Opinion on used LD for sale May 29, 2020, 03:37:02 am Hi,I will be full timing at the end of the summer. Iam currently looking at a 2006 50th Anniversary Edition LD with 57000 miles for 48995$.It looks well maintained and of course I would have an inspection. I am wondering if anyone would consider that price too high.It is the floor plan I love and I know used lazy daze are hard to come by.Any opinions would be helpfulThank you-safe travelsKaty
Re: Opinion on used LD for sale Reply #1 – May 29, 2020, 08:30:38 am "am wondering if anyone would consider that price too high"----Yes. IMO, the $49000 asking price of a 2006, even one that is in superior condition for a 14-year-old rig, is about $15000 over what it should sell for. Three red flags that suggest to me that you might be too willing to overpay (and this has likely been noted by the seller if you've seen the rig in person and talked with him/her): "love the floor plan", "will be fulltiming at the end of the summer", and "used Lazy Dazes are hard to come by". Not saying that you shouldn't check this rig out thoroughly for possible purchase, but the asking price is wildly inflated. A rig that "looks well-maintained" can have hidden warts and need services and replacement components that will add a few thousand more to the initial selling price. Since you intend to fulltime, and anything you buy will be your home, I suggest putting all due diligence (and price negotiating skills) into play.YMMV, as always.
Re: Opinion on used LD for sale Reply #2 – May 29, 2020, 08:50:47 am Quote from: katy722 - May 29, 2020, 03:37:02 amHi,I will be full timing at the end of the summer. Iam currently looking at a 2006 50th Anniversary Edition LD with 57000 miles for 48995$.It looks well maintained and of course I would have an inspection. I am wondering if anyone would consider that price too high.It is the floor plan I love and I know used lazy daze are hard to come by.Any opinions would be helpfulThank you-safe travelsKatyIf I may ...... one path I take when looking at a purchase of things over $10,000 is what can I sell this for. When I ask myself this question I tend to remove the 'love' factor. My mother shared with me a great saying 'never fall in love with something that can't love you back.'. glen 1 Likes
Re: Opinion on used LD for sale Reply #3 – May 29, 2020, 10:28:03 am Point out the used prices guide to him and maybe add 10% - or more. Present it as your best offer. Point out that the guide hasn't been updated for 2020. Be prepared to thank him for his time and move on. Frank
Re: Opinion on used LD for sale Reply #4 – May 29, 2020, 12:08:56 pm Regarding updating the used price guide, remember it’s just a guide. In the past, the factory’s yearly price increases were pretty consistent. With the new Ford chassis rolling out in 2020, and the reported hefty price increase associated with it, I’m thinking the guide is becoming less and less accurate and useful but our moderators can make the call if they want to continue updating it.
Re: Opinion on used LD for sale Reply #5 – May 29, 2020, 12:11:29 pm Yes, the guide is a guide, and the market determines the ultimate price, but almost $50000 for a 14-year old rig is, IMO, flat nuts. YMMV, as always. 2 Likes
Re: Opinion on used LD for sale Reply #6 – May 29, 2020, 12:12:12 pm Quote from: Joan - May 29, 2020, 12:11:29 pmYes, the guide is a guide, and the market determines the ultimate price, but almost $50000 for a 14-year old rig is, IMO, flat nuts. YMMV, as always. Agreed!
Re: Opinion on used LD for sale Reply #7 – May 29, 2020, 12:19:40 pm Thank you all so much for the info. From my research, I figured it was about 15000 above- I did not let him know how much I love it or that I am going full time. He is not willing to budge and is asking OVER what he is asking. Almost like he thinks he will get a bidding war because it is a "Rare 50th Anniversary Edition"I appreciate all of your input- Hope to meet you all on the road! Thanks!
Re: Opinion on used LD for sale Reply #8 – May 29, 2020, 12:30:17 pm Quote from: kool83704 - May 29, 2020, 10:28:03 am Point out that the guide hasn't been updated for 2020. The 'guide' hasn't been updated to reflect the 2020 new pricing.In fact, the data used to create the model in the 'guide' haven't been updated in almost 20 years. It's a snapshot of a used RV market that is old enough to attend college. Further, the original survey was based on asking price and not selling price, meaning that price points like the one from the beginning of the thread would have been included.In my observation, prices deviated below the 'guide' around 2010 when the demand for RVs was way down and gas was $4 a gallon. I think actual prices might be a bit above the 'guide' these days with lots of demand and cheap gas. I still think the data are useful as a rough starting point, and Barry Barnes (the original collector of information) was more than generous to share his work. I also think that we need to remember the limitations. As pointed out, the 2020 chassis update switch is a big one in price and features. A straight 2020 guide update would imply that the 2020 update makes all previous models more valuable, which doesn't sound reasonable. In the end, a buyer preparing to spend $50,000 on a used Lazy Daze should consider what else they can get in the RV market for the same price. If they prefer the LazyDaze over the other options, they should make an offer and sleep well at night. Rich'03 MB in NC 1 Likes
Re: Opinion on used LD for sale Reply #9 – May 29, 2020, 12:38:13 pm For those interested, here is a post by Barry Barnes, who created the original model for the pricing guide explaining a bit of the process:Used Lazy Daze Price ComparisonThe price database evolved over the years, starting with the information Chris Horst collected. Many individuals contributed data from their own LD transactions, and a few contributors like oryoki2000 added collected data from many transactions. Still, I don't think anything has been added in a LONG time.We're fortunate to have so many years of collective Lazy Daze wisdom available here on this forum!Rich'03 MB in NC 1 Likes
Re: Opinion on used LD for sale Reply #10 – May 29, 2020, 12:59:19 pm Quote from: rich - May 29, 2020, 12:38:13 pmFor those interested, here is a post by Barry Barnes, who created the original model for the pricing guide explaining a bit of the process:Used Lazy Daze Price ComparisonThe price database evolved over the years, starting with the information Chris Horst collected. Many individuals contributed data from their own LD transactions, and a few contributors like oryoki2000 added collected data from many transactions. Still, I don't think anything has been added in a LONG time.We're fortunate to have so many years of collective Lazy Daze wisdom available here on this forum!Rich'03 MB in NCGreat background, Rich. Thanks for posting! The key takeaway for me was in Barry's reply #14:The LD data analysis is just another way of enjoying LD discussion, and not intended as a serious tool for decision making. In any case, 'data mining' such as this has a poor reputation in serious research.
Re: Opinion on used LD for sale Reply #11 – May 29, 2020, 01:06:55 pm Quote from: HiLola - May 29, 2020, 12:59:19 pmIn any case, 'data mining' such as this has a poor reputation in serious research.[/i]In a world that uses more and more 'data mining', it's interesting to see the opinion of the trained scientist who created the sales table.Larry
Re: Opinion on used LD for sale Reply #12 – May 29, 2020, 02:19:53 pm So Katy; We don't know what your experience level is, or where the AE LD is located or where you are. Condition matters a lot, but we don't know the options it might have. Condition of the roof, paint, insides. Maintenance records. Has it towed? Age of batteries, tires, etc.. Do you have a link to pictures? Included options can help the price along. I bought a used 2001 MB in 2017 for some friends. The price was high, but when I got there it had a re-enforced hitch, tow bar and brake buddy, new batteries (one week old), replaced 'fridge, replaced fuel line, and more extras. And in the color that I knew my friends wanted. They planned to tow (a Jeep) so the price was good. My friends were going to rent, but after 7 months living in it, (and learning more about 'other brands') they still have it. RonB
Re: Opinion on used LD for sale Reply #13 – May 29, 2020, 02:29:51 pm Ron, pretty sure this is the one Katy is referring to:2006 Lazy Daze 26.5 Mid-Bath - rvs - by owner - vehicle automotive...
Re: Opinion on used LD for sale Reply #14 – May 30, 2020, 04:04:14 am Thanks Greg. Must have missed that somehow. It looks nice, but needs LED lighting, inside and out. Seven years newer than mine, and about the same mileage. Tempting but I'm holding out for a 2022 MB. RonB 2 Likes
Re: Opinion on used LD for sale Reply #15 – May 30, 2020, 10:06:45 am Quote from: RonB - May 30, 2020, 04:04:14 amThanks Greg. Must have missed that somehow. It looks nice, but needs LED lighting, inside and out. Seven years newer than mine, and about the same mileage. Tempting but I'm holding out for a 2022 MB. RonBI know the Anniversary editions had some nice upgrades from the models of the same era but I’m thinking the newer models are even better equipped. Waiting as well . . .
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