New vs used - price differential poll - Page 4 - Fiberglass RV


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Old 08-16-2013, 09:31 AM   #43
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Because we came into some found money, and, because when this past Spring I said, "Hey, let's go camping," and ...I got an (indignant) "forgetabout-it" (or words to that effect) reply from "dear one," I decided to sell our 16 ft Scamp. My beloved needed more space, required better conveniences. We ain't spring chickens no more. Ordered a 19 ft Escape. Will pick it up at the factory this Sep.

The big question was, what will that old '86 sell for? It had been abused, neglected and poorly repaired by the previous owner. Much hidden rot. I had wanted it bad enough to pay too much. It became a great fun project. I gutted it.

However now, becomes apparent my re-build solutions might not satisfy most current potential buyers. No sink, no water storage, no refrigerator, no air conditioner. It's 27 years old. I grudgingly had to accept the fact that it now needed some expensive upgrading, including a new axle, brakes, etc. More money!

Had hoped to put it up on eBay by June. Because of the man-yanna factor, it took all summer to get the Scamp ready. Finally, yesterday, the auction ended, and it is sold. Whatta ride. Over 5K page views and a couple hundred "watchers." There was initial heavy bidding, then a high bidder begged out, then several days of nada.

Despite heavy interest, only one person called and asked to come by to inspect before bidding. I checked, and way back in June many FB trailers sold. Did I miss the boat? I was one of only two eggs currently up on eBay. Began to worry would not break even, though all I wanted was getting my material costs back. Labor costs was free - for me, pure recreation.

To my mind there can be no way to predict what will happen on eBay. There are bidders who are naive, and them who are very smart and who know how to win an auction. When selling a trailer, the price sell it for, I think, depends on a fair and honest description, and many great pictures.
In any case, Hell of a ride, every time.
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Old 08-16-2013, 09:40 AM   #44
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Quote:
Originally Posted by Myron Leski View Post
I decided to sell our 16 ft Scamp.

The big question was, what will that old '86 sell for? It had been abused, neglected and poorly repaired by the previous owner. Much hidden rot. I had wanted it bad enough to pay too much. It became a great fun project. I gutted it.

However now, becomes apparent my re-build solutions might not satisfy most current potential buyers. No sink, no water storage, no refrigerator, no air conditioner. It's 27 years old. I grudgingly had to accept the fact that it now needed some expensive upgrading, including a new axle, brakes, etc. More money!

.
It is worth very little at this stage. People who want a blank canvas know that the cost to built a camper will be high. They don't want to pay a lot for something like this. I know because I've been inthat situation myself. You camper is worth at most a couple hundred dollars,maybe only $100.
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Old 08-16-2013, 10:03 AM   #45
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Ed, John and Conrad...all good thoughts and obviously you all did what makes you happy. For me, on this endeavor, buying new was the way to go. To go through the time and effort to modify as extensively, as some of you enjoy doing, would be like going to the dentist for me. Plus, I can spend that time making money to pay the difference between new and nice new. Mine will be a 2014 loaded with options (AC, TV, cable, shower, commode, awning, heat strip, extra lights and outlets in and out, 54" bed, and more). This winter we will be spending a month or two traveling Florida. Having my Scamp will save me from $1,000 to 2,000 over previous trips. We will be going to several football games throughout the sec this fall and the next couple of years, plus long weekend trips visiting historical sites, civil war battlefields, etc. In 3 years I can expect to have saved a minimum of $5,000 on our travels plus we can take the dog! My new, loaded, Scamp is about $13,800. I am confident that in 3 years (2016) I could sell it for $10,000...if not more, here in the South where they do not seem to exist! If I wanted to. This is a good return on investment for me plus, I don't have to sleep in anyone else's bed and my wife won't have to spray the mattress for bed bugs...lol! As you can see, different people have different needs and one mans pleasure is another's pain.
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Old 08-16-2013, 02:16 PM   #46
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Prime thing for me in the used market is usability in its current state. Followed by what is it going to take in terms of money and labor to get it into good shape.

If I can camp my way home (with DW) it would command a much better purchase price than if it's in too rough of shape to use "as-is. And that as my better half will tell you includes how it looks. To be honest if the windows "look" good and leak like a sieve it would probably still meet her criteria, after all I have to fix the leaks, she has to not be embarrassed to be seen getting out of it.

Going down on a scale that ends at gut and re-do or major replacement/repairs which I'm not willing to do generally. For myself the finished trailer must support the purchase price plus cost of renovation if I sell it afterwards. Rougher the trailer harder it is to know what total repairs are going to run. More discount to purchase price required to keep me interested.

If the fridge does not work the purchase price can't just be a matter of we took $400 off because you can buy a fridge for that amount. Hello! I have to find the right fridge and install it, possibly with some custom work to make it fit or hook up. Try more like $500 or $600 off the price it would be worth with a working fridge.

Don't want to find myself in a postion where I have lots into a trailer that I can't get back out of it. Probably why I would not tend to buy new. resale is less than purchase price. Besides if I can't keep expense of camper and camping below price of Holiday Inn guess where better half is going to book next "camping" trip



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Old 08-16-2013, 02:49 PM   #47
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Since I am not very skilled (nor inclined) in repairing and rebuilding, my feeling would be to look for something with only a few years' use. Maybe 1 to 5 years old, still almost like new, but the biggest depreciation hit has already taken place. But once it got to be more than 12-15 years old I'd probably sell it and buy something newer again, to avoid the likelihood of more substantial repairs that tend to come with age.

I feel the same way about motor vehicles; the two used vehicles I bought had over 100K miles and turned out to be money pits, so if I ever bought another used one it would likely be 'not very used'.
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Old 08-16-2013, 02:57 PM   #48
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Most people sell items because they are no longer useful or they want the liquidity, it always best to acquire the second type.
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Old 08-16-2013, 03:02 PM   #49
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"You camper is worth at most a couple hundred dollars,maybe only $100."

?? Holy Cow, Night Sailer, either I am the flat luckiest guy on earth, or done something way-out right.

A hundred bucks, eh? Note my avatar pix.... that Scamp just sold on eBay for 5K plus. Ohh, OK, guess I failed to mention that I actually did a pretty good job of repair and rebuild. It was ready for it's close-up.

To paraphrase Casey Stengel, "...you can look it up."
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Old 08-16-2013, 10:34 PM   #50
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Well, if we were considering getting a "new to us" trailer and were looking at new vs. gently used (say, something 5 years old or less), I'd want either a pretty hefty discount or some major added on options or else I'd just want to get the new trailer. When you start looking at older trailers I think it gets more complicated. You spend less, but take on more risk. And it pays to be handy! And to kinda like old stuff to begin with!

The thing is, we've yet to see something new that we like better than our beloved 26 year old Bigfoot. We like its layout and its spaciousness and its big windows. It works for us, but of course everybody has their own list of "must haves" and some people would never be happy with a trailer this old. Sure, it would be nice to have more modern amenities like a bigger fridge and a microwave oven and a hot water heater that fires up at the push of a button and who knows what else, but everything comes with a price. We have less than half of what it would cost to buy a comparably sized new trailer invested in our old Bigfoot. And that's after fixing and/or improving a host of issues - a new hot water heater, new wheels and tires, two new Fantastic Fans, a new catalytic heater, fixing some plumbing leaks, having the propane lines tested, new propane tanks, installing a CO/propane detector, new cushions, new upholstery and new curtains (both DIY projects), new graphics, LED lights, etc., etc. It's still not as fancy as a new trailer, but it suits us.

One thing that I haven't seen addressed in this discussion is the concept of Opportunity Cost, sometimes defined as "The difference in return between a chosen investment and one that is necessarily passed up." or "The cost of an alternative that must be forgone in order to pursue a certain action. Put another way, the benefits you could have received by taking an alternative action."

Having never purchased a new trailer, I'm not familiar with the process, but I imagine that one way or another most people must have to finance their purchase either through the manufacturer or a bank? Or perhaps some people pay cash. Either way the money going into the trailer is no longer available for any other use whether that be an investment or something else. The "opportunity" to either make money off that money or to use it for something else is lost. In our case, we'd rather have less invested in the trailer and more available for other things than the other way around! And as Donna says, YMMV!
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Old 08-16-2013, 10:36 PM   #51
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Back in June there were a lot of eggs up on eBay, hence more competition. Should also add the buyer, who was the one who actually came to look it over before bidding, was local, had been looking hard for a few weeks but could find nothing that suited him, and had a personal deadline.

He spent well over an hour with me, told me specifically I satisfied all his questions and concerns. He had no interest in absent bells and whistles many would consider deal breakers. Serendipidy, I guess. Never undervalue; there will always be someone who knows value when they see it.

When he pushed me I told him, bid only what you can afford. If you don't win it there will always be another one.
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Old 08-16-2013, 10:58 PM   #52
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......
One thing that I haven't seen addressed in this discussion is the concept of Opportunity Cost, sometimes defined as "The difference in return between a chosen investment and one that is necessarily passed up." or "The cost of an alternative that must be forgone in order to pursue a certain action. Put another way, the benefits you could have received by taking an alternative action." .....
Very good point! Monthly payments are a steady opportunity loss. I do tend to mind less repairs and fixes I can do with cash out of pocket where I get to decide based on choice available at that time if I want to pursue this opportunity (fix/add to camper) or some other opportunity.

I also don't mind delayed gratification. I can buy some parts now, some later and as long as I'm making progress and can use the camper I don't mind.

Axle I'm getting ready to purchase and original purchase are the only money I drew out of saving to make. The rest has been out of disposable income where I made the choice that seemed best at the time.
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Old 08-17-2013, 12:12 AM   #53
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Kathy...all good points. In our case, we have the money to pay cash, we have our investments producing monthly income thus, this is disposable income, we don't want someone else's problems, we like a warranty, we want the options we choose to order vs ones someone else ordered or modified, we don't want something like 26 ft...we want something small, clean and new. We don't have time to fix up someone else's wear and tear. Resale value on a new one is very high...if you can find one. Different strokes for different folks!
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Old 08-17-2013, 06:04 AM   #54
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New vs. Used is a constant choice and in part depends upon your financial position. Fortunately most items on a small trailer are not shockingly expensive nor difficult to replace. If you have the time to improve the old it can be a solid choice and financially appropriate.

The most important part of new or used is 'using'. Sometimes we get involved with finding the right trailer not the finding the right road. It's obvious that people can and do have great times in multiple configurations and age trailers
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Old 08-17-2013, 06:23 AM   #55
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Another reality in buying new is that there's always additions and changes you will make so it's trully yours or to add functionality not on the 'option list'.

Used or new, 13 or 16 or even 26, they all share fiberglass and a method to get out and enjoy North America, the latter by far the most important.
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Old 08-17-2013, 08:35 AM   #56
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Its not what it costs to get into a trailer, it's what it costs to get out. If you purchase a trailer that's a couple of years old, you should have minimal maintenance issues, yet, after years of enjoyment, sell it for only a slight loss on what you originally paid for it. Interest rates on savings accounts are pitiful, the stock market is risky; why not put your investment where you will enjoy it?
Having said that, honda03842 hit the nail on the head:
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The most important part of new or used is 'using'. Sometimes we get involved with finding the right trailer not the finding the right road. It's obvious that people can and do have great times in multiple configurations and age trailers
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