When it comes time to sell your used RV, the first thing you’ll want to do is determine the fair market value. Arming yourself with this knowledge will ensure you don’t get ripped off by a consumer, dealership, or consignment lot when you sell your camper.
Unlike a car, there aren’t as many reliable tools to determine the value of a used RV. Kelley Blue Book does not handle the valuation of new or used recreational vehicles.
It doesn’t mean there aren’t ways to get a ballpark price. You’ll just have to research several online resources.
Using NADA Guides
NADA, powered by J.D. Power, is a good start pointing. Go to the easy-to-use website and select the RV manufacturer and model year from a drop-down menu. Then choose your exact model number from a pre-filled list and enter your zip code for accurate pricing information for your area.
From there, you can choose base pricing to get an estimate. There’s also a section that lets you enter the exact options included in your unit to get more accurate data.
With this information, you’ll immediately receive a response containing the suggested list price, low retail, and average retail, according to Camper Report. Keep in mind that dealers won’t honor these numbers when trading your unit in, but it does give you a good idea when it comes time to negotiate.
How to determine the value of your RV
Search for a unit that’s comparable to your make and model year. It will help you see what other people are listing their motorhomes for, giving you an idea of what to ask for yours.
Dealer websites are also a wealth of information. Use their search engines to find comparable models to help determine the value of your used RV.
Factors that determine the fair market value
Several factors play a role in the overall value of your rig. The mileage of an RV, as well as the condition of your unit, will affect the asking price. A camper that’s been stored in a garage and is in mint condition will get more than one in poor condition.
Another contributing factor that can make or break a deal, regardless of price, is the presence of pets. Some people have allergies or sensitivity to animal smells, dander, or hair.
An RV that’s been smoked in will also depreciate the value because of the lingering odor and possible nicotine stains. Obvious interior or exterior damage, along with water leaks or stains, could also deter a potential buyer and lower the asking price of your camper.
Accurately comparing prices
It’s important to look at both new and used RVs when determining value. Check the asking price for a new camper of your exact make and model. Be sure to compare a unit that has the same options as your RV for accurate pricing.
A new RV will cost more than a used unit, so be sure you aren’t overpricing your used RV when determining its value. Regardless of condition, you’ll never be able to get more than a new model’s asking price.
After an exhaustive search, you’ll notice vast discrepancies among RV prices. This is because mileage, included options, and the unit’s overall condition all play into the asking price. A recreational vehicle that shows signs of heavy use will fetch less than one that’s taken only a few weekend camping trips.
Once you have an idea of what your RV is worth, you can determine a fair asking price for it. Then you can begin the selling process.