What are some tips for valuing a recreational vehicle?


Quick Answer

Some factors that owners should consider in order to determine the value of their recreational vehicles include overall condition, mileage and accessories. People who are selling their RVs can use the National Automobile Dealers Association and RV Blue Book as guides to determine the true market value of their RV. However, these resources often give sellers an unrealistically high expectation of the value of their RV, so owners may want to consider comparing multiple sources.

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Full Answer

People selling their RVs should focus on prices such as "low retail" or "used wholesale" rather than the higher prices to get a more realistic idea of their RV's value when using NADA and RV Blue Book.

Sellers can also use a search feature on the auction website eBay to view completed sales in the past of RVs with similar makes and models. Another option is looking at the RV classifieds on the websites Craigslist, RVTrader, and RVT.com.

An RV's worth can be estimated using depreciation. For example, the value of a used RV that is one year old depreciates by 18 percent. When RVs are approximately six years old, they are worth approximately half of their purchase price.

There are also RV appraisal services that can help sellers determine the true market value of their RV, including RV Appraisals, RV Help Net and PPL Motorhomes. These are professional services that compare real-time pricing of similar RVs being sold across the United States.

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