You have way too many variables. To get an answer.
1. IF you do trade in and their is a lead time (6 months), then your trade value is established AT the order date if you do not give the dealer the trade at that time.
2. NO dealer will give a trade value based on 6 months down the line. What happens if the market for your trade drops? What happens if you get lot rot and/or other damage in that 6 months?
3. The standard practice is, you sign a contract for the NEW RV and you trade in your used at that time at the agreed upon price and the dealer then has the used unit to sell. He hopefully sells it between the time of order and when your new RV comes in, BUT, you are responsible for the new vehicle or any "agreed" upon depsosit for the new vehicle in addition to your trade.
4. Your problem is, IF you are trading a 2011 Entegra, that YOU are way upside down even if you own it outright, and WAY upside down if you have a loan.
5. ONLY you and the dealer at time you decide to do the deal will be able to figure out the terms. Doug
Thanks for all of your input. Yes, it is Entegra that is quoting 6-7 months. We got our 2011 almost 2 years ago so by the time we actually get the new one it will be 3 years old. I know still not that old but we feel like the changes that have been and new floor plan at Entegra are enough to make a change. I realize that I will still take a bath financially. That is why I am starting to ask questions already.
I think you'd get a better price on your old rig if you sold it outright. I know a lot of folks are leery about eBay and Craiglist, but I've bought and sold a couple of big ticket items thru both very successfully. Just have to be very careful with both. Read the scam info they provide, especially for CL, and if you receive an email or call from your ad, if it sounds too good to be true, it's probably a scam.
2002 Keystone Cougar 286, 8,400lbs loaded, pulled with a 2004 F150 Supercrew, 5.4, 3.73 gears. Retired and enjoying life
Dealers use NADA Wholesale values for trades. You can find a copy of this book in any good reference library. HOWEVER, There are no NADA values on-line for low or average retail for the Entegra, so you may be at the mercy of the dealer with no guidelines to go by.
Sell your current motor home on consignment with the dealer you are buying from. Make the new unit order contingent on successful sale of existing unit at X amount of dollars. If the existing unit doesn't sell, the dealer absorbs the new one into his inventory. That will help motivate him to sell your used one. I would also include an option to convert the consignment sale to a trade in to save sales tax.
Why don't you get two prices on the new motorhome, one with trading yours in and the other an outright purchase without a trade that way you'll know exactly what they are giving you for a trade and then try to sell yours for the 6 months you are not using it asking somewhat more than they are giving you to cover difference in sales tax and a little profit for your time. There are plenty of places to list yours for sale including e-bay which is where I sold mine.
2011 Vista 35F
Good advice, you always come out better if you can sell your old one yourself.
Been reading posts for a bit, but had to join to comment on this one. We have a 2013 Entegra on order - because we couldn't find a used Entegra to buy. I would strongly recommend selling it yourself - you would probably more than realize the tax savings from a trade. The only used Entegras we saw were quickly sold at very strong prices. We were told by one East Coast dealer that the price he received on a used model he sold exceeded what we are paying for our new one. Grain of salt taken, but still...there ain't many used Entegras out there, your market should be good. Wish we hadn't already signed our deal...I'd help you out of your pain!
I can just tell you the experience we are having with RVDirect (OrlandoRV). We have, on order, a 2013 Entegra Cornerstone due in a few days after 6 mos of waiting. Very excited!! Our coach now is a 2011 Entegra Aspire 42RB. What the Diesel Manager at Orlando did, for us, was give us a guaranty "buy bid" of X-amount when my new coach comes in. This allowed me about 6-mos. to sell (he even helped me with the adds)the old coach myself. What he is also willing to do is help with the financing for my buyer and also "wrap in" this purchase to my new Cornerstone, thus saving me $$$thousands in tax money. To me this has been a major win-win opportunity. I added about $20,000 to the top-end by selling my coach out right, and now paying the difference for taxes in Florida saves me at least another $12,000 in tax money!! $32,000!!! We are very happy
It took me three weeks to sell my coach! Right now there are NO used Entegra Aspires out there, and people are looking. (great sites are RVonLine and RV.T)
Rob & Victoria
2011 Entegra Aspire 42RB (for a short time)
I appreciate the replies and insight. I agree it would probably be worth a shot to try and sell it on my own but for reasons not worth mentioning, I don't think I will be able to(although consignment might be a possibility), so I guess I will just start the process with a few dealers later this year to see where we are at. I have seen a few used Entegras on the internet, including eBay. Thanks, Rob for the information. Good to know. Good luck with the Cornerstone. I'll be looking forward to hearing your thoughts on it, also your fuel mileage!! Hdgoldie, I hope you enjoy your Entegra as much as we have ours!
* This post was
edited 05/08/12 09:38am by nowabeachbum *