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Old 01-27-2016, 08:44 PM   #11
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Where many make the mistake, is to add value for things that come "standard".
Like the a/c, microwave, entertainment center, oven, water heater, tv, awning and so on.

Those items are always in most RVs, but sometimes are in "packages" that are actually standard. So they don't add "option" value.
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Old 01-28-2016, 09:54 AM   #12
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Ha. That's a good one. NADA overpricing. Under pricing is more like it. As far as I'm concerned, they do not have a clue about RVs and base their prices like they would a car or truck. As previously stated in the threads, check RV Trader, Craigs list, Kijiji and local prices for your model and price it appropriately. That's what I did and sold my Class A for thousands above the NADA price.
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Old 01-28-2016, 10:05 AM   #13
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Pricing new or used have always been and will always been VERY regional, so if two brands came up with a very similar price thats whats it's worth.
You also need to realize that different models will have different resell values?
Hope this helps Happy Camping
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Old 01-28-2016, 10:13 AM   #14
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Thanks all for the help and insight.
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Old 02-09-2016, 03:41 PM   #15
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Being very familiar with books such as BLACK BOOK or NADA, just remember they are GUIDES....bankers use them as a tool to establish loan risk along with YOUR PERSONAL CREDIT HISTORY! They ARE REGIONAL IN NATURE.
You can use these tools as well as SOLD experiences you can find. ASKING PRICE IS NOT THE "SOLD" PRICE.
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Old 05-07-2016, 10:10 AM   #16
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Excellent advice Pen Joe!
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Old 05-07-2016, 02:09 PM   #17
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NADA derives it's numbers from what we dealers submit to them quarterly. Year make model and the sold dollar value. Clicking any options (real options) throws the value off. The options tend to help the unit sell but no one wants to pay for the options on a used RV. The trade in number is slightly higher than what a dealer can buy the trailer for at a dealer only auction. The retail number is the average of the reported sold values for that particular trailer on a dealers lot with a warranty, state inspection and repairs to put it in proper condition. This means some sold for less and some sold for more.
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Old 05-07-2016, 09:45 PM   #18
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When we started searching for a new TT last year, several of the dealers we spoke with said they use NADA pricing for trade in values, using the wholesale price and then retail at the average retail price. We are in Canada so they would take the US price and convert it. A few of them sight unseen told me what they would give us for our trailer based on NADA for a trade in.

From there we searched around for used trailers for awhile then this year decided to throw ours up for sale to purchase a new one. I used the NADA retail and sold it within 4 hours. Sure as mentioned pricing can be regional but I do find for us, with the conversion and our crappy dollar to work in our favor so I would believe their pricing to be on par South of the border as an average.
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Old 05-08-2016, 07:17 AM   #19
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NADA

CONDITION; CONDITION; CONDITION!

If any dealer EVER gives you WAY MORE than you expect, sight unseen,
It only means you are paying on the new side. THINK ABOUT IT. They have overhead and profit to maintain to stay in business.

A traded unit well maintained is going to re sell FASTER than an uncared for unit. Dealers know the drill.

The KEY is not to undervalue what you have and pay top dollar on the new side.

Having bought many cars over 50 years and been in that business, I often paid MORE for a clean, non damaged, no recalls unit. Very few disappointments, lots of enjoyment!
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Old 05-08-2016, 09:43 AM   #20
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Quote:
Originally Posted by scotrvmarine View Post
NADA derives it's numbers from what we dealers submit to them quarterly. Year make model and the sold dollar value. Clicking any options (real options) throws the value off. The options tend to help the unit sell but no one wants to pay for the options on a used RV. The trade in number is slightly higher than what a dealer can buy the trailer for at a dealer only auction. The retail number is the average of the reported sold values for that particular trailer on a dealers lot with a warranty, state inspection and repairs to put it in proper condition. This means some sold for less and some sold for more.
I understand that NADA has to have some standard to set prices. However, they are continuously looking at stale numbers. And, can the dealers skew the numbers? That's the numbers they will be using for trades.

In SW Florida, I checked the NADA before selling a boat. The numbers were very low considering the condition of what we were selling. So, Internet sites were compared to include dealer offerings. The vast majority of like items were well above NADA. We sold the boat $5,000 over NADA figures and two parties wanted it very much. Both competing buyers were aware of the NADA figures. Yes, area is a factor, but that was taken into account.

We sold a Lance slide-in camper in Wisconsin and went through the same process of setting price. That unit sold well above NADA.

As a rookie real estate agent, my first comps were for the court, so I was very careful. Over a year later, the power of attorney contacted me and said they were listing the property. But they were suspect of my comps compared to two other real estate companies. Double checked and verified with the broker, I stayed with my figures. I thought I had lost the listing. But then I got a call that they were going to take the chance.

First day on the market, two buyers looking at the same time, and two cash offers. But one was a full price plus. The home sold. At closing, I asked the POA how I compared with the other two. The POA was very happy that she cleared more money after taking out agent and closing fees than the other two were going to list it for. We were initially working of the same comps.The other agents wanted a low ball and quick sale approach. I wanted the best price for the seller and the buyers were still very happy. You have to think outside the box.
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