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12-15-2009, 12:50

When I purchased my coach, the insurer accepted the purchase price as an "agreed" value. I did not finance the purchase. When I sold my coach, the buyer arranged for financing, and I was not aware or the value they used -- but the buyer put about 15% down, so it started off with positive equity. (I received payment from the buyer and from the lender, so I know the finance amount.)

The newer coaches (under 7 or 8 years) can be valued on a depreciation basis with some adjustment based on the general RV market -- but each lender will need to make their own determination as to an acceptable value.

When I was in the market to buy a coach, I looked at asking prices on the several web sites that had 'Birds listed. I also tracked several eBay auctions to get the selling prices at the time the auction closed. SInce I spent some months observing the market, I could be quite comfortable that the price I eventually paid was reasonable with respect to all the other WLs out there.

Obviously, a lender who has a longer relationship with you may be more flexible in their lending terms. While one lender might insist on using NADA value (because that's what they do) another might allow you to present information about the pricing to support the purchase price you're paying. Indeed, some lenders still consider your ability to pay the requested loan amount, your credit rating and payment record on other loans, as influencing their willingness to loan. In the days of inflated real estate (or assuming a high-equity situation, even with the depressed real estate prices) an equity loan against a house might be the easiest way to finance a coach.

Pete Masterson

(former) '95 Blue Bird Wanderlodge WBDA 42

El Sobrante CA

"aeonix1@mac.com"

On Dec 15, 2009, at 4:17 PM, "jburgessx2@yahoo.com" wrote:

If NADA is not a good guide, which guide is being used by financial lenders and insurers? After all, the lenders and insurers actually control and dictate the value of a vehicle. Of course, there are still those who have the cash to buy outright, but many must finance.

Sent via BlackBerry from T-Mobile
From:Markus Meyer <"markusfmeyer@hotmail.com">
Date:Tue, 15 Dec 2009 18:09:03 -0500
To:<"wanderlodgeforum@yahoogroups.com">
Subject:RE: [WanderlodgeForum] NADA Values

This has been discussed extensively on WOG recently. NADA is not a good guide to use at all.

Markus

To: WanderlodgeForum@yahoogroups.com
From:"dangw@att.net"
Date: Tue, 15 Dec 2009 22:42:16 +0000
Subject: [WanderlodgeForum] NADA Values

Has anyone noticed the dropping values of wanderlodges in the NADA guides? I know they are just average prices and each coach must be judged individually but the prices are really going down fast in the NADA guide.

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