Thread: Curious..
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Old 07-20-2020, 07:37 PM   #5
mtlakejim
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Join Date: Oct 2017
Location: Bee Branch
Posts: 2,620
M.O.C. #20693
Absolutely NADA as that is what the banks rely on! In most cases, people have to get a loan to buy a camper new or used. That being the case, they are confined by the banks lending rules which usually stipulate 80% of NADA value on used purchase and typically they will only collateralize a unit that is less than 10 years old (IE: older than that and you have to use alternate collateral to secure the loan).


In general it is difficult to sell a camper less than 5 years old without taking a significant depreciation loss. 5-10 years old you may fair better and over 10 you start getting into cash sale, what the market (or buyer) will bear.


Banks themselves could care less about the condition of the unit, short of it being a complete disaster. They won't differentiate between a very clean unit and one that the owners lived full time, smoked and had a pee happy puppy. About 99% of the time they never even see the unit much less inspect it. That only matters to the actual buyers. A clean unit will sell faster but it won't bring any more money in most cases. Of course that is all out the window if your trading the unit.


What I am getting at is: drop all your sentimental value and treat it like a business deal because NO ONE ELSE CARES. That may sound harsh but its the truth. Nobody else made those memories in the rig or labored for hours maintaining it. On the open market your unit is not worth any more than the one just like it down the road. You may say I am ugly for having said the above but sometimes it is better to give folks the bitter truth so they don't have unrealistic expectations.
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Bee Branch, AR.
2017 Ram 1 ton diesel duallyCrew Cab/Long Bed
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