Knaus Posted December 27, 2008 Share Posted December 27, 2008 Hi Is there a book out there with values of secondhand motorhomes. Like Parkers Guide for cars etc. Link to comment Share on other sites More sharing options...
fred grant Posted December 27, 2008 Share Posted December 27, 2008 do you mean for nosey parkers knaus me ansum. or is you just tryin to go into the motorhome sellin business. could be the wrong time accordin to denzil. f Link to comment Share on other sites More sharing options...
BGD Posted December 28, 2008 Share Posted December 28, 2008 I'm not aware of one......but in all honesty I don't suppose even if there was a sort of "Parkers" or "Glasses" secondhand Motorhome guide, it'd be very relevant now. The economic world has changed and is continuing to change, very rapidly, beyond recognition. Like any other good or service, a Motorhome is only going to be really worth what someone is, now, actually prepared to pay for it, not what a booklet says it might sell for, or what the seller might like to think it may be worth. As a non-essential good, the actual selling prices of used MH's are, like other "luxury" big-price-ticket items, probably falling off a cliff at the moment.....that's indeed if any are actually selling at all. Probably not a good time at all to be trying to sell.:'( But I guess, a fantastic time, in the coming year, to consider buying. :-D Link to comment Share on other sites More sharing options...
teddy Posted December 28, 2008 Share Posted December 28, 2008 I was in a dealer a few weeks ago asking about the trade in value of my 2005 Trigano Tribute and he looked up the "book" for the price. ....so one does exist. Oh ,in case anyone is interested the "book" price of my van is £14,500 which means it has lost 50% of its value in 3 years :-S :-S 8-) Link to comment Share on other sites More sharing options...
Andy_C Posted December 28, 2008 Share Posted December 28, 2008 Glass's Guide to Caravan Values is the standard trade reference. It's not publicly available. Andy_C Link to comment Share on other sites More sharing options...
Mel B Posted December 28, 2008 Share Posted December 28, 2008 Hi Teddy - welcome! I think the trader was trying it on with you, that's a big drop in value for such a popular van. The best way to establish a value for motorhomes is to do some research and see what prices they are being sold for at various dealers, you may not be able to get the exact model etc but it will give you a good feel for what you should expect to pay for one, you can then try to estimate what the likely trade price is. Link to comment Share on other sites More sharing options...
robertandjean Posted December 28, 2008 Share Posted December 28, 2008 Hi, We were at a large well known, on this site, dealership a week ago and the salesperson there told us the formula they worked on was deduct the VAT then 10% per year. So to trade our two year old van for new would mean: Original price of van: £36 000 Less 17.5% VAT £30 750 Less 10% year 1 £27 700 Less 10% year 2 £24 900 All above in round figures. So a loss of £11 000 in 2 years. But salesperson went on to indicate would do £1000 or so better than that plus other incentives. We decided to wait a while and see waht deals are around at the NEC. Jean and Robert. Link to comment Share on other sites More sharing options...
colin Posted December 28, 2008 Share Posted December 28, 2008 teddy - 2008-12-28 11:29 AM I was in a dealer a few weeks ago asking about the trade in value of my 2005 Trigano Tribute and he looked up the "book" for the price. ....so one does exist. Oh ,in case anyone is interested the "book" price of my van is £14,500 which means it has lost 50% of its value in 3 years :-S :-S 8-) With new 2008 models selling for £24k not too suprizing Link to comment Share on other sites More sharing options...
Knaus Posted December 29, 2008 Author Share Posted December 29, 2008 Actually I should have mentioned I wanted to know the value so I could insure it at the right price. Is it best to overvalue it slightly for insurance purposes? I know you never get what you want if the worst happens. Link to comment Share on other sites More sharing options...
Mel B Posted December 29, 2008 Share Posted December 29, 2008 For insurance purposes it doesn't particularly matter! I asked this question earlier this year when they wanted to know the value of ours, it is to a great extent just a ball park figure, they will decide what the value is if you ever need to make a claim so. However, what ie can affect is your actual premium, so this may be a question you should be asking them - I did and found that by giving a slightly lower figure, only by £500, I saved a bit on the insurance premium and it still won't make any different to any payout if I needed it. Link to comment Share on other sites More sharing options...
enodreven Posted December 29, 2008 Share Posted December 29, 2008 Hi, I am reasonably sure that no insurance company will pay you more than you have insured it for, so be very careful of taking the cheaper premium and never under value your motor-home. hope that helps Link to comment Share on other sites More sharing options...
BGD Posted December 29, 2008 Share Posted December 29, 2008 braunston - 2008-12-29 8:22 PM Hi, I am reasonably sure that no insurance company will pay you more than you have insured it for, so be very careful of taking the cheaper premium and never under value your motor-home. hope that helps You're right. Unless you get "Agreed Value" cover from a specialist insurer (relevant for classic cars/motorbikes, but damned expensive), then in the event of a total loss, you'll get book value (often bottom-book) or declared value, whichever is the lower. Nowadays, I always decline to give a "value" for my car and motorbike insurers at renewal quote time, on the basis that it is irrelevant, and they should simply insure it on the basis of "book" value. Link to comment Share on other sites More sharing options...
Usinmyknaus Posted December 29, 2008 Share Posted December 29, 2008 If I may share some personal experience. The "book" value is in a range depending on condition. That is why I keep a comprehensive record of documentation on each vehicle I own from the day I purchase it. This includes invoices for every extra fitted, every service and every replacement part, plus photos where relevant. When an insurance company tried to fob me off with minimum book value for an excellent condition vehicle which was written off entirely at the fault of another driver, I was able to obtain just under sixteen percent better pay out after submitting a dossier on the vehicle with a short engineer's report from the garage which had serviced it regularly. Bob Link to comment Share on other sites More sharing options...
Mel E Posted December 31, 2008 Share Posted December 31, 2008 The principle of motor insurance is that you should be placed back in the position you were in before the claim. Thus, if your vehicle is written off, the insurance company should pay you enough to enable you to buy the same model, of the same age, condition and mileage - no more and certainly no less. Though they may make a deduction for extras such as a 6 month warranty on the replacement vehicle, for example. With cars that's not too difficult. But there are thousands of different motorhome models. Even if the loss assessor finds a used example of the same model, it's most unlikely to be the same age, condition and mileage as the one you've lost. So it's down to negotiation. They will always start with a low value and you will want more. All you can do is spend real time putting together a dossier which shows, for example, how similar models from the same manufacturer have depreciated, and which document the condition of your own vehicle. In these days of digital cameras, it's worth taking a set of photos of the inside and outside at least annually - probably at the start of the season. If your insurer is claiming from a third party insurer and you are the innocent party, then put your uninsured loss recovery insurer into action of your behalf - provided you paid the extra premium. Mel E ==== Link to comment Share on other sites More sharing options...
trooper Posted December 31, 2008 Share Posted December 31, 2008 I agree mel e, When in business my men writ of two almost new vans. The insurance made what I thought was too low an offer as they had extras and were maintained superbly, after negotiations we got very good payments. WE were always told by our insurance agent, if you under insure, say by 10 per cent, insurance company's will drop the payment by the same amount, so always if anything, go over to be sure Link to comment Share on other sites More sharing options...
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