For many looking to purchase a used RV, a lot of the time their decision to buy or not to buy comes down to how much it costs. In a world of volatile economics, money is almost always an issue. This can make it difficult for those selling a used RV. Sellers want to get the most they can for it without scaring buyers away, so setting the sticker price can be tricky.
If you’re trying to sell a less-than-desirable RV in the Beaver State and aren’t getting any bites, don’t get frustrated. You can get cash for a junk RV in Oregon by selling it to a specialized dealer that purchases them in any condition.
What Factors Determine an RV’s Resale Value?
Buyers of used RVs are obviously looking for a deal. If money wasn’t an object, they’d be purchasing one brand new directly from a dealership. So as someone who is looking to sell their used RV, pricing is one of the most important factors if you want to sell yours and get what it’s worth.
The seller’s dilemma is always the same. Ask for too much and all you’ll hear is crickets. Ask for too little and you’re leaving money on the table.
The resale value of an RV is influenced by a combination of different factors. Here are the criteria for how the value of a used RV is determined.
Age
The age of an RV plays a big part in pricing. Older rigs tend to have more mechanical issues which can become quite costly. An RV that’s over a decade old may be denied a campground reservation due to the 10-Year Rule, which could possibly lower even a well-maintained rig’s value.
Mileage
Although most RVs that have been well-maintained can hit 200,000 miles, those with half the miles are technically considered old. Just as with the age of a rig, mileage plays a role in its resale value. High-mileage rigs are more prone to breakdowns and costly repairs, so those deep into six-digit odometers can expect to have a much lower resale value.
Condition
Other than price, an RV’s condition is probably the biggest selling point. A newer rig with obvious cosmetic damage or engine issues will not command big bucks when trying to find a buyer. Older RVs with lots of miles, if well-maintained and running perfectly, could increase their resale value.
Features
This factor is basically a no-brainer. The more bells and whistles an RV has, the higher its resale value will be. Rigs with high-end components are more desirable to buyers and sellers can ask for a bit more depending on the luxuries it has.
Popularity
Consumer demand for a particular make, model, or style does play a part in the resale value of an RV. What was popular a few years ago may not be in fashion today. RV trends can change in just a year or less, so if boondocking is suddenly popular, you may be able to get more for a rig than you could have just a few short months ago.
How To Determine What’s the Right Price for Your Rig
Before you can answer this question, you’ll need to know what is the average selling price for an RV that’s more or less identical to yours. A quick online search and you should be able to see what other folks are selling theirs for, but it should be noted that what you’ll see in online ads is simply an asking price. It doesn’t necessarily mean buyers are paying those prices.
The best way to get an accurate resale price for your RV is to use one of the many online RV value calculators. Kelley Blue Book, the industry standard for car valuations, no longer includes RVs. However, you can find an approximate value of yours by using the National Automotive Dealers Association’s RV pricing guide.
Once you know the fair market value of your RV, you can then set your price accordingly. A good piece of advice is to see what other similar rigs are going for in your area and then set your price a bit below theirs.
The Importance of RV Price Explained
To quickly find buyers for your used RV, you’ll need to price it properly. Setting the price on the high end of the scale could result in no interest from buyers while setting it too low and you’ll lose out.
If you have an older RV and no one seems to be interested in it, you may have what’s called a junk RV. Your best bet is to sell it to a specialized dealer who buys all types of rigs, running or not.
