Not that we are planning on trading anytime soon, but is there any "rule of thumb" on when you should trade up to a new model. Besides the obvious "new model fever". I was told once, that 3 years is the ideal cycle.
I'm sure you want to take resale depreciation into account as well as increased price of newer units. But a good deal is always a good deal no matter how long or short a time you've owned a trailer. With trailers it's more about 1 foot'itus as my dad always said. Or the latest and greatest new gadgets.
I don't think time is as big an issue as is the condition of the unit being traded....We traded our 6 year old Bighorn last year. We got $7 k less than we originally paid, and still received almost 28% off the MSRP on the new one.
The unit was in excellent condition, with lots of upgrades we'd done over the years...so much so, that it sold off the dealer lot in less than two weeks. It all depends on if the dealer can or cannot turn over the trade quickly...IMO.
I overheard some discussion recently regarding the age of the unit and after some point where it would get difficult for a new owner to get any kind of financing due to age, thus rendering the unit fairly useless to a dealer for trade-in and difficult to sell outright. Can't remember details, though.
Personally, we had planned on keeping ours a long time (8-10 years?) before considering another.
Loans in Canada are probably different but it's 20 years minus the age of the unit. So a 6 year old trailer could be financed for 14 years. They go by model year not build or service date.
The conversation I overheard may have been discussing tow vehicles, which would make more sense.
Interestingly, I punched in the information on my BC in the NADA RV used value website and it came up with values higher than what I paid for it 16 months ago.
A lot depends on how much you have spent on upgrades. I replaced my TowMax with XPS Ribs. Maybe when its time to buy new tires again I may trade up instead? I had an aunt who always bought a new car when the tires were worn out and never bought new tires, lol lol lol ! If I break down and get the 6 point level up I will be keeping this rig for a long time.
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