NADA Wanderlodge Listings

[cmillsap]

(04-18-2015 17:25)mpierce Wrote:  How does NADA help the value of my 1990 BB? They list value at about $13,000, and I bought it for $55,000? Others selling from $40 to $60k? How does NADA having it in the teens help value?

I just checked. 1990. 11k low retail, 14k average retail.

Under specs, says gas engine

Under floor plans, none available.

Doesn't sound like it is very helpful.

I do understand that there are two sides to a coin. NADA values on a Wanderlodge more than 20 years old means that the original invoice has been book depreciated over those 20 years. Some have book depreciated to near zero value. That doesn’t mean that the bus is not worth more than NADA says it is.

You are correct that NADA is not very helpful in valuing a bus that is more than 20 years old. Nor is it that detrimental in its valuation of older coaches. The value of your bus is by and large dependent upon your care and upkeep of it regardless of what NADA states. Condition is everything and can cause the value of a coach to vary significantly.

The best way to value your coach is to have it appraised which will allow you to obtain fair value insurance on it and assist you in setting the price if and when you decide to sell it. That is the best way to accomplish the fair market value of any bus more than 20 years old.

On the other hand, most of the NADA values of later model Wanderlodges that are less than 20 years old are fair and support the owner’s ability to obtain agreed value insurance at a fair value level. Once these later model units reach book depreciation maturity at about 20 years of age, their owners will have to resort to an appraisal to establish fair market value also.

For example, my 2000 LXi has a NADA average retail value of $182,200 which is far above what I paid for it. That value allows my insurance company to happily provide me with a $150,000 agreed value insurance policy on it.

So as you can see, removing the NADA values on all Wanderlodges is not in my and other late model owner’s best interests. Perhaps a better solution would have been to have NADA drop off valuations of wanderlodges more than 20 years old and continue to value later models to that point.