Depreciation?

[Jaymacgee]

Hi after a week in the wilds of Scotland in a rented motorhome, we're thinking of buying one. Looking at good condition lowish mileage two/three year old six berth end lounge low profile models ( a 2015 Bailey 765 with 10,000 miles on it is the front runner), which seem to be in the £40-45k range. We are mindful that we may find we don't manage to use the motorhome enough - or the novelty might wear off - and we'd like to know roughly what it would sell for this time next year if we decided we should sell up. I appreciate no-one has a crystal ball, but could anyone give us an idea of what the vehicle's value might be in a year's time. I'd guess we'd use it for maybe ten weekends and four weeks of holidays in a year, maybe 3,000 miles in our first year. Thank you.

 

[Northernraider]

Not sure if this will help as it is USA origins
Three years old – 26.6% depreciation (meaning 26.7% of the price you paid new is now gone)
Four years old – 28.4% depreciation (better than a Class A at this point by two percentage points)
Five years old – 37.6% depreciation (slightly worse than a Class A by two points)
Six years old – 39.54% depreciation
Seven years old – 40% depreciation
Eight years old – 44% depreciation
Ten years old – 51.69% depreciation
Thirteen years old – 64% depreciation
Fifteen years old – 69% depreciation
Twenty years old – 83% depreciation

I had a vw camper that cost £1795 brand new in the 70's I sold it when it was 30 years old for over £26k sadly the same is unlikely for most modern vans

 

[beltsandbraces]

I had a vw camper that cost £1795 brand new in the 70's I sold it when it was 30 years old for over £26k sadly the same is unlikely for most modern vans

ohhh if only had kept all those Mini's I scrapped all those years ago when there MOT's where due!!!

 

[funflair]

I have seen quoted a rule of thumb depreciation calculator for a new van, drop 20% when it comes out of the showroom and then 5% per year.

It worked for what we paid for ours at 6 years old, if you then apply the 5% per year to what we paid it seems about right again for what they are selling for, so in 6 years the original owner lost about £50k and our 6 years might cost us around £10k or £12k if we sold now, which "we are not"

Martin

 

[Jaymacgee]

Hello again, you'll be pleased to know I have now subscribed! Thank you for your thoughts, we are now pretty convinced that we're going to give this motorhome owning thing a go. We're looking for a motorhome that has already taken its early years' depreciation hit, so we're managing our expectations about what we can get. Looked at what we thought was 'the one' today, gutted to find it had damp and even the salesman said he wouldn't buy it. So back to the drawing board, I'll start a new thread looking for ideas of appropriate models. Thanks for all your help in making our minds up.