I've never tried to do a private sale of an RV. We have a Class C, and NADA has a resale value of about $26K. What's been your experience. Is it better to trade or do a private sale. There is one local dealer that will do a consignment, but he is very small volume and not an exclusive RV dealer. My thought on private sale is that as we go into the fall hunters and fishermen often buy an RV for a weekend camper, but they expect, at least around here, to get them dirt cheap. WTM
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edited 07/30/08 07:16pm by an administrator/moderator *
"I must plan my time and arrange my day for the good of my soul." Augustine Confessions
In Indiana if you trade something in you only pay taxes on the net differance. You may want to consider finding a buyer and then trading the unit to the dealer for the price your buyer will pay. You save sales tax, the dealer sells the unit as is and the buyer pays the dealer direct. I have done this several times with cars and it saves sales tax. All parties understand. It does not cost the dealer anything and the buyer does not pay any extra tax. If you sell it instead of trading in Indiana, you will pay sales tax on the full amount and the buyer will also pay on his purchase. The tax man loves this deal.
HoosierMark
You didn't say if you are buying a new RV. Some dealers won't take trades (maybe unless you already have a buyer), especially now. We're looking to sell our TT, but probably won't buy another RV. Having tried to sell it before, we expect we're looking at maybe 60% of NADA retail even if we sell ourselves. It depends how many years you want to take to sell it and how much you're willing to invest in the process. You have to consider the "carrying costs" of not selling for a prolong time, and advertising, which can be very expensive.
Paul
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edited 07/30/08 08:44pm by tibbitts *
2003 Jayco 308fbs eagle 33' tt, towed by a 2003 Ram 3500 slt, quad cab dually, cummins diesel ho, trailer towing package, with 6 speed manual. Hauls better 1/2, 3 kids, myself, and a 2003 ez go clays car.. I have added so far, neon lights, clearance lights, back up lights, black light, lift kit, mud tires, and everything necessary to make the golf cart street legal. It's now ready to spend the winter in the garage for more mods. More neon, strobe lights, alarm, a pa system, maintance, and whatever else that comes along. This golf cart does wheelies and travels thru 7 inches of mud when need be. Two honda eu2000i gens twinned to supply the electrical power. Latest addition an 04 Honda Goldwing. [url]http://www.hometown.aol.com/rvnagain/myhomepage/profile.html[url]
Well I am no expert but we found we did much better in selling our TT by ourselves. We have a good dealer that we like a lot, but their offer on our like-new Rockwood that we purchased from them was rediculously low- not even near what we owed on it. We haggled back and forth, and the higher our trade-in value went, the higher the cost of the new Rockwood was. We said forget it, waited another season, then sold our Rockwood for slightly more than we owed on it. Then the next spring we went and bought a new to us HTT.
It took a little longer to sell our TT ourselves but it was worth it.
If you have no loan, or if you do you are not "upside down", then it makes more sense to sell the RV yourself. If you are patient then you will do better than trading it in. If you are not patient, or are under time constraints, then trading it in may be your best option, but as others have said you will see the price of the new RV go up proportionately to how much trade in value they give you.
I know selling is usually better than trading in but when I went to get my new trailer, the dealer offered me $1900.00 less than what I paid for it 3.5 years earlier. That was less than $50.00 a month a town that trailer. Plus I got 33% off the MSRP. I was expecting them to give me half of what they offered. If they would have, I would not have been able to get my new trailer last fall.
________
2008 F 250 FX4 4WD, V10, 4.10 Tow Command
35' 2007 Crossroads Cruiser CT32SB
Wonderful Wife and 3 small kids
When you trade you get something close to the wholesale price for your trade (about 3/4 of the average retail value).
They may play with the numbers to make it appear that you get more but you don't (unless they are really hard up for some reason and you get a very unusual deal).
So if you can sell it for more than 3/4 of the retail value you will be ahead - unless sales tax or the like screws things up.
Clay (WA5NMR), Lee,(Wife) Codi, Brandi (Shelties) and Damncat (damn cat)
Full Timing in a 2004 Winnebago Sightseer 35N, Workhorse chassis, Honda Accord toad
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