Not the time to buy.

[FLSteve]

@redbaron ... why did you have to put this thought into my head.

FLSteve

Yep ... this is the moment it happened to me.

FLSteve

 

[Neal]

Funny this thread resurfaced as I've been asking myself, where are we and the economy when it comes to spending and buying product(s). I'd love to sell, people are bidding and getting way over asking in my neighborhood but I DO NOT want to buy back into this market. I don't even want to buy a car let alone a motorhome in this situation. While I can probably get much more than I paid for my RV, which takes some of the sting off of newing up again with another RV, I'm not sure I could do it especially seeing the pure junk coming off the line these days (since 2019). If I were to buy, color me stupid, but for now my plan is not to, however, I struggle daily on whether or not to sell my coach at a very high price (i.e. list it and see what happens).

 

[Jim]

If I were to buy, color me stupid, but for now my plan is not to, however, I struggle daily on whether or not to sell my coach at a very high price (i.e. list it and see what happens).

Yep, list it high and see what happens. After all, you don't have to sell if you don't want to.

 

[Neal]

For a nanosecond I was thinking of selling (high) and considering buying back in while interest rates remain low, until they start to rise. That idea is dead. Reality has struck that as the OP's title says, this is not the time to buy. The time to buy has come and gone. This reminds me of the peak of the bubble in a housing crisis which is when I bought my house in 2005 and only now have prices gone above what I paid. I think buying now is going to stand very large depreciation hit in the years ahead. Those that have owned and held will stand to reduce depreciation with the values hiked from recent times. But the peak of this bubble is now and I don't see a good future on resale without a major hit. My $.02 but I think it's time to once again love the one your with (coach) and appreciate getting in prior to this horrendous price hike to insane levels. Slick sales people will make you think otherwise and work to get you to buy. Use your judgment and don't make a huge financial mistake.

 

[J&JD]

 

[jsuprock]

Stay away from Bretz RV in Missoula Mt

I suggest you call Stan at Marlin Ingram, Montgomery Alabama. Negotiate a bit, you will get a good fair price

Johnnie

 

[Joe Hogan]

How many times in the last year have you said, this can't be happening here in the US.....

The USD became the world's reserve currency at the end of WW2. That was a long time ago when the US was a manufacturing powerhouse.

Today??? not so much....

Some history regarding paper currency

When hyperinflation drove Germans to use money as kindling

In January 1923, a loaf of bread cost 250 marks. In November, it cost 200 trillion.

mashable.com

That could never happen here???

 

[redbaron]

That could never happen here???

We can't use our money as kindling--because too many are into NFT's --- nothing to hold or burn.

 

[FL-JOE]

Last winter when I sold my Newmar I was initially worried that I was going to have to pay a premium for the new fiver we wanted. It turned out we were able to get over 30% off MSRP plus the dealer threw in Dish and some other goodies. The only catch was I made the deal with a dealer 1200 miles away. I still consider myself lucky for the type of RV pricing that has been going on the past 18 months.

 

[Wanzer]

Would love to hear updated thoughts on this thread as we are looking to buy a used motorhome. But no matter the outlook, the bottom line for us is that we want/need the motorhome for a trip this summer; we don't want that to be our first time out so we need it sooner to give it multiple tries (assuming a learning curve). So if we want to do this (big trip as an introduction to something new: RVing with the fam) then now is the time because kids don't stop ageing until a more convenient time. Even still, would like to go in with eyes wide open.

 

[Jireh Financial]

Would love to hear updated thoughts on this thread as we are looking to buy a used motorhome. But no matter the outlook, the bottom line for us is that we want/need the motorhome for a trip this summer; we don't want that to be our first time out so we need it sooner to give it multiple tries (assuming a learning curve). So if we want to do this (big trip as an introduction to something new: RVing with the fam) then now is the time because kids don't stop ageing until a more convenient time. Even still, would like to go in with eyes wide open.

Interest rates are very good right now. We have not seen any raises in months. In fact, a couple lenders have softened up a couple programs. Lenders still need to lend.
Let me know how we can help.
Ken

 

[Wanzer]

Interest rates are very good right now. We have not seen any raises in months. In fact, a couple lenders have softened up a couple programs. Lenders still need to lend.
Let me know how we can help.
Ken

Thanks for your reply and information on rates. We are financing-adverse (no mortgage, no car payments, no credit card debt, etc.) so that means we are looking at older, low-mileage class Cs to get us in the game. There seems to be a lot of those units out there but since we've not looked at other times we don't know how it actually compares to other times. Guess that's the point: looking for insight from the experienced as to how used prices compare now. Have they come back down? On the way back down? We know this is an expense, not an investment but don't want to take a bath on something we are assuming we can easily resell if we either want out or want something different after a bit of experience.

 

[Jireh Financial]

The prices seem to be steady. The new inventory seems to be growing a bit and inventory drives prices. Every step on the wheel turns better when more things are available. The BEST timer to buy is when you have a need and you find the unit you like. I have been in the Marine and RV business since 1984 and have never seen a year when prices went noticeably lower. Not really sure that trend will start now.
Ken

 

[Wanzer]

The prices seem to be steady. The new inventory seems to be growing a bit and inventory drives prices. Every step on the wheel turns better when more things are available. The BEST timer to buy is when you have a need and you find the unit you like. I have been in the Marine and RV business since 1984 and have never seen a year when prices went noticeably lower. Not really sure that trend will start now.
Ken

Thanks, Ken. Based on that, now is the best time for us to buy: need/want one now and we think we've identified what we'd like. But having only tent camped off our motorcycles or from the truck with our kids, who knows if this will be like we imagine. It's that inexperience with RV'ing and the vagaries of life that makes us enter cautiously and look for an out without a huge loss, if needed. Thanks for the reassurance that taking a bath is unlikely (unless we make a really wrong turn and get duped into a dud, which could be a whole other thread!).

 

[Wanzer]

So we went ahead and bought a 2006 Winnebago Outlook 25F. Other than getting it home cross country, we haven't taken it out yet. We did pay for a prepurchase inspection which gave a measure of comfort that it was a solid coach. Had a giant disappointment right off when it had a massive leak in a torrential rain on the road after having never leaked before (a major reason we went with this one) and it had been just resealed (as recommended by the inspection), "just" as in the day before we handed over the check. We were already too many miles away to turn back so now we have to find a repair place in our area. Keeping it covered in the meantime. Also had a blow out that damaged the compartments behind the wheel from the flailing of the separated tread and had to replace the main belt after it shredded a few states into the trip. Next we need a covered trailer for the four dirt bikes and a big dose of patience and sense of adventure.

 

[MapNerd]

Oof. I would need a big dose of something else to go along with the patience.