Is your RV getting up in years and you find you're taking it in for maintenance even more than usual? After a certain point, it can become even more costly taking care of your old RV compared to purchasing a new one.
Remember that the average cost of repairs can cost you thousands of dollars a year. This cost will only get higher as your RV ages.
With this in mind, read on to learn why working with a camper trader to trade in your used RV for an upgraded model is the best choice!
Determining Used Camper Trade-In Values
Before you trade-in your RV, it's important to do your own research on the value of your used RV so that you can enter negotiations with some knowledge. You'll know that the older your RV is, the less you'll be able to trade it in for. However, here are a few things you need to know.
NADA
NADA is short for the National Automobile Dealers Association. Similar to Kelley Blue Book, this is a database that most dealers will consider to determine the value of your RV. Based on the year, make, and model, NADA will give them a retail and trade-in value that will give them an idea of where to start.
Depreciation Rates
You also need to consider depreciation rates when it comes to the value of your used RV. For the first year you own an RV, the depreciation is as high as 20%. For the second year, this cuts down to 10%.
Your RV continues to depreciate in value by 10% for each year you own it. After about six years, your RV is simply worth what someone is willing to pay. This can depend on a number of factors such as the popularity of the model to how well you took care of it over the years.
Overhead Costs
Lastly, you'll need to consider the overhead costs of your RV after you trade it in. This occurs when a service technician evaluates your RV and finds damages or extensive cleaning that needs to be done before its sold. You'll be responsible for those costs if you haven't done it yourself already.
How to Trade-In Your RV
Trading-in or selling your RV is similar to selling a home–it's important to have it prepped in advance for photos and to pique people's interest. You want to showcase it in its best light in order to get the most camper trade-in value.
Your first step needs to be making sure that the RV is free of damage and is able to function properly. If it is damaged and you don't have the funds to fix it before it's sold, make sure that this is properly disclosed to the buyer.
Here are a few details that are easy to miss:
Check the water pressure
Check tire tread depth and pressure
Check that the steps are sturdy and safe
Make sure all exterior and interior lights are working
Check for rust, scratches, and delamination
Make sure all outlets are functional
You'll also want to keep in mind that a dirty RV will most likely sell or trade-in for less, even though it's completely functional. Here a few things to do before it's photographed and listed:
Wash the RV exterior including tires
Remove all your personal items
Clear off all surfaces inside
Clean the inside of microwave, fridge, and oven
Clean out all storage areas
Clean and disinfect shower and toilet
Clean walls and floors
You can consider giving the interior or exterior of the RV a slight upgrade by repainting walls. You can also stage the interior for photos by changing curtains and bedding, setting out flowers and plants, and buffing out any scratches you notice.
The RV Camper Trader Process
Now that you're ready to trade-in your used RV for an upgraded model, pay attention to the trade-in process. It should be a straightforward process that's clearly written out on the trader's website. If you're not sure of what the process is like, you can also contact their customer service.
No Credit Campers provide an easy process that's great for people who are still working on repairing their credit but are ready to upgrade their RV. This is typically how the trade-in process works:
Inventory
You'll need to have an idea in mind of the kind of RV upgrade you're looking for. Keep in mind your driving habits, the locations you'll want to drive to in the next year, and the level of comfort you're looking for. Then, view No Credit Campers' inventory.
Request Financing
Even if you don't find a camper you like through No Credit Campers' inventory, you're free to use your financing with other dealers. You'll need to request the loan amount you need along with your contact information. Once your loan is approved, we'll set you up with the right dealer.
Pick Up or Delivery
Once your loan is approved and a dealer for the RV you want is found, you can either pick your RV up or have it delivered right to your home.
Trading-In Your Used RV
Trading-in your used RV is a simple and straightforward process once you know the steps. Once you know what kind of RV you're looking for, work on getting your RV prepped by cleaning it and checking it for damage.
By finding the right camper trader, you can also make the process even easier for yourself by working with a dealer who can set you up with a loan and do the legwork for you.
Ready to apply for financing for your new RV? Get started with No Credit Campers today!
