Woodalls Open Roads Forum: Travel Trailers: What to expect when doing a trade-in
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 > What to expect when doing a trade-in

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campinchris

Troy,MO

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Posted: 02/11/12 08:25am Link  |  Quote  |  Print  |  Notify Moderator

Anyone trade in their TT? I'm sure they depreciate, but is it bad or not so bad? I know every dealer is different as well as trade. But what are some general thoughts? Thanks in advance

jmtandem

western nevada

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Posted: 02/11/12 08:35am Link  |  Quote  |  Print  |  Notify Moderator

It depends on what you are purchasing new that affects what you might get from a dealer on a trade in of your existing TT. If you are purchasing a $600,000 diesel pusher motor home you will probably get a nice value for your TT in trade. However, if you are purchasing something of approximately the same or slighlty more value than you paid for the TT you now have, get ready for a real shock. Go to NADA and use about 80% of the low value presented. Since we never pay MSRP for new be prepared for a real low value on trade.


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ddepr1217

New Jersey

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Posted: 02/11/12 08:38am Link  |  Quote  |  Print  |  Notify Moderator

I have found it to be much like any vehicle trading experience. I would say certainly do your homework. Research the unit you have and see what its going for noting the highs and lows. And, of course, research the one one you want also seeing what it is going for. Its amazing how the prices on theses things can differ by thousands depending on where you are. And most importantly IMHO, is to have your numbers in your head before you go and stick to them. This is the hard part! Know what you want for your trade and know what you want to spend for the new. And don't forget those pesky things like taxes, doc fees, etc. Don't let them spend your money for you...

Anyway, good luck and have fun!! Let us know how it goes!!


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Northwest_Flower

Idaho

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Posted: 02/11/12 09:05am Link  |  Quote  |  Print  |  Notify Moderator

I agree, that depends on what you are upgrading to, and the dealer needs at the time. We lost really nothing on our little one (only had it a year), but we did a big upgrade. They also slipped out that they just had a lot of deals fall through that came through an RV show. Being January too, they made the numbers irresistible.


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bobbyg123

Duvall, WA

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Posted: 02/11/12 09:10am Link  |  Quote  |  Print  |  Notify Moderator

It will obviously be lower offer than if you sell it yourself, but if your trailer is in good condition and will be desireable on the resale market, you'll do OK. We have an ultralight, quad-bunk model that is (really) 1/2 ton towable. For a first time family, it will serve them well. I'll be sure to make the salespeople aware of that fact.


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handysam1

SW, Ohio

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Posted: 02/11/12 09:14am Link  |  Quote  |  Print  |  Notify Moderator

We traded in our 2007 Rockwood TT (after 6 seasons) on a 2011 Cougar 5th wheel. We had it listed on Craigslist while we were looking and had serious interest twice. The person we thought would buy it could not get financing. We ended up getting a reasonable offer from the dealer. We might have been able to get another $500 from a private sale, but in the end it wasn't worth it to us to deal with it.

You have to be realistic about what your unit is worth, ours was in excellent condition, and all that upkeep paid off when trading or trying to sell. It also helps to know you are dealing with a reputable dealer, and to have been down this road a time or two. Our first trade in experience was not quite so nice.

Live and learn...


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john b

anywhere USA!

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Posted: 02/11/12 09:26am Link  |  Quote  |  Print  |  Notify Moderator

Just remember what they say they are giving you means nothing it is a number plucked from the situation.
Do your home work on the unit that you wish to purchase & take it from there.
If they discount the one you are buying they will discount the trade also.
The number you are looking for and the most important number is the difference amount out the door as that is what you end up paying!!JMHO jb


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skipnchar

Topeka or somewhere else

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Posted: 02/11/12 09:42am Link  |  Quote  |  Print  |  Notify Moderator

UNIVERSALLY you should expect to get wholesale price for your trade and pay retail for your new RV. The dealer will expect to make the difference between wholesale and retail as HIS means of staying in business. Not all trades use this SPECIFIC plan but it will always NET that result. You MAY pay a higher percentage of MSRP on the new one then you would expect to get more than wholesale on the trade in but the ratio will be about the same. Negotiate a little lower price and get a little lower price also for your trade.

Some will advice you to tell them during negotiations that you're not trading anything thinking they will give you a better deal and they're correct. However, as soon as you THEN throw in the trade, you're negotiating a NEW deal and all previous offers are off the table and you're starting over.

The only way to WIN the battle is for you to sell your previous RV yourself so YOU have that profit instead of the dealer and THEN negotiate a "no trade" deal. Usually this will take you a fair amount of time to do so you might want to consider gambling and buying without the trade and sell your old RV when you can but no guarantee you will come out as you expect that way. It all depends on the market in your area and what your expectations are. Most would rather buy from a dealer with some degree of a warranty than an individual with none (when the same price is considered). Lower your sale price so move it faster and some of that financial gain is lost.

It's a balancing game so weigh everything carefully if the outcome is critical to your financial well being. One OTHER thing that you have to consider is that in MOST states, you will pay sales tax only on the trade DIFFERENCE if you trade in your old RV but if you sell it yourself, you will be paying full sales tax on the new RV. This sometimes evens out the trade difference to some degree.

Good luck / Skip


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2004 F-150 HD (Traded after 80,000 towing miles)
2007 Rockwood 8314SS 34' travel trailer

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Sandia Man

Rio Rancho, NM

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Posted: 02/11/12 10:14am Link  |  Quote  |  Print  |  Notify Moderator

Just remember that the dealer gets the best of the deal irregardless, and if anyone thinks they got the better of it, then the dealer really did his job good. If you want less hassle, just trade it in, and if you want top dollar for your rig, best to sell it yourself. Enjoy your new RV!!!

westernrvparkowner

montana

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Posted: 02/11/12 10:26am Link  |  Quote  |  Print  |  Notify Moderator

If selling your RV at retail price was easy, dealers wouldn't have them lined up on their lots. You may sell it quickly and make a few bucks, or it may sit unsold for a year and depreciate causing you to lose more than just taking wholesale value today. You will also have to deal with tire kickers, no shows, scam artists and who knows what coming to your home and walking around inside your RV.

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