An RV can become like an old friend. You have had many adventures together, but like most things, eventually, it is time to part. You can sell your junk RV and use the money for an upgrade before you head out on your next trip.
When to Sell Your Old RV
If your RV has seen better days, the first thing you need to do is to decide whether to repair it or whether it is time to sell. You must consider several factors, such as its age and condition. RVs tend to lose their value quickly once they reach over ten years old. Here are a few other considerations:
● Does it need repairs that exceed its value?
● Is there any water damage or delamination?
● Will the cost of repairs exceed its resale value?
● Does it have the modern amenities and features you want?
● Has your family and needs changed size?
How Much Is A Junk RV Worth?
If it is time to sell your RV many factors will affect how much you can get for it. Things like external damage, age, and brand will play a role in the price you can expect. These are only a few of the factors to consider. JD Powers also says you should include whether it has been stored outdoors, the class type, and condition of the appliances.
One of the best things you can do to keep the value of your RV is to keep it stored in a building or at least covered. You should also keep any appliances updated and in good repair. Keeping your maintenance and repair records can also help to increase the resale value of your RV. High mileage is another factor that will depreciate the value of your RV.
If your RV is used for business purposes, you might be able to take it as a tax write-off. The IRS only allows you to depreciate your RV over five years, at which point it has lost about half of its original value. If you want a good estimate of what your RV is worth, you can contact a local dealership for an opinion.
How to Sell Your RV
When it comes time to list your RV for sale, you have several options. One of them is to list it in classified ads or an open market, like Craigslist or Facebook Marketplace. Of course, you will have better luck if your RV is still in good working order. This option means you will have to take pictures, create a listing, and respond to those who answer the ad. This option takes time and effort on your part.
Another option for selling your RV is to sell it to a dealer. When you choose this option, you can use the cash as a downpayment on your next rig. This is a quick and easy option, but your RV must be in good condition. Many dealerships will not take an RV that is over a certain age, has high mileage, or that has major damage. Most dealerships base their price on market resources, like Kelly Blue Book and NADA.
If your RV has been in an accident or is in poor condition, you might think that you have few options left. Some companies purchase junk RVs and sell them for parts. This is an excellent option for getting a little quick cash that you can use to fund your next big adventure.
Bottom Line
Deciding to sell your RV is a big decision. It is good to know what to expect and what options you have. The most important thing is to do your research beforehand. Have a good idea of what your RV is worth, and contact buyers in your area to find the best deal. Making sure your RV is clean and in the best repair possible will help you get the most for it to put toward your dream rig.