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01-25-2019, 06:25 PM
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#1
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Rivet Master
2017 20' Flying Cloud
Williamson County
, Texas
Join Date: Apr 2017
Posts: 817
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NADA Values are too low for Flying Cloud
So after a full year of looking for a recent year 20' Flying Cloud "Bambi" I am convinced that the NADA RV values are low by as much as 20% if you are looking for an excellent condition Airstream.
We ended up paying $61,000 for a 2017 with about 9 days of use and perfect condition in all regards and full warranty. There was a new out of state 2018 for similar price we found but transport costs and unknowns drove us to choose the "bird in hand" We finally decided to ignore NADA, after the only ones less than $60k we could find were everything from hail damaged to abused, we are very happy with our purchase.
Just curious if this is somehow unique to the apparently hard to find but desirable 20' or if others have observed this disconnect from reality looking at NADA.
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01-25-2019, 08:48 PM
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#2
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Rivet Master
1974 27' Overlander
Baltimore
, Maryland
Join Date: Mar 2016
Posts: 1,042
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NADA is a joke for Airstreams, which don't depreciate as quickly as most RVs do. This is not unique to your rig, and it can cause serious problems when you have an insurance policy that references NADA when calculating the value of a total loss.
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01-26-2019, 06:40 AM
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#3
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Rivet Master
2018 27' International
Southeastern MI
, Michigan
Join Date: Aug 2016
Posts: 2,344
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Books don’t by vehicles. NADA and Carfax are a joke.
A dealer wanted to ding the value of my F350 because carfax showed it had damage from backing into a pole (brand new rear bumper). Thankfully truck buyers are a little smarter than that.
__________________
2018 International Serenity 27' FB
Michelin 16” tires
Hensley Arrow hitch
Tow Vehicle: 2020 F-350 6.7L Diesel
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01-26-2019, 07:13 AM
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#4
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Moderator
2015 25' FB Flying Cloud
2012 23' FB Flying Cloud
2005 25' Safari
Santa Rosa Beach
, Florida
Join Date: Jul 2006
Posts: 13,159
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NADA values have always been basically useless when it comes to Airstreams. I have no idea where they dream this crap up.
Brian
__________________
SuEllyn & Brian McCabe
WBCCI #3628 -- AIR #14872 -- TAC #FL-7
2015 FC 25' FB (Lucy) with ProPride
2020 Silverado 2500 (Vivian)
2023 Rivian R1T (Opal)
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01-26-2019, 08:13 AM
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#5
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Site Team
2002 25' Safari
Dewey
, Arizona
Join Date: Mar 2005
Posts: 15,618
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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.
__________________
Richard
Wally Byam Airstream Club 7513
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01-26-2019, 08:15 AM
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#6
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Rivet Master
2017 26' Flying Cloud
Tampa
, Florida
Join Date: Feb 2017
Posts: 7,657
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I learned when I sold my motorhome that NADA admits their values are not accurate. The reasoning is that compared to cars, the sample size for a given RV is very small, so accuracy suffers.
Makes sense.
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01-26-2019, 09:23 AM
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#7
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3 Rivet Member
Commercial Member
1954 22' Flying Cloud
2017 30' Classic
Currently Looking...
Ojai
, CA
Join Date: Jan 2008
Posts: 156
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I agree with the post that NADA values are off by 20% or more, I am a professional appraiser and appraise 15-20 Airstreams a month. I also agree with the quote that your best approach is an appraisal and an agreed value policy. Jamespolk@polkvaluations.com if you need more information
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01-26-2019, 09:24 AM
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#8
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3 Rivet Member
Rockton
, Illinois
Join Date: Jul 2017
Posts: 103
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Values
For sure the books are off. They’re good if you’re buying but if you are selling different story kind a like a double edge sword.
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01-26-2019, 09:27 AM
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#9
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1 Rivet Member
1993 25' Excella
Valley Village
, California
Join Date: Jul 2018
Posts: 14
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This is why we found an "agreed value" policy on our recently purchased '93 Excella. Insured for what we paid -- and they'll increase value as we renovate/improve the interior.
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01-26-2019, 09:56 AM
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#10
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Cloudland2
2016 25' Flying Cloud
Trenton
, Georgia
Join Date: Jan 2016
Posts: 439
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For those of you that have “agreed upon values “, who is your insurer?
Thanks
Dave
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01-26-2019, 11:48 AM
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#11
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2 Rivet Member
1992 26' Land Yacht
Wickes
, Arkansas
Join Date: Dec 2007
Posts: 70
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We have an agreed upon value with USAA base upon a current appraisal.
__________________
Bob & Dorothy
1992 Land Yacht TT
WBCCI # 4550
Arkansas Razorback Airstream Club
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01-26-2019, 11:55 AM
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#12
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Site Team
2002 25' Safari
Dewey
, Arizona
Join Date: Mar 2005
Posts: 15,618
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I went through FCIS ( https://www.fcisinsurance.com/ ) and I am insured with Progressive. They made the process very simple. They are a sponsor of the Airstream Club and do this on a regular basis.
__________________
Richard
Wally Byam Airstream Club 7513
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01-26-2019, 12:19 PM
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#13
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Rivet Master
2019 25' International
Washington
, Washington, D.C.
Join Date: Oct 2014
Posts: 1,272
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What can one do to ensure they get real value replacement from an insurance company if AS is totaled?
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01-26-2019, 12:22 PM
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#14
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Rivet Master
2019 25' International
Washington
, Washington, D.C.
Join Date: Oct 2014
Posts: 1,272
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Sorry didn’t read down the thread for all answers to my question. Thanks!
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01-26-2019, 01:45 PM
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#15
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2 Rivet Member
Join Date: Sep 2015
Posts: 47
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Quote:
Originally Posted by azflycaster
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.
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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.
[emoji35]
Rockitman
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01-26-2019, 04:47 PM
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#16
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Rivet Master
2008 19' Bambi
2012 23' Flying Cloud
2016 25' Flying Cloud
Bandera
, Texas
Join Date: Jun 2012
Posts: 786
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Quote:
Originally Posted by davidrrand
For those of you that have “agreed upon values “, who is your insurer?
Thanks
Dave
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Liberty Mutual
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01-26-2019, 05:46 PM
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#17
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:SPACE A" S/O 11 Air19745
2006 34' Classic S/O
Fort Worth
, Texas
Join Date: Feb 2007
Posts: 1,766
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Squairstream, Re: Post #11. Is your agreed value policy from USAA written through Progressive's/USAA's arrangement?
guskmg
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01-26-2019, 07:14 PM
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#18
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Registered User
2016 25' Flying Cloud
Fairfield
, California
Join Date: Sep 2016
Posts: 905
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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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01-26-2019, 08:18 PM
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#19
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4 Rivet Member
1976 31' Excella 500
Chappell Hill
, Texas
Join Date: Sep 2017
Posts: 485
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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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01-27-2019, 08:14 AM
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#20
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2 Rivet Member
1992 26' Land Yacht
Wickes
, Arkansas
Join Date: Dec 2007
Posts: 70
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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.
__________________
Bob & Dorothy
1992 Land Yacht TT
WBCCI # 4550
Arkansas Razorback Airstream Club
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