Valuation of 2nd Hand Caravans
Submitted: Wednesday, Apr 01, 2009 at 16:08
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Member - Malcolm (Townsville)
How do you value a caravan for sale.
I have advertised my caravan and old Patrol (both 2003) in the local paper at $55,000 for both. Then, the next week, I advertised them separately. Plenty of tyre kickers and joy riders (no more joy riders - I just found out from RACQ today that you are NOT INSURED whilst they are driving your vehicle).
I know how to get a good idea of vehicle prices (using Redbook) but how does one get a valuation for a used caravan?
The van is a 2003 20' Regent Cruiser II with shwr, tlt, a/c with a custom layout. Photos are on
www.photobucket.com/caravan_2003
TIA - (P.S. Caravan also in my profile picture).
Malcolm
Reply By: Member - Boo Boo (NSW) - Wednesday, Apr 01, 2009 at 16:44
Wednesday, Apr 01, 2009 at 16:44
Malcom
We sold our regent cruiser series 3 about 2years ago for $39k. recently .
It had a different layout to yours, the shower and
toilet were seperate and we had two single beds.
I woulds say you could ask around the $35k mark.
Having said that I would be going to the newsagency and looking at the caravan magazines that d nothing but sell RV's and get an idea of pricing from there.
Regards BooBoo
AnswerID:
357473
Follow Up By: Member - Malcolm (Townsville) - Wednesday, Apr 01, 2009 at 17:27
Wednesday, Apr 01, 2009 at 17:27
thanks BooBoo
I put $32K on it and can't believe the lack of interest. Maybe it's the current economic climate.
Malcolm
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Follow Up By: Member - Matt H (SA) - Wednesday, Apr 01, 2009 at 22:28
Wednesday, Apr 01, 2009 at 22:28
Malcolm,
It IS the current economic climate! If it is hard to sell 4by's, it'll be harder to sell vans! A definite lack of interest out there.
It took me 4 months exactly to sell my 2003 TD Prado with less than 100k on the clock - and it sold for $4500 less than I originally ask. That said, I'm happy I finally sold it.
Given that things will get worse before they get better, I think we'll sit on our remaining assets until such times as things pick up. And I don't envisage that happening until at least 2011.
I'm thankfully not a retiree yet, but seriously considered it last year, and at least working in Defence, I have some job security. But don't think we're immune - if you're not "pulling your weight" they will "ask" yo to leave!
Matt
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Follow Up By: Member - Malcolm (Townsville) - Thursday, Apr 02, 2009 at 09:47
Thursday, Apr 02, 2009 at 09:47
Hi Matt
I think (some) people are really starting to watch their $$$$ so not as many prospects in the marketplace now.
May have to take a hit in the pocket and move on.
Malcolm
FollowupID:
625716
Reply By: Saharaman (aka Geepeem) - Wednesday, Apr 01, 2009 at 18:24
Wednesday, Apr 01, 2009 at 18:24
Hi
Malcolm,
I think you will need to broaden the advertising medium you use - if you have only tried the local paper thats too restrictive. I would tru the caravan site as mentioned above (www.rvpoint.com.au) as
well as the personal Trading Post - they have a huge number of vans for sale. the Trading Post can be the first port of call for many buyers. We live in a global marketplace now and people will
shop around for the particular item they want no matter where it is. The internet with photos is a marketplace where buyers can compare items anywhere.
After advertising my tractor in the paper with no responses for 2 weeks I tried the Trading Post and sold it within 5 days and had about another 6 calls after that. I recently bought 2 second cars for my daughters - one was in
Melbourne and one was in
Tamworth - because that was the best price in the colour and transmission configuration we wanted. Last year I bought a Landcruiser in South Australia. We live in
Brisbane.
All I am saying your marketplace is now Australia - not just
Townsville.
Hope you sell it for a good price ,
Cheers,
GPM
AnswerID:
357497
Follow Up By: Member - Norm C (QLD) - Wednesday, Apr 01, 2009 at 18:47
Wednesday, Apr 01, 2009 at 18:47
Agreed. We recently sold a camper trailer and GQ Shortie. We are on
Gold Coast.
CT went to
Coffs Harbour. No local enquiries, 3 from interstate before sale.
Shortie went to
Broken Hill. Enquiries from
Darwin,
Melbourne and elsewhere. No local enquiries.
Get it on RV Point or Trading Post. My son is currently looking for a van and he looks at these sites almost daily. Nowhere else.
Also worth listing in Trader section of this site.
Norm C
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Follow Up By: Member - Willie , Sydney. - Thursday, Apr 02, 2009 at 08:38
Thursday, Apr 02, 2009 at 08:38
What do you mean"broaden his advertising medium" ?
He has just done that with a free nationwide advert on Exploroz.
Very clever.
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Follow Up By: Member - Malcolm (Townsville) - Thursday, Apr 02, 2009 at 09:54
Thursday, Apr 02, 2009 at 09:54
GPM is right - I have to expand my advertising.
Willie - you are correct. BUT!!! that was not my intent.
Norm - I intend using Trader but I have to arrive at a realistic price first - hence this thread.
Malcolm
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Reply By: rayj - Wednesday, Apr 01, 2009 at 22:07
Wednesday, Apr 01, 2009 at 22:07
I have recently been looking at all the caravan for sale sites as we are ready to buy. While not wanting to upset people, it seems most consider their van to be worth much more than it will fetch in todays economic climate.
I guess I would be the same but as it is becoming a buyers market be prepared for some harsh attempts at bagaining.
Maybe take a bit of a loss now if you really have to sell, otherwise try to hold on to it.
( There are litterally thousands of vans for sale at the moment)
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Follow Up By: Motherhen - Wednesday, Apr 01, 2009 at 22:38
Wednesday, Apr 01, 2009 at 22:38
Hi Rayj
I think it will become a buyers market too, mainly on the higher end of the market. However the top of the range ones still seem to be selling quickly - but we don't know how much compromise on price.
A market value is after all only what the buyer is willing to pay and the purchaser willing to accept. If selling, ask what you like, but competitive enough to attract a buyer (add ONO). Be clear in your mind what the bottom line you are prepared to accept is. If buying, assess and make your offer. If unacceptable just politely walk away - there will be others to look at.
Motherhen
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Follow Up By: Member - Malcolm (Townsville) - Thursday, Apr 02, 2009 at 10:04
Thursday, Apr 02, 2009 at 10:04
rayj - it's the old rules of supply and demand. It's good that people do their homework and
shop around. In the end thay will most probably find exactly what they are looking for at the right price. Getting to that price is the problem. What I've found is people still want to knock down the price even when it has already been discounted for a quick sale.
Malcolm
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625720
Reply By: Best Off Road - Thursday, Apr 02, 2009 at 06:32
Thursday, Apr 02, 2009 at 06:32
Malcolm,
I put up a post about the caravan market a few days ago.
My observation is that there are about twice as many vans for sale than there were twelve months ago. But the prices, particularly with dealers, haven't yet dropped.
The market is flooded so if you're advertising it at about the going rate, don't expect too many calls. Anything will sell at a price, it just depends on how low you are prepared to go.
Sorry to be the bearer of bad news.
Cheers,
Jim.
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Follow Up By: Member - Malcolm (Townsville) - Thursday, Apr 02, 2009 at 10:08
Thursday, Apr 02, 2009 at 10:08
Hi Jim - not a bearer of bad news at all. That's just stating facts. And you're right, I may have to take a hit in the pocket to be able to sell in todays marketplace.
Malcolm
FollowupID:
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Follow Up By: Best Off Road - Thursday, Apr 02, 2009 at 11:15
Thursday, Apr 02, 2009 at 11:15
Luck of the draw timing wise Mal.
My parents bought a new, big, Jayco in late 2006. Sold it a year later when there was a long waiting list for a newie and actually got $500 more than they paid for it.
Then they bought a second hand boat that was such a good deal they had to travel to
Sydney to pick it up. They sold that earlier this year and lost $7000 on it.
It seems all upper end luxury goods are taking a bit of stick at the moment.
Good Luck,
Jim.
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