Quote:
Originally Posted by Mr Sunshine
You asked for a brutally honest opinion. Step back from the videos for a moment...Yes, there are new coach problems, EVERY brand has that, even the million $ + units. The RVs are built on an assembly line, but that line has more in common with the Model T line than a modern auto line. Don't assume that you can fly in, turn the key on your RV, (new or used) and have everything work perfectly. Many RVers won't buy a new coach, preferring to let the first owner (hopefully) work the bugs out. Some problems at some dealers have taken months to get fixed.
If you are an experienced RVer, and if you are able to do some minor repairs yourself, your idea could work. Otherwise, I suggest you think long and hard before going down the RV road.
Maybe time and money aren't issues for you. I've seen too many RV owners lose a ton of money when they figured out what it really takes to keep an RV on the road. The depreciation was a real bite for every one of them.
Someone on the web suggested depreciation like this:
New 100%
1 year old 91%
2 years old 83%
3 years old 75%
4 years old 68%
5 years old 62%
6 years old 57%
7 years old 51%
8 years old 47%
9 years old 43%
10 years old 39%
11 years old 35%
12 years old 32%
13 years old 29%
14 years old 26%
15 years old 24%
16 years old 22%
17 years old 20%
Note that this wasn't a percentage of list price, but of the actual selling price of a new RV. It is common to buy a new coach for 30% off list price. Take a 20 year loan with a low downpayment, and you are upside down from day one. You owe more than it's worth, and it worsens each year! Use this as a rule of thumb, your results will vary.
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Thanks for the info - I appreciate it!
Because of our age, I am looking at owning the rig 7 years
and I had guessed getting back 25% of the MSRP.
We will pay cash
So on a $150k MSRP rig that I can probably get for $110k
I'd look at getting back $37k ($150k * 25%)
or 34% of the actual purchase price ($37k/$110k)
our cost is $73k ($110k - $37k) for 7 years
throw in $8k/yr for the RV park = $56k for 7 years ($8k/yr * 7)
a total cost to us of $129k over 7 years
That's an average cost of $19k per year without fuel or maintenance
We are fine with that since renting a house will cost way more than that
or buying a house and selling it maybe 2 times will cost much more than that
The only fly in the ointment seems to be winter months
Dec - Mar in St. Louis and what to do
thanks again
Thor Forums
