How to Find the Value of An RV
RV is short for recreational vehicle. Recreational vehicles are designed as a temporary living space to be used during recreation. There are two types of RVs: motorized and towables. Motorized RVs, also known as motor homes, are self-sustaining, meaning they contain their own engine and are drivable as well as livable. Towable recreational vehicles lack an engine and must be towed by another motor vehicle. Knowing the value of n RV is important when you are in the market to purchase or sell one.
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Instructions
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Visit on online vehicle valuation site. NADA Guides is one of the most popular vehicle valuation guides.
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Choose the type of RV. RV types are categorized as truck campers, motor homes, travel trailers/5th wheels, camping trailers, and park models.
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Select the manufacturer by clicking on the first letter in its name.
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Click on the year of the RV. Once you've chosen your manufacturer, you will be redirected to a listing of years that particular manufacturer produced RVs. Select your year.
Nadaguides only values RVs from 1975 to 2010. If you're RV is older then that, you will have to estimate its value by comparing it to other vehicles of that year and model in your local paper or by searching auction or classified websites.
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Choose your model. You will then choose your model based on the available models for that manufacturer during that particular year. You will also need to know the length of your RV since some model numbers are the same even if their lengths are different. Different lengths equate to different values.
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Select the options and equipment. You will need to select all your options and equipment that comes with your RV. You will also enter the mileage on this page. Equipment includes jacks and leveling systems, generators, entertainment options such as TVs and radios, kitchen equipment such as refrigerators and microwaves, heating and air, and miscellaneous items like roof-mount storage or awnings.
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Click on "Get Used Value." Once you click on that you will get a value for the low retail price and average retail price.
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Compare your RV to other similar RVs. An official vehicle valuation guide serves as guideline for pricing. A guide like NADA Guides does not take into consideration factors like the most current local sales prices, appearance, and mechanical condition. To get a true value of an RV you should also do a market comparison to see what vehicles are selling for in your area. The best way to find this information is to visit a site like Craigslist (and look in their RV section) or RVTraderOnline, or look up RVs in your local newspaper.
Find RVs with similar attributes, even if they're not the same brand. Brand is not as important for RVs as it is for determining the value of a car. It is more important to look for attributes like year, length, wear, operating condition, and options and equipment and see what they're selling for.
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Average the market comparison prices and NADA Guides together. Find the average price of vehicles similar to yours. Now average the price between NADA Guides low retail value and average retail value. Average both your market comparison value and NADA's newly calculated average value together. This value will be the most accurate representation of what your RV is worth in your area.
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