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Old 08-24-2015, 05:58 PM   #1
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New vs used? how much do you lose on depreciation?

Hi folks--my husband and I are looking to purchase our first motorhome--we are looking at Class C--probably a Forester (either Forester or Sunseeker). My primary question is how much do you lose with depreciation the minute you drive a new one off the lot? Is it similar to a new car vs used car or more?
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Old 08-24-2015, 06:13 PM   #2
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Its more than with cars. A lot more. We bought our 2011 3170DS in 2011, (8 months used) with only 6,000 miles for $55,000. Buy used if you are unsure about this lifestyle there are some good deals to be had from those that this didn't work out for.
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Old 08-24-2015, 10:34 PM   #3
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Depreciation on a new rv/trailer would be automatic 25% once you signed the papers without driving off the lot. Used rv/trailers don't have much for depreciation unless you have overpaid for it.
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Old 08-25-2015, 12:59 AM   #4
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We bought our first RV (Class A gasser) for about half the new price when it was 4 years old and had 14,000 miles on it. Kept it for five plus years, figured out what we liked and didn't like, then bought a new diesel pusher with everything we wanted. If we had bought new for our first one, we wouldn't gave been able to trade up nearly so easy. Used may not be exactly what you want but it's the best way to figure out what you need versus want in an RV.


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Old 08-25-2015, 11:35 AM   #5
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Look at a lot of them, Learn as much as you can about them and particularly the systems. Try not to become emotionally involved with the potential purchase, if you do, odds are you'll pay to much.

The more you know, the more money you'll save and the better your purchase will fit your needs.
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Old 08-25-2015, 01:29 PM   #6
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We bought a new current model Sunseeker at 35% off MSRP so figure your depreciation on actual price you paid not MSRP. Also when you insure it look for a policy that has full replacement with a new unit if it is totaled. Good luck
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Old 08-25-2015, 01:33 PM   #7
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Quote:
Originally Posted by waiter21 View Post
Look at a lot of them, Learn as much as you can about them and particularly the systems. Try not to become emotionally involved with the potential purchase, if you do, odds are you'll pay to much.

The more you know, the more money you'll save and the better your purchase will fit your needs.
And ask a lot of questions. I bought a class C a couple of years ago but did not really like it. I blew a tire and totaled it but lucked out. No one got hurt and had full coverage on it. Actually got more than I paid for it!

Then switched over to a fifth wheel and like it much better!

Jim
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Old 08-25-2015, 05:52 PM   #8
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Ouch!

Bought a 2014 TT brand new (something I would never do with a car) didn't get much of a discount off of MSRP because it was bought in late '13 plus stuck around $3k-$4k negative equity on top of that from the previous TT that we traded. If it has depreciated 25% on top of my equity deficit then I may can forget about cleanly trading up later and just start making plans to be buried in it!
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Old 08-26-2015, 10:40 AM   #9
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we purchased our TT in Sept 2011 for just about 16,000$ US and the Canadian Dollar was 1.05$
The same trailer was 34,000 taxes included in Canada

We sold it privately this July for $21,800. one Dealer offered us $14,500 on a trade in on a 2014 new leftover unit which was listed for 47,000... the same unit but in a 2015 was $27,000 US


One of the rare times we came out ahead.

purchased a used Bunkhouse which sold for almost 55, here for a lot less

once they hit a certain age they seem to level off and hold their own.
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Old 09-09-2015, 07:59 AM   #10
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I bought a used C (10 years old,priced right) to see if it was for us.
Did some home work on the internet and found a depreciation schedule.
Wow 30% in first year!!!
We waited for the model year to change and not only got the "leftover" discounted but got my money back on the used unit cause at 11 years old the depreciation of that unit is somewhat stabilized
I put enough money down so we will never be upside down on the resale value
I periodically check what units like mine are selling for and have seen positive numbers
Please don't pay sticker unless money is no object.When they say it's a $92000 unit what you need to be paying is $69-$74.
In other words that first year depreciation is typically a shared pain by you and the dealer.At least it should be if you are dealing with a reputable operation Click image for larger version

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