What is My RV Worth?
It can be challenging to determine what your motorcoach or RV is worth when it comes to sell. The value of your RV is determined by a wide variety of factors, including age, condition, mileage, equipment/upgrades, and so much more. At Sell My RV Online, we have over 25 years of experience and a network of RV professionals nationwide that help keep us informed of the current market conditions and allow us to make very competitive offers. Here are some tips in estimating your RV or motorcoach’s value before getting an appraisal.
1
View Similar Listings
One of the best ways to get an idea of what your RV or motorcoach may be worth is to find listings for other RVs that are similar to yours. You’ll want to compare motorcoaches with similar year and manufacturer/model to yours. It’s also important to consider the condition and mileage of your RV or motorcoach compared to others that are available for sale. RVs that have lower mileage and are in better condition can often be worth considerably more.
2
Try an RV Valuation Website
While sites like KBB don’t have vehicle value information for RVs like they do for automobiles, there are other sites like JD Power that have pricing tools for used RVs. It’s possible your specific model may not be listed, but if it is, tools like this can give you a good starting point in determining the value of your RV or motorcoach.
3
Estimate Depreciation
There’s no specific amount that each RV depreciates by in a given year, but according to RVShare.com, experts suggest that an RV can lose roughly 20% of its value after just the first year. This amount slows significantly after the first year, and at the end of the second year, your RV or motorcoach may have only have lost about 23% of its original value, 28% by then end of year three, and so on. Certain manufacturers depreciate less than others as well, and if your specific model is in demand that can help increase value as well.
Tell Us About Your RV
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Questions? Feel free to contact us by sending us a message or give us a call at 800-863-1848