An article on RV depreciation.

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.
 
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.
 
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.:p
 
twinster2 said:
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.
Click to expand...
Good point.
 
fourfourto said:
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.:p
Click to expand...

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/Jo...eystone-Rv-Summerland-Series-1750RD-120521901
 
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 ?:LOL:
 
Also I received a $45 credit as I didn't need the free sarter kit.
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fourfourto said:
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 ?:LOL:
Click to expand...

Inspection?? What is that?
 
The two things that don't depreciate are:

1. Land

2. Houses (as long as maintained)

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

;-)
 
twinster2 said:
Thank God Michigan does not screw us with inspections, but they do screw us with a $200 trailer license plate.
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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."
 
Eagle said:
The two things that don't depreciate are:

1. Land

2. Houses (as long as maintained)

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

;-)
Click to expand...

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.
 
Eagle said:
The two things that don't depreciate are:

1. Land

2. Houses (as long as maintained)

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

;-)
Click to expand...

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.
 
twinster2 said:
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.
Click to expand...

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.
 
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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