Sell [How to set a price?] December 27, 2022, 06:25:32 am I would like to sell a LD, 2014, 24', twin king, 62000 miles, well maintained. What would be the estimated price?[Topic title edited to be more descriptive of the question - Michelle] 3 Likes
Re: Sell Reply #1 – December 27, 2022, 12:24:59 pm Hi Sulser; Welcome to the group, but your 'stay' may be short lived. You need to go to our classified section and fill out our standardized template Placing a classified ad. We don't 'Do' estimates here. The marketplace determines the worth of your vehicle. It's location, condition, options and timing all affect what people will pay for it. Since it moves, it is a vehicle, but a lot like a house too. So to attract potential buyers, the more photos you can provide, the better. I've seen ads elsewhere with over a hundred photos. 50 photos might sound like too much, but a serious buyer will pore over each one, looking at minute details. High quality photos are best of course. You can enlist RVTrader, Craigslist, or Facebook to help you sell, some for a fee. Ads there will serve as an example to help you format written text, and what the pictures need to be of. There is presently a 'one time poster' here, but you will have to call her, since she hasn't been back to visit replies to her only post. "Please Tell Me If You Know of a LD For Sale That's a 24 Foot Model. I Live In Ocala Florida, and Will Fly to Purchase GRACIE 503-550-9188." Good luck with the sale of your 2014 'TK. RonB 2 Likes
Re: Sell Reply #2 – December 27, 2022, 05:54:42 pm What Ron said, however if you want a very rough guide take a look here:The Lazy Daze Companion: Lazy Daze Price GuideThe shorter models are very much in demand so you should have no problem selling it, however, you probably missed the top of the market by about 6-12 months. Best of luck! 1 Likes
Re: Sell Reply #3 – December 27, 2022, 08:30:04 pm Hi Owners Group and Sulsers,The Sulsers were kind enough to give me a tour of their 2014 LDTK. It was in excellent condition. Whoever gets to purchase this beauty will be very lucky. I would jump at it but have my heart set on a LDMB which I'll be in the market for as soon as my house sells.You all are awesome!ZanobiaZanobia ShalksSteamboat Springs, ColoradoWannab LD MB towing 2011 Subaru Outbackcurrently 2000 Roadtrek 190 popular since 20071995 Chevy conversion van since 20041980 Dodge Sportsman extended camping van since 1993 2 Likes
Re: Sell Reply #4 – December 27, 2022, 09:49:52 pm A reminder that this is a question about pricing, not an ad. Any ad should be placed in the Classified section. 2 Likes
Re: Sell Reply #5 – December 28, 2022, 04:25:24 pm Quote from: HiLola - December 27, 2022, 05:54:42 pmWhat Ron said, however if you want a very rough guide take a look here:The Lazy Daze Companion: Lazy Daze Price GuideThe shorter models are very much in demand so you should have no problem selling it, however, you probably missed the top of the market by about 6-12 months. Best of luck!This guide has not been updated in quite some time. 1 Likes
Re: Sell Reply #6 – December 28, 2022, 04:34:09 pm Quote from: brewersarcade - December 28, 2022, 04:25:24 pmThis guide has not been updated in quite some time. ....and since the factory closed and we no longer have original MSRP prices, it never will be (at least using the same process). Rich 1 Likes
Re: Sell Reply #8 – December 29, 2022, 03:42:41 pm Quote from: rich - December 28, 2022, 04:34:09 pm....and since the factory closed and we no longer have original MSRP prices, it never will be (at least using the same process). RichDon't we have MSRP prices for up until they closed to 2021? If some of the later years are not available, members who own these newer rigs could chime in on the prices. My statement reflects the fact that the prices are not in line with more current sales esp. post pandemic. The prices have calmed down but you can typically tack on 5k-8k or more onto the guides prices assuming the rig is fairly maintained. 1 Likes
Re: Sell Reply #9 – December 29, 2022, 05:07:07 pm Quote from: brewersarcade - December 29, 2022, 03:42:41 pmDon't we have MSRP prices for up until they closed to 2021?We certainly do …1999 to 2021 LD Original Prices, Specifications & Features InformationHope this helps. 1 Likes
Re: Sell Reply #10 – December 29, 2022, 05:15:00 pm True that the pricing guide is out of date and has been for years. Who knows if it was ever accurate since it was based on asking prices rather than actual selling prices (which are much more difficult to obtain); however, it's the best (and only) guide we have for Lazy Daze. I submit that it is probably a better gauge now than it has been over the last two years when RV prices were out of whack due to pandemic buying.The guide, such as it is, was updated up to couple years ago when the forum moderators decided it wasn't worth the trouble maintaining any longer due to the inflated RV market. As previously mentioned, it's only a guide and starting place to consider pricing of LD's. Obviously, if one can obtain current actual SOLD prices, that would be a better indicator. 1 Likes
Re: Sell Reply #11 – December 29, 2022, 11:54:10 pm Hello Sulser,In Fall of 2018 I sold my 2015 24’ Twin King with a few thousand miles on it for $66,000. I would think that data point might be of some use to you in setting your asking price. Warren 1 Likes
Re: Sell Reply #12 – December 30, 2022, 12:00:15 pm Quote from: brewersarcade - December 29, 2022, 03:42:41 pmDon't we have MSRP prices for up until they closed to 2021? We do, but we won't have them in the future.The way the pricing guide was originally calculated was to take the current factory MSRP and apply a discount(calculated from a survey of asking prices many years ago). The guide would be updated each year as the new factory pricing was released. The discount rate stayed the same, but the starting point (factory MSRP) changed from year to year. The guide was already arguably outdated 3 years ago because the original data used to determine the depreciation rate were outdated. Now, without annual MSRP updates, it's not even possible to follow the original methodology. RichP.S. - I know many long time board members know this, but newer members might not. 6 Likes
Re: Sell [How to set a price?] Reply #13 – January 01, 2023, 08:13:10 am The guide was already arguably outdated 3 years ago because the original data used to determine the depreciation rate were outdated. 1) I fail to understand what is meant by the original data used to determine the depreciation rate were outdated.Could you elaborate?2) The asking prices 3 years were to the moon. That is no longer the case. Some bought in the tulip frenzy and have been underwater ever since. Now, without annual MSRP updates, it's not even possible to follow the original methodology. It was always a used guide. New prices or lack of new prices should have no effect on used prices.Still waiting on the chap who promised to update the guide.
Re: Sell [How to set a price?] Reply #14 – January 01, 2023, 10:43:58 am Quote from: Don Malpas - January 01, 2023, 08:13:10 am1) I fail to understand what is meant by the original data used to determine the depreciation rate were outdated.Could you elaborate?The depreciation model was created years ago (15 years maybe, I don't recall) and never updated. Using that model assumes that the used market today is similar that the used market back then. I argue that it probably isn't.If you care about the details, the model assumed that a new Lazy Daze RV was worth whatever the factory was charging. A 1 year old rig was worth 90.94% of that value. A 2 year old rig was worth 82.7% (.9094*.9094*100%) of that value. A 3 year rig was worth 75.2% (.9094*.9094*.9094*100%) of that value.....and so on. Quote from: Don Malpas - January 01, 2023, 08:13:10 am Now, without annual MSRP updates, it's not even possible to follow the original methodology. It was always a used guide. New prices or lack of new prices should have no effect on used prices.The guide was produced using only 2 numbers. (1) The current price of a new rig, and (2) .9094. Each year a rig is worth 90.94% of the value of a rig that's one year newer. The current price of a new rig and the age of the old rig were the only things that ever changed. To update the guide, all you would do is enter the current price of a new rig and adjust the age of the older rigs (ie. a 2013 was 9 years old in 2022. It's 10 years old in 2023.). Quote from: Don Malpas - January 01, 2023, 08:13:10 amStill waiting on the chap who promised to update the guide.You can do it yourself, IF you have the current asking price of a new rig. Obviously that doesn't exist anymore. Without that, an update isn't possible. I would encourage anyone who is interested to take a close look at the pricing guide you have hosted on the companion. It really is as simple as I describe. (1) Take the current factory starting price, (2) multiply by .9094 (3) repeat. The Lazy Daze Companion: Lazy Daze Price Guide Rich P.S. The Lazy Daze Companion is a fantastic starting point (along with searching this forum) for anyone with a question. There is A LOT of great knowledge gathered there. 2 Likes
Re: Sell [How to set a price?] Reply #15 – January 01, 2023, 11:25:09 am As the person who was updating the guide the last few years, I can vouch for what Rich says. The formula can be easily replicated with any spreadsheet software such as Excel, or manually if you enjoy doing math, but without the factory price updates it’s a moot point anyway.
Re: Sell [How to set a price?] Reply #16 – January 01, 2023, 04:53:27 pm <smile> at the risk of being that guy again (seems I fall into the mode alot).One could take the change of new factory LD in the past and apply them forward into the future. My guess is the factory took the total charge of parts and labor added a profit margin and posted that price. The total cost of example new LD 100,000 for year XThe cost of future LD at year X plus 1 would be pegged to, core inflation.The asking price can now be set. (smile) of course bottom line something is only worth what someone else is willing to pay for it.Also known as the slower fool method of setting prices. I.E. I think you are a fool to pay that price and you think I'm a fool for selling it at that price. When those two lines cross that's what the product is worth. glen 1 Likes
Re: Sell [How to set a price?] Reply #17 – January 01, 2023, 05:26:09 pm Quote from: colddog - January 01, 2023, 04:53:27 pmOne could take the change of new factory LD in the past and apply them forward into the future. My guess is the factory took the total charge of parts and labor added a profit margin and posted that price. My rig was new in 2003 and sold for $64,950According to this inflation calculator, the inflation adjusted price in 2021 should have been $95,649.46.Inflation Calculator | Find US Dollar's Value from 1913-2022The actual 2021 price was $114,750. The inflation based estimate was off by ~20%.Rich
Re: Sell [How to set a price?] Reply #18 – January 01, 2023, 06:26:52 pm OR, we could encourage buyers and sellers to ignore the inevitable second-guessers and step up to report actual transaction amounts on this forum. We’ll start. We knew last September that we had missed the frenzied market peak. That said, we also knew the actual prices of a couple of sales involving friends that were made 9 months earlier “at the peak,” and tried to price our rig down from those points, keeping in mind our new(er) tires, batteries, and brakes and overall very good condition, but allowing for a couple of known (and disclosed) potential nits. The price we came up with was just shy of 50% of the original purchase price for our 15-year old TK rig (‘06 chassis, March ‘07 build, 65k miles). We asked $34k and sold it to the third prospect for $32.5k. Nothing scientific about our methodology. We weren’t trying to extract every possible dollar, but rather to get a prompt transaction with both parties happy. Mission accomplished. YMMV, as Joan says. Good luck! — Jon&Loni 2 Likes
Re: Sell [How to set a price?] Reply #19 – January 01, 2023, 06:43:18 pm Quote from: Jon & Loni - January 01, 2023, 06:26:52 pmOR, we could encourage buyers and sellers to ignore the inevitable second-guessers and step up to report actual transaction amounts on this forum.I agree, a thread dedicated to reporting transactions.I purchased low mileage (7,000) 2017 TK in March 2022 for $90,000, a slight premium over the price guide, but warranted for the very low miles and practically mint condition. 3 Likes
Re: Sell [How to set a price?] Reply #20 – January 01, 2023, 07:44:15 pm The currentQuote from: rich - January 01, 2023, 05:26:09 pmMy rig was new in 2003 and sold for $64,950According to this inflation calculator, the inflation adjusted price in 2021 should have been $95,649.46.Inflation Calculator | Find US Dollar's Value from 1913-2022The actual 2021 price was $114,750. The inflation based estimate was off by ~20%.RichThere were new features added over time also - I believe bigger amp Charger/converters, I think an EMS (or maybe surge protector) was added, memory foam cushions, etc.I know upgrades were at a slower rate but I expect that accounted for part of the priceIncreases.I would say any upgrades (not on newer models) should be added also, with the price lowering over time (and maybe priced at today’s prices as some items like lithium and solar have dropped a lot in recent years).
Re: Sell [How to set a price?] Reply #21 – January 03, 2023, 08:44:07 am we could encourage buyers and sellers to ignore the inevitable second-guessers and step up to report actual transaction amounts on this forum. I suggested that sellers who post for sale notices here, agree to supply the sale price. That could be done anonymously, only the record keeper would know the seller and price. 3 Likes
Re: Sell [How to set a price?] Reply #22 – January 03, 2023, 11:09:24 pm The Lazy Daze Companion: Lazy Daze Price Guideis not credible and I doubt if it ever was. Since the factory closed, it seems to me there is a built in premium for all LD due to the dearth of future replacement models. Coupling that with Covid and its likely reawakening this winter, RV premiums are going higher. The LD price guide is a starting point where Covid premium needs to be priced in plus the premium of no more LD models due to factory closure.I think the idea of posting actual sale prices for different models would be an excellent idea. Only then would we get a handle on true LD prices. A present 2001 LD priced over $30,000 was a surprise to me, but if they get it, I would certainly like to know.
Re: Sell [How to set a price?] Reply #23 – January 04, 2023, 03:12:44 am Hi Bob; I don't see a premium price for Lazy Dazes in the future. The factory not being available with parts and service/collision repairs will hurt the value. Many people who can afford more, will keep some prices from falling, but eventually there will be fewer and fewer still on the road, as older ones get junked. I don't think Covid will affect the prices. Sales now will be for future use this spring with better weather and longer days. The used price of an automobile is easy to predict if it is only a year or so old. The condition is expected to be 'like new' with the mileage a rating factor. The option list (trim level) matters. In a used Lazy Daze, similarly the options and mileage matter. There the similarity ends. The wear, option level, and usage pattern diverge quickly. Lazy Dazes have more lengths and floor plans. Older ones have different chassis, both Chevy. Dodge, and E350/450 Fords. (and one or two F550's / Kodiak's). Many have high expense options. The $37K one has full Lithium, all LED lighting, etc.. Some are what I call original condition with no or few upgrades. Highly maintained ones and not so well taken care of ones. Motivation of the seller, and buyer can result in large swings of asking and sale prices. We don't have enough sample size for a statistically significant results. You can do the research necessary in the online availability and asking prices to set what you want for yours. Others will set your price for you with what you can get/settle for. RonB 6 Likes
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