RV DEPRECIATION! DON'T BUY AN RV until you watch this!
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- čas přidán 17. 05. 2024
- #rv #towing #trucks
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*Reese Goosebox Gen3: www.etrailer.com/Fifth-Wheel-...
*B&W OEM Gooseball: www.etrailer.com/Gooseneck/B-...
*B&W Fifth Wheel Hitch: www.etrailer.com/Fifth-Wheel/...
*B&W Sliding Fifth Wheel Hitch: www.etrailer.com/Fifth-Wheel/...
*Equalizer Weight Distribution Hitch: www.etrailer.com/Weight-Distr...
*B&W Tow and Stow Hitch: www.etrailer.com/Ball-Mounts/...
*Curt Drop Hitch: www.etrailer.com/Drop-Hitch/C...
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*RoadArmor Suspension Equalizer: www.etrailer.com/Trailer-Leaf...
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*RV Suspension Upgrade (travel trailer, Cargo Trailer): www.etrailer.com/Trailer-Leaf...
*16” G Rated Wheel Tire Combo: www.etrailer.com/Boat-Trailer...
*Goodyear Endurance 15” Trailer Tire: www.etrailer.com/Tires-and-Wh...
*Goodyear Endurance 16” Trailer Tire: www.etrailer.com/Tires-and-Wh...
*Furrion Wireless Backup Camera: www.etrailer.com/RV-Camera/Fu...
*Furrion Wireless Side and Rear Cameras: www.etrailer.com/RV-Camera/Fu...
*Phoenix Electric Trailer Jack 4,000 lbs: www.etrailer.com/Trailer-Jack...
*GlowStep Revolution Steps: www.etrailer.com/RV-and-Campe...
*LCI Solid Steps: www.etrailer.com/RV-and-Campe...
*LCI AutoLeveling System: www.etrailer.com/Camper-Jacks...
*Reese Fifth Wheel Dual Motor Landing Gear: www.etrailer.com/Camper-Jack/...
Must Have Equipment!
*6000 Watt Generator Kit: www.etrailer.com/Generators/e...
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*2000 Watt Inverter Generator: www.etrailer.com/Generators/e...
*30amp to 50amp Power Cord: www.etrailer.com/RV-Wiring/Mi...
*LED RV Replacement Taillights: www.etrailer.com/Trailer-Ligh...
*Fastway Tire Chocks: www.etrailer.com/Camper-Jack/...
*RV Foam Sprayer: www.etrailer.com/Car-Cleaner/...
*RV Soap: www.etrailer.com/Car-Cleaner/...
Truck Upgrades
*Airlift 5000 Airbag Kit: www.etrailer.com/dept-pg-Vehi...
*Airlift Wireless Air Controller: www.etrailer.com/Accessories-...
*Access Toolbox Bed Cover: www.etrailer.com/Tonneau-Cove...
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Great advice, JD. Our kids think we're crazy for the money we've spent rv'ing. Like many others we understand it's an investment in a 'lifestyle'. For us, the memories, friendships, fun times, places we've seen, is all worth it. Very good video, brother. Hope all is well.
It depends. I would say yes if you live in it full time for your job. Beats living in a hotel with all the drugs, etc.
J.D. very good advice, thank you for the video.
It is hard to put a price on sleeping in your own bed, having all your stuff and bringing your pets along.
Great points. An automobile purchase is the exact same thing since you lose value the moment you drive it off the lot. It is about getting away and enjoying time with family and friends. Or getting back to nature and relaxing. If you are looking purely from a financial perspective, a house is the absolute worst purchase you could make, however how many of us own our homes. Again, you have to determine what is best for you and your family. It’s all about what you enjoy.
House? Worst purchase? 🤔I don’t agree.
Buying a house is the best purchase that you can make. When or if you sell it you will make your money back. Renting a home or an apartment is the worst option. Everything that you paid is pissed away. 22 years in my home and the wife and I have never regretted it.
Take a $300,000 house with a 30 year mortgage. Depending on your interest rate that house could cost you $450,000 to $600,000. Now if you are paying cash, that completely changes things and now you are only looking at the purchase price plus insurance, taxes and maintenance costs. Definitely could come out ahead.
@@kevinw9424 my home is worth 3 times what we originally bought it for. Paying rent for 22 years would have got us absolutely nothing. Rent has continued to climb since we bought our house. Currently rent is twice what our mortgage is. So again how is buying a home a bad decision.? We get to do what we want with our home vs a rental. Building my 22X40 shop next to my home would not only be impossible but improbable if we rented. Also adding our hot tub and pool can’t be done in a rental.
The amount of money and automobile loses when you leave the dealership lot is the exact amount by which you overpaid
The thing about having an RV is hat my stuff is my own. My sheets are mine and the amenities are mine. We love visiting hotels, but often our RV is a better and more comfy choice.
Wife said: keep the $10k difference in a Bank account and use that to pay the mobile RV tech while you wait to get reimbursed
So many people don’t do this. I found when I was shopping for a RV most salesman would loose patience with me because I asked a lot of questions and looked over a unit longer than most. I never disclosed my financial decision to them and that would aggravate them. I found the private small dealers are way better to buy from in my area. Way too many impulse buyers.
Watch them lose their minds when you ask to climb on the roof to look around...😂😂😂
@@Premier-Media-Group you are 100% right on this! 😂
Very informative video. I would try to find the RV that best fits my needs first and then try to get the best deal possible. I’ve had very good experiences buying slightly used RVs from private sellers.
Rv’s of all recreational equipment have the highest depreciation rate. It’s unfortunate but reality. And given the demand for space they are not as convenient to use as they were 10-20 years ago.
We bought a used RV from a private party.It's treated us well so far.
We have 3 dogs, boarding them is $160 per day.
We prefer to have healthy ingredients in our food ny cooking our own vs eating out.
Plus, we own rural acreage that isn't near any hotels.
I've bought millions of dollars in equipment no matter what brand I bought the company always has financing available through the equipment company name one RV company that will provide financing for their own product that should tell us something about their product
I was hoping you'd give us your opinion on the sweet spot in age for a used RV purchase.
Great suggestion!
Investing in an RV is like investing in milk. If you are going to use it, you'll be happy with your purchase. If you don't, it will leave a sour taste in your mouth.
I just found out the hard way about my local camper service department. I bought a 2024 new and the dealer (blue compass Cincinnati) is five miles from me doesn't want to get me in for warranty brake issues. Dayton ohio blue compass fixed it right the first time in 2 days.
Everyone needs a barn cat and shop lizard (but NOT a lot lizard).
Too many dealers get off scotfree for their fraudulent actions, anti-consumer policies, and overall poor service after the sale.
We need a better way to track and share our experiences for others to learn from...
Maybe I'll get with my IT professional wife and put something on the web for folks to use.
You articulate this very well. The wife and I are in our mid sixties. We really enjoy traveling around and creating the memories. We’re Contemplating a 24 Keystone 316rl. What do you feel is a good buyers price on this unit. Prices are all over the place. Your input will be greatly appreciated.
Great video JD. I’ve never RV’d before, I’ve been researching (call me a nerd 🤓). Seems to me after watching this that the phrase “Buy your second camper the first time around” comes into play. Just buy once and be one and done since they are so expensive. Like my vehicles, buy it and drive it until it drops. By the RV you want and use it until it drops.
Quick question… your big awning, can you get a larger one for your Brookstone? Appears there is room to take it all the way to the front. Should you need to get in that front storage for some reason it would keep you out of the rain plus extend your shaded patio.
The further you travel, the less sense RVs make. Cost of fuel, cost of capable tow vehicle, and stress of towing them.
I agree with you 💯 👍
It all comes down to priorities, unless you are saving all earnings, everything else is generally bad financial investments including having children. Spend money one what you love not necessary what earns the best returns. End of the day, when the end comes for all of us, can’t take your money with you. Balance savings with spending on things you love
I can't think of ANY dealer worth 10k more.... I can't think of a chain dealer I would want working on my rig. The RV industry has become worse than a pack of attorneys. Okay, maybe a I have a bad attitude a little, but the horror stories coming out of the industry is appalling!!! For every "good one" I hear there seems to be 5 bad ones, unless having your rig at their place for 3 months then finding out they only fixed part of your list of concerns is acceptable... if making 12 months of payments, but only having your rig for 3 of those months works for you... well you got more of something than I do. More patience, more money, more time, more stupidity????
We life in ours for the last 14 years fulltime.
RV's are not an investment. They're a continually depreciating asset that starts the countdown to $0 the day you tow/drive it off the lot. It's a luxury item that you have to accept will be worth less or worthless. The value comes from the enjoyment of using it, the memories you make, the friends you gain. Same goes for the majority of boats, motorcycles, vehicles, any other recreational item.
Shop the dealership, one dealership will low ball you a price but in the dirty details you find they are changing you a lot of extra dealer fees including getting a third party inspection of the trailer virus a different dealership that is a higher price point but no hidden fees or mark up and let you have a third party inspection at no extra charge
Have you named your lizard?
I call all my outside critters Herman
Great advice but what causes / contributes to the actual depreciation rate? I never understood the logic of an MSRP that is realistically 30% over sales price.
Lot lizard
You don’t want to stay at a cheap hotel. We don’t look at our TT as an investment. For 4 years the wife and I have had an amazing time camping on the weekends.
Find a few dealerships that have the unit you want, get a written out the door price from each of them, and then proceed to put them in a bidding war for your business.
I hate when people act like because I sold you something they assume that I designed, Manufactured & reap all the profits for.....prior to it breaking on them and should warranty it for life... The Manufacture should be 99% responsible for the quality, fit & finish of the items they sell.
Still cheaper than a house
Stop. An RV is NOT an investment. Everything on wheels is a quickly depreciating liability with the exception of rare or exotic. If you cant pay cash for it, then you can't afford it.
I think it is. Maybe the best or worst one you ever made, but an investment nonetheless, because the experiences they provide do have a positive (or negative) monetary value.
He said it’s not a financial investment. It’s an investment in time with family, ect.
Worst expenditure ever. Better to do motels. Can always day camp.
Well, I disagree. Most RVers overall are extremely happy when RVing. Unlike paying for food that you end up not liking, RVing tends to actually have a positive impact on people’s lives.
Then why follow an RV page.
@@chrisbuxton2778 I don't follow it. Got pushed into my feed. Don't like rving at all.
To each there own. I would rather stay in my 5th wheel than any hotel. Completely different feeling. Plus, hotels stress my wife out, with germs and stuff.