Q:

What factors affect the trade-in value of an RV?

A:

Quick Answer

Several factors, such as brand, age, mileage and overall condition, affect an RV's trade-in value. An RV's overall fuel economy and general maintenance costs are also factors that can affect its value. Outside factors which can impact trade-in values include local dealer inventory levels, market demand, geographic location and climate.

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Full Answer

The mechanical condition of an RV has a significant impact on the trade-in value. If a dealer needs to replace or repair any mechanical parts, the overall value decreases. RVs with low mileage and little engine wear tend to trade at higher values.

The cosmetic and structural condition of an RV, both inside and out, also influences its value at trade in. Dents, scratches, ripped upholstery or any details requiring repair can have a negative affect on an RV's trade-in value.

General economic conditions, including factors such as fuel prices and overall market demand, also have an impact on trade-in values. Dealers often have a surplus inventory of used RVs in a slow economy which may lower overall trade-in values for many brands or models. Trade-in values generally increase during stronger economic periods as consumer demand rises.

RV sales are generally seasonal but can vary based on geographic location. In cooler climates, demand for RVs is lower during the winter months, resulting in lower trade-in values. However, as many people migrate to warmer climates during the winter, demand for RVs grows, resulting in higher trade-in values within these regions.

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