Valuation of 2nd Hand Caravans

Submitted: Wednesday, Apr 01, 2009 at 16:08
ThreadID: 67411 Views:25131 Replies:9 FollowUps:20
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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

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Reply By: Member - Malcolm (Townsville) - Wednesday, Apr 01, 2009 at 16:11

Wednesday, Apr 01, 2009 at 16:11
Sorry - bad link. Try this one:

Caravan link
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Follow Up By: Steve - Wednesday, Apr 01, 2009 at 19:09

Wednesday, Apr 01, 2009 at 19:09
have a look here Malkie:

http://www.rvpoint.com.au/



enter in your own caravan's details and you should get similar coming up to compare with.
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Reply By: chisel - Wednesday, Apr 01, 2009 at 16:30

Wednesday, Apr 01, 2009 at 16:30
RACQ told you that you are not insured while someone you gave permission is driving your vehicle?
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Follow Up By: Motherhen - Wednesday, Apr 01, 2009 at 16:39

Wednesday, Apr 01, 2009 at 16:39
Chisel, maybe RACQ is one of those insurance companies that require you to nominate all drivers together with their d.o.b. and driving record before they drive your vehicle. We had an insurer like that where i worked once - such a nuisance - took days getting all the info, and the driver approved. To bad if you had a migraine and wanted your passenger (who may have been a fellow employee) to drive for a while for the sake of safety. The upside was the premium was a bit cheaper.

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Follow Up By: Member - Malcolm (Townsville) - Wednesday, Apr 01, 2009 at 17:25

Wednesday, Apr 01, 2009 at 17:25
chisel

CORRECT. That's what I read online in one of their PDF files!

Motherhen.

As I said above, this was a generic statement made by RACQ online.

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Follow Up By: chisel - Wednesday, Apr 01, 2009 at 21:59

Wednesday, Apr 01, 2009 at 21:59
What if someone needs to drive it in an emergency, or just say your brother asks to borrow it for a day?
I didn't think ANY insurance company in Australia required you to nominate every specific driver of the vehicle. Sure, your *excess* will change if someone who is in a high risk category drives your vehicle, but you still have coverage. Or so I thought...


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Follow Up By: Motherhen - Wednesday, Apr 01, 2009 at 22:31

Wednesday, Apr 01, 2009 at 22:31
Exactly Chisel - not convenient at all, but in our case, priced accordingly. We were a Govt funded community organisation, and had our broker to seek out the best price for cover. I don't recall which Company it was - but that was their rules.

Mh
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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




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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.

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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.

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Reply By: Motherhen - Wednesday, Apr 01, 2009 at 16:56

Wednesday, Apr 01, 2009 at 16:56
Hi Malcolm

Have you checked out similar vans on RVPoint.com.au? This of course will tell you what other people think their van is worth, not what they may gets when they achieve a sale.

Check out also values of any on the Trader here, and on

http://caravanersforum.com/viewforum.php?f=52&sid=ad5422b71debdd95736b28a2fb90b378

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Follow Up By: Member - Malcolm (Townsville) - Wednesday, Apr 01, 2009 at 17:34

Wednesday, Apr 01, 2009 at 17:34
Thanks Motherhen. Hadn't been there before. I just registered so will spend a bit of time browsing around.

One other thing. The Hayman Reece Weight Distribution Hitch, is that sold with the car, the caravan or separately? (I also have the Anti Sway Device fitted to it - best thing I ever fitted).

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Follow Up By: Motherhen - Wednesday, Apr 01, 2009 at 17:52

Wednesday, Apr 01, 2009 at 17:52
We purchased the whole WDH with the caravan; just included as part of the deal.

Mh
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Reply By: DIO - Wednesday, Apr 01, 2009 at 18:09

Wednesday, Apr 01, 2009 at 18:09
IF you allow someone to go for a test drive in your vehicle, always (ALWAYS) make sure that you or someone you can trust goes with them. Don't fall for the old trick of them leaving their vehicle and keys with you as security as 'their' vehicle is often a stolen one. What Ins Co. says is correct as you are offering your vehicle for sale it is not the intended purpose for the insurance cover in the first place.
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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.

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Reply By: jandap - Wednesday, Apr 01, 2009 at 19:04

Wednesday, Apr 01, 2009 at 19:04
As a rough guide, we were told, $1000-1500 per foot, plus $5K for ensuite, plus extras like awning, solar panels, dual batteries etc etc etc. We have also been told that a caravan in extremely good condition should/could bring about what it cost originally. Keep in mind a custom layout might not suit some buyers needs.
AnswerID: 357504

Follow Up By: Steve - Wednesday, Apr 01, 2009 at 22:13

Wednesday, Apr 01, 2009 at 22:13
not trying to be smart mate - but going off that, a 1980 20ft van would be worth at least 20 grand and a near new one like mine would be worth 30 grand tops.

doesn't make sense
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Follow Up By: Member - DOZER- Thursday, Apr 02, 2009 at 06:44

Thursday, Apr 02, 2009 at 06:44
with vans its size, configuration and condition (not age) that counts....oh, and ppl looking to buy....
Andrew
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Follow Up By: Axel [ the real one ] - Thursday, Apr 02, 2009 at 11:41

Thursday, Apr 02, 2009 at 11:41
F/inlaw sold his van last yr , had since new , bought for $22,500 ,,,,,,,, sold 22yrs later for $22,990 ,, go figure that one out.
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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.

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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


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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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