If you are in the market to buy a new or gently used RV, or are considering selling your RV and want to determine current RV values, you need to do your homework before shopping, buying or selling your RV.
You first want to begin by calculating the Fair Market Value (FMV) to avoid overpaying or underselling.
In this article, you’ll learn some tips to help determine the value of your RV taking into consideration factors such as internal and external wear and tear, mileage, upgrades, add-ons, and overall market demand.
New RV Values
If you have a new RV you are considering buying, it can be difficult to determine the Fair Market Value.
You simply won’t have the same information and knowledge on the RV as the dealer has.
If you don’t know what the dealer paid for the RV, you can’t determine if the selling price is reasonable.
If finding the wholesale price for the RV you have your eye on isn’t possible, then there are still ways you can search to see what other buyers are paying for the same RV with similar features.
The RV Consumer Group (RVCG) provides RV ratings information, and is a resource that some RVers use to find out about quality, safety, and value of various RV models.
Aside from that information they also provide the average price paid for each particular model, the average list price, and even an expected depreciation schedule.