In this blog post, we will answer the following question: How quickly do caravans depreciate? We will offer a comprehensive guide for anyone who is looking into selling their caravan. We will talk about prices, the market, and give you extra tips on how to make a good deal.
How quickly do caravans depreciate?
In the table below you can see how quickly caravans depreciate depending on how old it is. These prices are, of course, an average based on the USA market of caravans. The final price will always depend on the seller’s abilities to sell, as well as on the market and the buyer’s expectations.
|The year(s) of a caravan||% of the price that maintains||% of depreciation|
|Up to 1 year||100%||0%|
|More than 1 year, up to 2||84%||16%|
|More than 2 years, up to 3||67%||33%|
|More than 3 years, up to 4||56%||44%|
|More than 4 years, up to 5||47%||53%|
|More than 5 years, up to 6||39%||61%|
|More than 6 years, up to 7||34%||66%|
|More than 7 years, up to 8||28%||72%|
|More than 8 years, up to 9||24%||76%|
|More than 9 years, up to 10||19%||81%|
|More than 10 years, up to 11||17%||83%|
|More than 11 years, up to 12||13%||87%|
|More than 12 years||10%||90%|
Selling a second-hand caravan: The price.
This is a tricky subject. We all want to sell it at the best price, which, curiously, the best price, or the one we consider the appropriate one, coincides with what we want.
However, to set an adequate price we have to take into account:
- The market situation. How much is an identical or similar model selling for?
- How is my caravan different from the ones sold on the market?
- Is it in better or worse condition than the ones being sold?
- What year is my caravan?
- What state is the set in externally?
- In what state is the set internally?
- Have I performed regular reviews?
- Have I made improvements?
Just because the same model is on the market at a certain price, it doesn’t mean that you have to put it at the same price. If your caravan is in worse condition than those sold at a price X and you put it at that price, then don’t be surprised to be late in selling it or wondering why no one buys it and after time you have to lower it.
Or, if your caravan is in better condition than those advertised, you don’t have to set the same price as those that are worse. Any potential buyer will be aware of the reason for the difference in price if when he goes to see yours he finds that it is in much better condition than the cheaper ones.
Setting a somewhat high price and waiting for that buyer who will consider it appropriate to arrive can be a strategy if you have time for it and do not mind waiting.
However, if your idea is to sell it as soon as possible to save parking or simply not to be pending, you may have to consider adjusting the price. You may not sell it for what you had thought, but you will have sold it.
Another option is to leave the sale process in the hands of third parties in exchange for the corresponding commission. It all depends on what you value your time.
You should find a price at which you feel satisfied with the sale and the buyer satisfied with the purchase. In this sense, I think that the buyer may have to later invest in the caravan, changing bed sets, curtains, mattresses, perhaps wheels or even some other arrangement.
For this reason, normally the buyer adds another amount to the price that you mark and the result is the real cost that the buyer considers the caravan will cost him and in some cases, he sees it fired or out of all possibility.
Who buys a second-hand caravan?
Someone who wants one, is obvious right? Yes but, let’s analyze this.
Anyone looking for a second-hand caravan usually fits one of these profiles:
- People who have never had contact with the world of caravanning, even with camping or camping sites. They are completely new to this world but at a certain point in their lives, they have decided to try it because it has always caught their attention or they have been recommended.
They do not know anything about this world, much less about caravans. They are quite lost when deciding because they lack a lot of information.
- People who have decided to leap, and go from a tent or a car to a caravan. These people, as a rule, already know the world of caravanning and although they have certain doubts about specific aspects, they usually have information, they have an idea of which one would best suit their situation or they even already know what they want and simply look for something that fits your budget.
- People who already had a caravan at some point and who due to circumstances stopped having it and now want to enjoy one again. They have had experience and have the information they need to make up their minds.
- People who want to change to another caravan. I think that this is usually little but, in some cases, you can find.
There are differences between these profiles, but one thing is common to them; They enter the second-hand market because their budget may not reach the market again.
Where to Sell the Caravan?
Once the decision to sell the caravan has been made, there is how.
The first thing, you have quantified your time. If you choose to take care of yourself, think that if there are many interested parties you will have to show it to them and that is time you have to dedicate.
Make your sales decision known to everyone you know, spread it as much as possible. Don’t forget to tell the owner of the parking lot where you have it, even think about rewarding him if he gets you the sale.
Everything will depend on your urgency to sell it or if you are not in a hurry, but even here the saying is also applicable because what it will cost you is time.
If you value your time more in exchange for not earning a few $ on the sale, then the answer is clear, go to professional caravan sellers who take care of everything.
All you have to do is a query in the internet search engine to get a list of these companies or professionals to contact in your area. Find out about the conditions they have, their methodology and the procedure to make the caravan available to you. With this option, you forget (practically) to be aware of the sale.
Internet sales portals
It is the best way to publicize your decision to sell the caravan. On the Internet, there are second-hand ad portals or social media channels where you can publish your offer. Think that people interested in acquiring a caravan come to these portals so it is the best place to publicize yours.
Make sure you have a set of photos of the caravan, not only to illustrate your advertisement but, in case those interested ask you for more photos.
How to write an ad for a caravan?
If on some occasion, out of curiosity, you have looked at advertisements for the sale of second-hand caravans, you may have observed that in some the descriptions are poor, they hardly say anything and the photographs in many cases are of poor quality or have few images of the caravan.
The ad must be clear. Making a description of the real state of the caravan and the accessories that you sell with it. Think of the people who enter for the first time giving the information that you think they will need to clear up doubts.
Look at other ads to get an idea and make a list of the things you think you should report to stand out from the rest.
Photos must show the caravan on the outside and inside. If the caravan has four sides then less than four photos. If it is mounted with the advance on, it is worth taking a couple of photos in advance on the outside and inside but, what less than three / four photos of the interior and have more photos available to send via email where you can see specific details.
Make clear everything related to documentation, reviews, improvements, accessories. The more information you provide, the easier it is for the potential buyer and the sooner they will decide to contact you.
If someone is interested when they go to see the caravan and finds that the information you provided matches exactly what is found and there are no surprises, rest assured that you will have sold it.
In this blog post, we answered the following question: How quickly do caravans depreciate? We also offered a comprehensive guide for anyone who is looking into selling their caravan. We talked about prices, the market, and gave you extra tips on how to make a good deal.
Remember that when you are selling a second-hand caravan, there are other factors that you must take into consideration except for the price and the depreciation of the price.
Analyze the market situation. How much is an identical or similar model selling for? How is your caravan different from the ones sold on the market? Is it in better or worse condition than the ones being sold? These questions can help you and the buyer decide on a fair price.
If you have any questions or comments on the content, please let us know!
FAQ on How quickly do caravans depreciate?
How much do new caravans depreciate?
New caravans depreciate more quickly than older caravans. Generally speaking, the depreciation rate would be about 15% per year, although this figure can vary depending on the model.
When’s the best time to buy a caravan?
The best time to buy a caravan is when manufacturing companies launch their new designs with renewed features and styles. This means that there will also be massive sales, to get rid of their “old” stock.
Is buying a caravan a good idea?
Buying a caravan is a good idea if you love to travel and the idea of being on the road excites you. However, keep in mind that it is pricey to acquire a caravan. It is also essential to think about whether you have a place where the caravan can be parked since they are large vehicles and need a place protected from the cold and heat.
How long do touring caravans last?
Touring caravans can last up to 10 years, but its condition will vary depending on how much it travels.
Do I need insurance for a caravan?
Legally speaking, you do not need insurance for a caravan, but this means that it won’t be protected from theft or damage. If you are towing your caravan, the car insurance will not cover the damage or theft of the caravan.