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Old 04-08-2018, 08:45 AM   #1
ctwebb
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Trade in value

Hello all, We have been thinking of upgrading the 5ver, We now have a 2014 High Country 318Re, WE really like the Montana 3121Rl, After shopping around at several dealers we are not even close to getting what I owe on my unit. We really thought we got a decent deal when we purchased the High Country. Shopped several dealers again and no one was close to what we paid. I see on here people are trading in every three or four years, Are they taking a big loss on every trade in? We enjoy camping as much as the next guy but in no way can we justify taking that kind of loss, Even selling to a private individual we would be upside down.
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Old 04-08-2018, 08:53 AM   #2
rfulton0513
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I can only say from my experience but when we traded in which we just did two weeks ago, we took a pretty big loss to get into the 381TH that we wanted. It was a big shock to me also but this camper I really wanted so we decided to do the trade. Now with the new one we have decided to add some more money on top of the payment so that it will help with the principle and we won’t be in that situation next time.
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Old 04-08-2018, 08:57 AM   #3
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Old 04-08-2018, 09:14 AM   #4
1retired06
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If schedule is not an issue, you will get a far better price by selling yourself rather than trade-in to a dealer. If as you stated, you cannot justify taking the loss your numbers are telling you, based on your financing, maybe consider keeping your current rig, since you indicated you like it. For us, who do trade every five years, I justify the expense because we are Florida snowbirds half a year and use it heavily in the summer. And 2002 thru 2008 we were fulltimers. Last two fivers, I have been able to sell both for roughly 2/3s of the original price I paid.
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Old 04-08-2018, 10:50 AM   #5
speedster100
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To trade our 2015 3790RD in on a 2018 3790RD or the Solitude small Toy Hauler our trade in was $9000 less than we paid for the unit new....

In my view not too bad of trade in value in comparison to a car or to a Motorhome....

Still a significant hit but I wouldn't expect to get what we paid for it.
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Old 04-08-2018, 11:32 AM   #6
Texan
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Consider it a loss like a boat. After all it is considered recreational by most people even though many live in one full time. I traded sob for what i have now and it was a year old. I took a huge loss but i wanted to upgrade from the lemon i had and knew it wasn't going to get any better. Fortunately i didn't do hardly any improvements so there wasn't much loss on that. With the one i have now i have done thousands of dollars in improvements and don't regret it but i will be keeping this one a long time as improvements are pretty much a loss on trade-in. I've decided i can't stay up with the latest and greatest improvements so i'll just be happy with what i have and be thankful.
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Old 04-08-2018, 11:46 AM   #7
Dave W
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Take a lok at the attached link below an you can see why your 'old' RV has depreciated so much. With over a half million new units delivered in 2017, there is a glut of used on the market. If you were buying used, you can deal. New with a trade - good luck as it is not a good owners sell market. Looking at NADA will not give you anything honest in an RV as their numbers are based on something pretty fuzzy. We would love to buy a new unit but wont simply because the loss would not be nice - and we have never owed a penny on the purchase.

Read and weep: http://www.rvia.org/?ESID=histglance
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Old 04-08-2018, 02:28 PM   #8
Mosnowman
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We traded our 2014 Keystone Cougar fiver for a 2018 Montana 3721RL. The trade in value was horrible. You are better off selling it on your own and then goung after the new fiver you desire. I don’t totally recall but my immaculate Cougar 356RES Trade in was around 20k. I should have taken the time to sell it on my own, but decided to bite the bullet and take the loss. Good luck in your search.
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Old 04-08-2018, 02:36 PM   #9
richfaa
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Go to your local bank and ask them the value of your trade in.
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Old 04-08-2018, 02:45 PM   #10
mountaineer2010
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We have been trailer owners for almost 19 years and we have trade three times and we have never taken a lose on any of the trade, But we did not get what we thought we should get, We take very good care of our units as I bet all of you do, the dealers we deal with are very impressed with our units when we trade them in and pick up the new unit. Also we have never bought from the same unit twice.
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Old 04-08-2018, 04:06 PM   #11
AZ Traveler
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I always sell myself vice trade - you will always do better. If you finance, use a down payment of at least 30% and take a loan for 3-5 years. The long terms loans with little or no down dealers will offer will keep you upside down for most of the loan period.
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Old 04-08-2018, 07:50 PM   #12
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Originally Posted by AZ Traveler View Post
...............
The long terms loans with little or no down dealers will offer will keep you upside down for most of the loan period.
Definitely true. But you still lose even if you pay cash and sell/trade after 3 years, just not quite as much. Buy for $60,000 cash and sell/trade 3 yrs later for $30,000 and you lose $30,000. Buy at $60,000 with $5,000 down and 6 yr finance, then sell/trade after 3 yrs for $30,000 and you lose $30,000 plus what you paid in interest for 3 yrs.

Expensive proposition, not for the faint of heart.
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Old 04-08-2018, 08:20 PM   #13
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I have always bought used then traded for next used unit lost very little. We just purchased a new 2018 Montana 3121RL which we plan on keeping for a long time, took a loan for several years but I have a plan to pay it off in 2-3 to keep interest low but I put a lot down nearly 1/3 and got a good rate. We have said this is the very last one for us, if we decided to sell it on our own we would just get out of camping as RV’s, Boats are not an investment, so good luck in whatever you do but remember your current unit will depreciate more each year so maybe keep it and try paying it off sooner.
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Old 04-08-2018, 08:24 PM   #14
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Don't really understand buying a car, truck or rig every 3 years unless you have deep pockets. Those first years of ownership are by far the most expensive.
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Old 04-10-2018, 09:38 PM   #15
bigred715
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It is an expensive HOBBY as far as I'm concerned. Already have decided that I will take it in the shorts no matter how good of care I take or selling it privately.Its how much enjoyment you get out of your rig. Its better than staying in motels and camping in state parks and traveling with your same bed every night and snacking when ever you want. Eating in restaurants gets old and waiting in line when it is busy. RV'ing makes it all worth it and the expense.
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Old 04-15-2018, 10:35 AM   #16
gkonney
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We are Newbies that have really enjoyed our 3000RE over the past 11 months. The time has come to step it up and to sell both Truck and 5'er for either a larger Rig or a Toy Hauler. More Grandchildren that want to visit now forces the sale! Any suggestions on where would be the best "arena" to post the two?
Our Rig and Truck are by far one of the coolest and uniquely modified smaller packages around! Here comes that financial HIT??!!

Thanks!
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Old 04-15-2018, 11:05 AM   #17
AZ Traveler
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Would first research the value and what is on the market by looking at multiple sources - RV Trader, Craigslist, Ebay, Auto trader ect. Talk to a couple of dealers for both the truck and RV to get an offer. You can then advertise in the same places with the right price to sell, consider trading or decide the hit is too big and make do with what you have. Good luck!
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Old 04-15-2018, 11:32 AM   #18
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Craigslist is the most commonly recommended for sell it yourselfers. But also the most commonly noted as a target for scam artists. But that can happen with any personal sale. Use care.

Google your year and model and see asking prices from all over, understanding that asking price and actual final sale price can be a lot different.
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Old 04-15-2018, 12:05 PM   #19
twindman
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Quote:
Originally Posted by BB_TX View Post
Definitely true. But you still lose even if you pay cash and sell/trade after 3 years, just not quite as much. Buy for $60,000 cash and sell/trade 3 yrs later for $30,000 and you lose $30,000. Buy at $60,000 with $5,000 down and 6 yr finance, then sell/trade after 3 yrs for $30,000 and you lose $30,000 plus what you paid in interest for 3 yrs.

Expensive proposition, not for the faint of heart.
I got a 6 year loan for around 4.2%. It was marginal as to cost effectivness. I figure if I pay cash, I lose the investment income/appreciation. But I think I have made at least 5% over the last 12 years, so using someone elses money makes sense to me. (However, a rate of 3% would have been better!!)
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Old 04-15-2018, 12:14 PM   #20
beeje
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I have found that most dealers will only give you wholesale $$ at best for any trade. In 3-5 years time any unit will be worth 1/2 what you paid for it. There are some exceptions, but the same goes for cars/boats/motorcycles etc. We have already taken that hit several times on various toys and vowed never again. Its just not worth it. Keep what you have and enjoy it
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