CARAVAN DEPRECIATION IN 12 MONTHS

Dazza,

We had the same experience with our 3 year old Caravan $1500.

Cheers
Debbie

One word.

Boom.

Hi Daza

We bought a 03 16ft Jayco Freedom in June 04 for $22000 with Hayman Reese tow pack and a few other extras, sold it earlier on this year for the same price and kept all the extras........Definetley a good investment

Cheers........Dave

Hi Daza,

Gotta agree with that, actually made $1K on my Windsor Rapid when i sold it 4 years later. Could almost call them an investment!!!

Cheers

Captain

I own a 17'6" tandem axel caravan which I have no intention of selling. A few weeks ago I had to buy a spare part for it and while in the dealers I did a bit of tyre kicking on new and second hand caravans and at the time I hadn't realised how the price of caravans had escalated. To replace the caravan that I have would cost me around $30,000.00 although my caravan is twelve years old.
I promptly contacted my insurance company and re-insured my caravan for twice it's previous value.

The current vans on the market are over priced so a second hand one in good repair will get a good price, bit like the real estate market.

There is a growing market of younger people that want to get into vanning hon't have the superannuation payout to fund it. So they look for late model vans bought by retirees that get rid of them after 1 -2 years as they decide its not their cup of tea.

We bought ours second hand. It was only a year old but 5 grand cheaper than a new one.

The prices offered as trade ins is ridiculous. Which is why we'll probably drive ours into the ground unless we win lotto.

Fatherinlaw bought a new caravan 22yrs ago for $12,500 , was always kept under cover when not in use ,was used for 3mths every year and travelled somewhere around 150 thousand klm , sold last month for $26,900 , his new baby for the traytop $52,000.

Once upon a time Land Cruisers increased in value too - in the heady days of inflation in the 1980s. The bubble in van prices will eventually end too I guess - but we'll keep ours anyway. Its what we want so no point chasing new gadgets.

Max

G'day Daza, my old grandfather reckoned that anything you had to put bl**dy tyres on or stick fuel in was NOT an investment!!
We bought a second hand van a couple of years ago. It seems there are a lot of cashed up bods out there who buy the biggest & best & then find the lifestyle does not suit them, or they have done what they wanted, so they sell, not at a huge loss, but for the purchaser, good value & reasonable savings. I think also you'll find that lead times on delivery of new vans sometimes influence people to buy "near new".
The second hand market is a growing market because we are an ageing population, and many of us want to become part of the grey nomad brigade & that increases demand.
But, heh, isn't it a change to buy something & be reasonably assured you'll not do your ass when you sell !! Good luck