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Topic: NADA Values vs. Real World (Read 1558 times) previous topic - next topic

Re: NADA Values vs. Real World

Reply #25 –
That's ok I have the same problem sometimes. I write something and read it, and it does not seem to be what I was trying to say!!
John
Coachless, now use aircraft. 2003 Ford Travelair TC280 class C. Super shape. Just for 1 yr .
1994 Ford E350 ClassC,total renovation inside and out. Now sold.
2000 U295  36' Cummins 350 c/w Banks Stinger, Resonator upgrade,Solar, LED lites.Residential fridge with slide out pantry. Build 5674. Sold
ex 92 GV 022C ored Cummins. Sold
ex 95 GV240 cat 3116. Sold
2017 Mini cooper s & 2016 land Rover LR2 HSE  LUX.
jhaygarth@aol.com    SKP #130098
treat everyone as you would like to be.

Re: NADA Values vs. Real World

Reply #26 –
I did a quick calculation and average on the spreadsheet.  If I did my math correctly, the asking price of the sellers on this forum averages about 43.22% above the way I interpret NADA retail (which is basically very few expensive options get check marked).  I find this average pretty consistent with what I find on most of the national listing sites.  There's exceptions to every rule, but I find it hard to believe buyers are convincing sellers to consistently drop their asking price by an average of 40% to NADA average retail.  If that's the case, I just need to wait for whomever buys Brett's coach to resell and I'll get all he's done for approximately $7K! :P  Maybe no one's selling their coach these days, but we seem to have new members showing up fairly regularly.

Another NADA value I found interesting.  They list a 2000 40' U320 at $65,300, yet a 2000 40' U320 w/slide is 124,290.  Almost double?!  Would having a slide be better than showing up with his and hers U320s?  Now that would be sweet! ^.^d 
Benjie, Ashley, Zoey, Fallon, and Lake
Round Rock, TX
In search of our next monster...

Re: NADA Values vs. Real World

Reply #27 –
Quote from: Benjie Zeller –
I did a quick calculation and average on the spreadsheet.  If I did my math correctly, the asking price of the sellers on this forum averages about 43.22% above the way I interpret NADA retail (which is basically very few expensive options get check marked).  I find this average pretty consistent with what I find on most of the national listing sites.  There's exceptions to every rule, but I find it hard to believe buyers are convincing sellers to consistently drop their asking price by an average of 40% to NADA average retail.  If that's the case, I just need to wait for whomever buys Brett's coach to resell and I'll get all he's done for approximately $7K! :P  Maybe no one's selling their coach these days, but we seem to have new members showing up fairly regularly.

Another NADA value I found interesting.  They list a 2000 40' U320 at $65,300, yet a 2000 40' U320 w/slide is 124,290.  Almost double?!  Would having a slide be better than showing up with his and hers U320s?  Now that would be sweet! ^.^d

You guys are getting inside info albeit older from me. 

Learned these lessons over 30 years in the vehicle biz.  All customers expect more for theirs  than its real cash value.  Would you take wholesale for anything you own?

Let me give another true story.  I learned to quote difference prices. Yours and so much money.... 

Made a deal for $80k difference.  Writing up the deal in the office I wrote the real numbers for my coach and the trade in. Out of state delivery so no sales tax.  Customer stopped me by touching my hand across the desk. What?  He said I need more for my trade.  I replied we agreed on a difference figure. Who cares.  He replied I need twenty thousand more for mine!  What?  Explain to me what's wrong?  He said raise your price twenty thousand more and give me $20k more for mine.  I asked why?  So I can show my wife I did not lose any money on the last one I bought....... I shut up.  Nodded my head.  Wrote a new buyers order per his instructions.

Word for word true story.  The art of selling is to give you what you want for yours.  And you feel comfortable for mine.

Tell me you have been there.  I know a lot of you have.  I used to ask the big business guys if they were over all that aggressive stuff on negotiation.  Did the just want a difference figure?  Most finally said yes.

This was more fun for both of us.  Made friends. And they knew exactly what I was doing. And shook my hand. 

Had a lot of fun. 

Bob

"Riding and rejoicing"
Bob
1997 U320 40' Mid entry, build 5132,  wtbi ce27, 4th owner
2007 Solara convertible
2 prodeco tech outlaw ss electric bikes

1095 watts solar
08 Ls 460 and a sc430
2000 Ford F-250 superduty 4x4
 

Re: NADA Values vs. Real World

Reply #28 –
A couple of weeks ago our daughter, who lives in Wyoming, had to buy a used car all on her own. I carefully explained the concept of trade-in plus cash equals new car, and that the only number in negotiation was the cash number. She understood it and got what appears to be a pretty good car for what she could afford. Of course it might have helped that the owner of the dealership called the salesman and told him to give her a good deal.