they become 'antique'.

Wow Eagle, you must not have lived through the past 7 years. Houses and land both depreciated more the 30%. Yes they are coming back but the point is that they dropped big time, and will probably drop again if we go back to the same old liar loan, flip mania of earlier years.
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Old 02-03-2017, 09:53 AM   #17
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Wow Eagle, you must not have lived through the past 7 years. Houses and land both depreciated more the 30%. Yes they are coming back but the point is that they dropped big time, and will probably drop again if we go back to the same old liar loan, flip mania of earlier years.
Actually I think it was 2005 when I first noticed the bubble bursting. And land seems to be coming down in price too depending on the location.
But foreclosures have dropped way off since lenders stopped screwing around.
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Old 02-03-2017, 02:13 PM   #18
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I know/met people that paid less than $5 an acre for quality farm land after the dirty 30's. You will never buy farm land that cheap again...unless everything goes in the toilet.
As for those high prices houses that depreciated so badly, many/most were 'over valued' to begin with IMO.
Remember, the higher the 'value' put on a house/land, the more taxes the government gets....and realtors always list well for over real market value it seems (around here anyway).

Just my opinion although others may disagree and that is fine too.
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