If you buy a used (Gas) Class A that is 3 years old and has already depreciated from new, does it hold its value if traded in after a year or two? I'm thinking to start with a smaller rig (29') and keep the house for awhile.
Then if we really want to full time trade up to a bigger Diesel. I'm thinking we would probably be doing more miles to start and want to stay in parks rather than commercial RV resorts. After a year or so we would probably be OK with staying put for a month or more at a time.
RVRon said
02:18 PM Jun 5, 2011
Depreciation of an RV is pretty steep in the first few years. I found a depreciation chart somewhere online that showed a motorhome depreciating 20% in year 1, 15% in year 2 and 10% in year 3. After that the depreciation drops to 6%, then down to 5%, etc. It would seem that buying a 3 year old RV would be smart as long as you don't pay more than it's already depreciated.
Steve C said
03:08 PM Jun 5, 2011
Hi Merikay,
I agree with Ron and have seen a similar depreciation chart for RVs. On RV PAINTER's blog (http://rvpainter.blogspot.com), In his April 8, 2011 entry titled "RV Search", he listed several helpful sites where uses RVs are sold on consignment. The first one he listed has over 400 RVs for sell. They are listed by categories and by price. You can easily see depreciation trends that may help you in your search. I think they take trades.
The sites Richard shared are: http://www.pplmotorhomes.com/
http//www.pedatarvcenter.com/
http://www.myrvsolutions.com/
Hope this is of benefit. If nothing else, you will see some great art work.
If you buy a used (Gas) Class A that is 3 years old and has already depreciated from new, does it hold its value if traded in after a year or two? I'm thinking to start with a smaller rig (29') and keep the house for awhile.
Then if we really want to full time trade up to a bigger Diesel. I'm thinking we would probably be doing more miles to start and want to stay in parks rather than commercial RV resorts. After a year or so we would probably be OK with staying put for a month or more at a time.
Depreciation of an RV is pretty steep in the first few years. I found a depreciation chart somewhere online that showed a motorhome depreciating 20% in year 1, 15% in year 2 and 10% in year 3. After that the depreciation drops to 6%, then down to 5%, etc. It would seem that buying a 3 year old RV would be smart as long as you don't pay more than it's already depreciated.
Hi Merikay,
I agree with Ron and have seen a similar depreciation chart for RVs. On RV PAINTER's blog (http://rvpainter.blogspot.com), In his April 8, 2011 entry titled "RV Search", he listed several helpful sites where uses RVs are sold on consignment. The first one he listed has over 400 RVs for sell. They are listed by categories and by price. You can easily see depreciation trends that may help you in your search. I think they take trades.
The sites Richard shared are: http://www.pplmotorhomes.com/
http//www.pedatarvcenter.com/
http://www.myrvsolutions.com/
Hope this is of benefit. If nothing else, you will see some great art work.
Steve