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Old 01-26-2019, 01:45 PM   #15
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Originally Posted by azflycaster View Post
Everyone knows that the NADA and Kelly values are a joke. They use the same depreciation value for everything. The problem is that those values are used by most banks and insurance companies. The first thing to do if you purchase a used Airstream is to get an appraisal and an agreed value insurance policy. It will cost more, but your investment will be covered.
Agree 100%. Only lenders, dealers, buyers, and adjusters use [fill in book name here] to suit their current advantage. And, it doesn't matter what type of "vehicle" you're buying... auto, truck, trailer, boat, motorcycle, etc.

I still ask for it, but I don't trust Carfax anymore either. I was trading in a Tundra a couple years ago that I originally owned. We started talking trade-in value when the Dealer's salesman showed me the Carfax that said the truck had been rolled. But, unless it was rolled somewhere between the manufacturing plant and the dealer I bought it from, it never happened.

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Old 01-26-2019, 04:47 PM   #16
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For those of you that have “agreed upon values “, who is your insurer?

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Old 01-26-2019, 05:46 PM   #17
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Squairstream, Re: Post #11. Is your agreed value policy from USAA written through Progressive's/USAA's arrangement?
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Old 01-26-2019, 07:14 PM   #18
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Progressive, sold and been insured with them for decades. They have treated me fairly except when they cut our commissions by 2/3's.
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Old 01-26-2019, 08:18 PM   #19
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Ask NADA or Carfax or KBB to buy your vehicles. Won’t happen for their prices. It’s all about what the seller and buyer are willing to agree on. Bottom line.
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Old 01-27-2019, 08:14 AM   #20
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guskmg: re your post . Yes my policy is with Progressive thru their relationship with USAA. Nationwide would have placed the policy but the restrictions and conditions were unreasonable.
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Old 02-03-2019, 12:51 PM   #21
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NADA values are also low for cars and trucks and when you are trading in a vehicle, dealers will show you the NADA values. I show them Edmunds and Kelly's Blue Book's values which are generally higher as well as newspaper ads (theirs are best). When I checked the NADA value for my Airstream it was about 40% of what I got for it when I sold it. I had two buyers at the same time, so I should have asked for a bit more.

NADA is a dealers' organization and simply does what dealers want. If you buy a used car from them, they won't show you the NADA book.

Banks loaning on an RV probably know very little about them and getting used vehicle values on RV's requires a lot of research. Just looking at NADA is easy—RV loans are a small part of their business. Insurance companies have more experience with RV's, but they only want premiums and do not want to pay damages so they will use NADA. It often requires fighting with all of them to get what you deserve.
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Old 02-03-2019, 03:16 PM   #22
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I use AARP's insurance, The Hartford. I told them what the trailer was worth over the phone, '97 Safari, added $2,000.- and they gave me a quote. No hassles.

There was a roughly $10,000.- claim for bodywork for the replacement of 3 outside panels the insurance company took care of, no problem. They did come in a little lower than the AS dealer wanted but the insurance co. quickly came up with the right amount.

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Old 02-04-2019, 08:14 AM   #23
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This topic drifted a bit, so I will just add my relevant insurance experience. We have a policy with Allstate, and the coverage is $77,000 for replacement of our 2017 20' FC FB if totaled. I asked about how they determine that since we paid $61,000 +tax/lic. Apparently the policy will buy a new replacement because it is a recent year model and reducing our coverage to what we paid would not save that much anyway. Imagine we will have to review the terms every year to see exactly what the coverage is.
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Old 02-04-2019, 02:32 PM   #24
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I bought my 2013 20' FC BAmbi for $44,400 last year. It is insured for $59,000 replacement value.!
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Old 03-17-2019, 06:31 PM   #25
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Given none of us put any faith in the NADA, KBB, or Edmunds numbers then what is an acceptable means of estimating modern trailer values for models 2010 and newer?

I completely agree that appraisal services are the right course for vintage trailers or establishing value for insurance policies, but before contracting for such a service what is the current thinking around pricing or depreciation?
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Old 03-18-2019, 08:51 AM   #26
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I appraise as many modern trailers as Vintage. I continue to work with the JD Powers folks who own NADA however their primary interest will always be Automobiles. Please feel free to give me a call, I can help with many questions with a brief phone call.
James Polk ASA PE 805 646 7293
jamespolk@polkvaluations.com
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Old 03-18-2019, 04:38 PM   #27
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When we sold our Airstream, I checked what people were asking on the Forum. You can see like trailers tend to cluster around a price point and when they sell, you can get an idea what yours is worth. You can also check listings of trailers for sale by dealers, especially the larger ones. Those may be inflated considerably compared to what people actually pay. However, convincing an insurance company is another thing. I suspect insurers will accept dealer prices more often than the asking prices on the Forum.
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