Used car sellers and buyers have a convenient resource for uncovering a fair price: The Kelley Blue Book. RV sellers and buyers have a slightly different process, but it’s easy once you know where to look.
One of the most common questions when selling or buying a used RV is if there is a Kelley Blue Book for RVs? The answer is yes and no — it goes by a different name, and it’s not the only place you should look. Let’s take a deeper dive into RV valuation.
What Is the Kelley Blue Book?
Kelley Blue Book is a vehicle valuation and research company with an online database for consumers and dealers to help price used vehicles. Kelley Blue Book is one of the top resources for valuing used cars.
This database can help you determine how much you should get when selling your used car, both as a private party or for trade-in value. You can also use it to determine whether or not you receive a fair price when buying. The Kelley Blue Book has all kinds of makes and models, but does it work for RVs?
Is There a Kelley Blue Book for RVs?
There is no Kelley Blue Book for RVs, but many use another website and database to help determine a used RV value. You have many factors and multiple data points to consider when pricing a used RV, but you can start with the vehicle NADAguides by JD Power.
NADAguides have pricing information for all vehicles, including boats, RVs, and even manufactured homes. Although it’s a good starting point, it’s not the end-all-be-all for pricing a used RV.
About the RV NADAguides
The NADAguides compare to the Kelley Blue Book to help you with price, research, and compare different models and makes of cars, RVs, boats, and more. You should take RV NADAguide valuations with a grain of salt. And by that, we mean do further research when pricing your own used RV for sale or determining whether or not you get a fair price when buying.
How to Determine Used RV Pricing
Are you trying to determine how much your used RV is worth? You can use the NADAguides similarly to the Kelley Blue Book for RVs to help you price your used rig. But you also have more options. Here are some steps to find a reasonable price for selling your RV.
Check the NADAguides
First, check the NADAguides to find your RV year, make, and floorplan. You may not find your specific floor plan or model if you have an older or less common RV. If that’s the case, find a similar unit or model to start your base pricing ideas.
Like Kelley Blue Book, NADAguides will have you enter your zip code, as different locations can affect RV pricing. You can choose to see the base pricing for your model or click through and add other features and upgrades.
NADAguides gives you a low and average retail price and suggested listing price for your RV year, model, and features. Now that you have these prices handy, it’s time for the next step.
Check RV Sales Marketplaces
Next, it’s time to search the popular RV sales marketplaces to help determine the fair value for your used RV. Popular marketplaces include RVT.com and RVTrader.com.
Search for similar years, makes, and models. If you can’t find your specific RV, find a handful of the closest models in similar conditions. Check these prices against the price you found on the NADAguides. Is it similar?
If your prices vary widely, you may need to alter your search or sales price. It’s a good idea to keep your figures aligned with the current market.
Determine Factors That Affect Value
Many factors can affect an RV’s value. Upgrades like solar, renovations, new tires, and more can all add to the price of your RV. Alternatively, wear and tear damage and discoloration can take away from your RV’s value. Be honest and fair when considering what factors affect your RV’s worth.
Sell It Yourself to Get the Best Price
If you want to get the most out of your RV sale, sell it yourself. Selling an RV yourself is more difficult and takes more time, but doing so allows you to keep the full sales price.
Other options for selling your RV include selling it on consignment, where a dealer sells it for you but keeps a chunk of the sale. You can list your RV on Craigslist, Facebook Marketplace, RVT, RVTrader, and more.
Getting a Fair Price When Buying a Used RV
If you buy a used RV, you can do a few things to ensure you get a fair price. The NADAguides work like the Kelley Blue Book for RVs, but you have more things to do to get a fair price when buying a used RV. Always do your research before buying.
Compare With Similar Models and NADAguides
Before looking at a used RV for sale, compare the price against similar models on RV selling marketplaces. Also, check it against the NADAguides. Is the RV severely over or underpriced? If so, it may have damage not shown in the listing, or the seller is offering an unfair price.
Get a Third Party Inspection
Always purchase a third-party pre-purchase inspection once you find an RV that you want to move forward on. These pricey inspections start around $500, but they’re worth it. An inspector not affiliated with you or the seller will give you an unbiased report of the RV and its condition.
Having an inspector check out the RV and provide you with a report will help you understand what you’re getting yourself into and can also give you leverage to negotiate a lower price if they discover defects.
Don’t Be Afraid to Walk Away
Lastly, don’t be afraid to walk away from an RV sale if you don’t feel like you’re getting a fair price. There will always be another RV, so don’t let your emotions get the best of you. You want to be happy with what you get.
NADAguides Are the Kelley Blue Book for RVs, but Not the Only Option
The NADAguides work similarly to the Kelley Blue Book but for RVs. Always reference NADAguides when buying or selling, but look at other sources too. Accurate RV valuation has many factors to consider, and sometimes arriving at a fair price is an art, especially when it has upgrades or renovations. Always do your research when buying and selling, and above all else, get an inspection!