Watch this before selling your RV!

[@RollinHomies]

Best quote I’ve ever heard… “ if you can’t pay cash for it, you can’t afford it!” Dave Ramsey

[@kerrykerry5778]

Absolutely. We bought our first class A in the depths of the great recession. I encountered countless owners who were in deep financial distress as a result of being upside-down with their motorhome mortgage. I must have had this conversation 6-8X. "Well, you certainly have a nice looking rig, we are interested and have cash. Before we drive to see it in person, I have one question. You have it priced well over the high dealer retail figure, are you firm on that number?" In every single case the answer was, "Yes, I can't really negotiate, that is what I owe on the loan". Every one of those owners was suffering from the hope, or delusion, that some greater fool would appear to save them from the mess they created for themselves. It was both absurd and sad.

[@RollinHomies]

@@kerrykerry5778 yup. Same will happen with real estate.

[@gypsygirl9519]

Yes sir! I've been living in a RV since my divorce. It's been 11yrs now. I really don't think I would live any other way. The freedom to live wherever the good Lord wants me to load up and go. I can. Debt free living for years. Always pay cash if you can

[@JeffinTD]

A few years back I looked at some used RVs on the private market. Im astounded at how many people have 10 year notes and are going to be way upside down for most of that time. Paying cash is the best bet, but if you do have to finance at least put enough down so you could realistically sell it for less than you owe.

[@joyfulhomemaker8053]

I'm a Ramsey girl myself. We bought our truck and RV years ago up front cash. Not emotional in it so we took our time and got the most amazing deal on the exact RV trailer we wanted that fit our needs and budget! Now it's so wonderful to be ready to upgrade and be able to sell our current rig without panicking.

[@haroldhunter4671]

Don't sell your RV'S !!!.......Wait untill I sell mine.

[@pattyharris1962]

I pay $125 /month for covered storage and cheap insurance. I will not sell it, though I have thought about it, because I own it outright and it would cost double or triple to replace it. I also keep it just in case there is a SHTF scenario. I could get in and go somewhere that may be safe. ❤

[@heatherk8931]

Get familiar with it, check for leaks or wiring bugs. Get solar set up so you can be unplugged. Mine's in the driveway and I found the refer is dead! For example

[@bjones5791]

Good thinking😉👊

[@canyonero2050]

If the SHTF to the point you wanna abandon your home, don't count on fuel being available to move your RV down the road.

[@pattyharris1962]

keep your RV in case you lose your HOUSE. Check out renting it out first. Remember, you can live and drive your RV but you can't drive your brick and mortar house.

[@marksac5080]

In these dark times I've decided to jump into the RV lifestyle , not going full time RVing just a way to go on adventures while I'm still young enough to do this on my own. I'm 61 yrs old, recently retired in Dec. (6 months ago), recently widowed after 38 years with the love of my life (2 months ago). These have not been the best of times. RVing will give me a way to join a new community of what looks like wonderful people. I ordered my starter rig, it is going to be a 2022 27' Flying Cloud. Hope to take delivery before October. I know how difficult it is finding a truck but just my luck I found a new GMC SLE 2500 that was so "reasonably" priced I bought it on the spot without a second thought. I took it as a sign to follow my dream! Have a buddy that pulls a 5th wheel so I'm getting some guidance. Every person I've met with an RV seems to be full of life and joy. I want in!!! Went with the Airstream because of potential resale value, build quality, and didn't want slides for simplicity and it's just going to be me and my dog. I'm finally starting to feel excitement at life after 60. From Tucson, Az, Thank you for the video

[@sbayles]

So sorry for the loss of your spouse. Heartbreaking. Best of luck in your new adventures.

[@genacostello5896]

Your post both broke my heart and gave me hope. Sending you lots of hugs.

[@mikemanjo2458]

I am sorry for your loss, but I'm so excited for you to go on adventures! We enjoy camping and your spirit has encouraged me today. Love and prayers for you as you travel. Enjoy and travel safely! There is a group called Girl Campers you might check out if you'd like to travel with a group of ladies. ❤️🙏 Jane in SC

[@superdave1263]

@Mark SAC Hope that you got the diesel model or else you can’t afford to retire! Diesel fuel alone will cost upwards of $10.00 a gallon in a few months. Remember in 2018 Barry Soetoro said that he wants us to pay what Europe is paying, ten bucks a gallon!

[@marksac5080]

@Ron Benghazi Hedlund Thank you Ron. I've been watching RV youtube videos 24/7 to educate myself as much as possible and have been very impressed with some of the Harvest Hosts sites.

[@thomastheys6681]

Selling my class a Monaco 40 foot diesel is no where in my plans . my opinion on the dark times ahead hopefully they’ll be over after the next major election. Get out and vote make a change. Thomyt

[@greyangelpilot]

So another politician, with another “Policy” is gonna look out for you & your middle-class plights? What Policy might that be which will reset the War in Ukraine, High Energy Prices, etc. ?

[@rocksez5101]

My friend, you need to understand Federal Reserve policies and how they affect you! No President of either party affects your livelihood, unless he starts a war perhaps.

[@lisahertel2415]

My concern isn’t so much gas prices (but they are a major concern), but rationing, ESG scores,& fuel not being available.

[@lisahertel2415]

@@greyangelpilot what President Trump did. Easy. Start drilling, building refineries, stop the “green energy “ BS, stop the climate crisis nonsense, stand up to, not embolden our enemies. You have paid attention to absolutely nothing

[@patricialmt5272]

Democrats and Rhinos out !

[@mn2mx563]

Also if you can no longer afford your home/apartment/retirement etc. your RV becomes your dwelling place and it’s a whole lot bigger than a car

[@bradleywilkerson8497]

First off I bought a 1987 jayco 2 years ago I would never sell it I am doing some remodeling on it for space but one thing when shtf and people are with out power or water or a way to cook I'll still have all that so ya better start thinking about that before it's to late

[@jl75750]

Good points. I’ve always been advised to pay for an rv in cash. Do not finance. I’ve adhered to that. We plan on keeping our rv for the foreseeable future. And hope gas prices will come down too. That might be a pipe dream though based on whats happening in the Ukraine.

[@jaycollins7288]

What is happening in the Ukraine is not what we are being told by the mainstream media. When you do the research and see how many politicians have ties to the Ukraine with their families owning shares of companies and working in high paying jobs over there, you need to question their motives. The Ukraine is the last of the cabal owned corruption plagued companies that are involved in human trafficking and worse. Putin is not the tyrant he is made out to be. This truth as well as many others will come to light soon. The economy will turn around quickly. Do some research on the Quantum Financial System.

[@lisapatrick1276]

Camping is the best thing to teach people how to make it through the depression to come. 😞

[@pouglwaw5932]

I got a vintage mini motorhome. The mechanical simplicity, the reliability, the gas mileage, and the "dated charm" are all great. Prices for these "old girls" won't fall no matter what happens. Maintenance can be tiresome, but affordable if you don't mind getting your hands dirty. The old appliances [except the forced air furnace] all seem "bulletproof". The little water pump quit and the replacement cost $19. I'm loving the homey interior woodwork and patterned wallpaper- Why pay a fortune to have a "millenial white" interior and fragile remote-controlled electronics to operate everything?

[@kihntagious]

I have a vintage Toyota that I want to sell because I bought it before I drove it very much and I can't drive it. It's manual trans which I can drive but the steering and large steering wheel are difficult to maneuver. I have arthritis and im not strong anyway. But I bought it because of FOMO fear of missing out.

[@kimsikorski5691]

@@kihntagious what size is it and what would you want for it?

[@bradbrown3073]

I struggle with that assessment you’ve made - not because it’s not accurate - but because the old ones don’t have many of the features I crave for - which is more space and comfort / as the new ones have slide outs that add valuable real estate - and the layouts and materials are much better than the old ones. I own a 1989 Toyota Sunrader with a 22RE that I’ve updated and improved a lot - mostly the mechanics and suspension -- it works great and gets 15 mph and as you said - repairs are easy and cheap - I can go into any gas station / repair place and get it worked on as needed - even fits into those fast oil changing chains - but what I can’t get is more space and comfort inside. Maybe it’s time for me to look at older models that you are referring to ….so I’d like to know which models and years are you referring to? I’m currently looking at 2012 Winnebago Via 25’ models which fuel efficiency is comparable to my 22RE but has 1-2 slide outs and 4’ longer space.

[@SignalCorps1]

I love the Wingman, but in this case I respectfully disagree. My view is the price of used RVs, particularly high-end brands) are going to decrease over the next few years because many of the new RVers are going back to their cruises, club meds, and other forms of vacations. That combined with all time gas prices and massive economic headwinds doesn’t bode well for the future of any discretionary assets and particularly those that rapidly depreciate of time. Even the Wingman’s guest that he says is the smartest guy in the RV industry recommended selling used RVs now, if you’re not planning to buy a new one. My view, if you planning to sell in the next few years, sell now as it will get worse before it gets better.

[@jimmyhvy2277]

Agree , bad times coming soon . Good Luck People .

[@debicaron6046]

I agree, it doesn't look good

[@granthill2980]

Words of wisdom!!

[@mikejohnson7768]

I see more people buying used small and medium sized rv,s to live in because of the exorbitant rent and purchase prices on homes.

[@bradbrown3073]

Good advice to think through all your options - before selling. The only thing I’d say is that it’s not true that if you sell (at a loss because prices were inflated) that you won’t get back in later in life. We are heading into a major if not extreme recession and if your finances are stretched to the limit - then I believe it’s wise to sell at a loss and get your finances cleared up. What’s not being said here is that if you keep your RV through these difficult times - it’s not like you will be able to afford taking Your RV on a vacation trip - as those trips will add to your expenses at a time when you will need to be paying off debt. And the idea you should keep an RV to create memories for your kids / grandkids sounds wonderful - but at the same time -how are you going to enjoy your trip / vacation knowing you are going further into debt? I’m a believer in the RV lifestyle - either FT or PT - but neither is a requirement that you have to do in the “luxury” that RV’s cost ….sell and be through with your payments …work towards being debt free and then go back in when you are financially stable again. In the meantime - if camping is part of your life - I’d strongly consider car camping or tent camping as alternatives for those years that you are sacrificing to become either debt free - or financially responsible. It’s not ideal as compared to your RV - but it certainly keeps you connected to the essence of the camping out experiences you love and creating the many memories “WINGMAN” is talking about.

[@richardsegedi5778]

Thank you

[@davidh2420]

I think we have not come near to bottom. When everyone started buying, I predicted this was emotional buying, without knowing all the costs. I knew these RV's were going to come back on market, I didn't see $5++ gas prices, so that even more so will cause the dump. The winter of 2022 is going to be a fire sale of used RV's, which will dry up the new RV market, and those prices will fall. Not brain predictions, just common sense.

[@coreymerritt7742]

Wise words Allen I purchased my travel trailer in 2013 and it is paid for I’ve already been offered 10 thousand more than what I paid for it I don’t plan on selling or wanting to go back into dept yes it would be nice to have a new one but it may have more problems than my old one ☝️

[@coreymerritt7742]

your very right I have a 2006 komfort travel trailer it was made in Oregon before Dutchman took over it is built very well I know from watching a lot of reviews I’ll keep mine and just doing upgrades thanks

[@wanderingstar5673]

If people are in financial difficulties, yes, they should sell. Not only rvs, but boats, atvs, skidoos, etc. These items are not necessities. I have seen people reach out to their church and other organizations for help while keeping all of their toys , luxury items, subscriptions, etc. Housing, utilities, food, clothing, and a serviceable vehicle are necessities . Your church and charitable organizations aren’t responsible for helping people maintain a lifestyle they cannot afford .

[@lisahertel2415]

Agree, and welfare has been like that for many decades. I personally don’t know anyone you know doing that.

[@percivalgooglyeyes6178]

The Lord will provide the righteous!

[@wanderingstar5673]

@@lisahertel2415 - not yet , but doing other economic downturns it has happened.

[@happycampers5547]

I disagree 100% what is happening is the this fake evil government fault RIGHT NOW! IF YOU THINK FOR 1 MOMENT THAT THEY CARE ABOUT YOU, YOU'RE SADLY MISTAKEN! AND YOU ARE SO WRONG! THEY HATE US ALL! THEY HATE AMERICA. THEY ARE TRYING TO STARVE US ALL TO DEATH OR JUST OUT RIGHT MURDER US!! BUT THAT CAN ONLY HAPPEN IF WE LET THEM DO IT! They are doing all these horrible evil things on purpose. BECAUSE THY ARE OF THE DEVIL! They want tell us what and when to do it to control everything we do! And some of you are falling for it! Soon THIS NIGHTMARE WILL BE OVER! WAY BEFORE 2024. WAKE UP! GOD BLESS US ALL WHILE WE SAVE OUR SELVES! BECAUSE WE ARE WINNING IN JESUS NAME AMEN!

[@src4409]

Exactly. We realized that we cannot afford the rv and truck to pull it anymore. Our fuel costs went from 127$/mo to $500/mo... and we work from home, and aren't using the truck to pull the camper. Time to sell both. We'll save up enough to pay cash for both and buy again in ten years. Just not feasible right now.

[@davidbeyer7070]

We have a 2017 Newmar London Aire we bought in November of 2017. I bought it for when I retired in 2020. Looking back the prices where much lower, Newmar had not sold to Winnnebago Last night skimming through the used and new MH's they have went. sky high! A new Dutch Star is now in the 600k+ range. We are not full timers and it sits inside a enclosed garage. So I am keeping what I have and taking our granddaughter to the beach this month. I also have slowed my speed down from 69 to 59 mph and amazed at the better fuel economy to help offset the rising fuel costs. I am wondering who is buying these new 2022/2023 diesel pushers at this hyper inflated prices?

[@matt75hooper]

People saw a huge spike in their home value. They yanked huge $ sums from that equity & spent like there was an inbound asteroid. Party's over. They have this gas guzzling monstrosity parked beside their home losing value every hour of the day. Very sad.

[@TheMinnow101]

Your advice is all well and good but the reality is families need food, energy to keep the house cooled/heated and gas to get to work. As all of these things are up anywhere from 10 to 40% and climbing every day, that gleaming piece of metal sitting in the backyard that maybe, just maybe gets dragged out 2-3 times a year but has a $300 payment due every month now isn’t so shiny. That $300 payment needs to be reallocated to put food on the table, gas in the car, and heat in the house in the winter.

[@golden.lights.twinkle2329]

I've had two notes put under my wiper in the past week "Do you want to sell your van? I have cash and will buy it as-is".

[@marybradley3871]

The economy is going crazy. By this September and early fall, we will see things we, as a country and world have never seen before. It's just beginning. People will need to choose between eating and buying gas to get to work (if there is work.) Soon, people will sell whatever they can just to exist. If you have enough money to live comfortably and still have time to travel in your RV, you my friend, should count your blessings. 🙏

[@TwilightedForever1]

Hotels are gonna be scrambling for business too as people ditch any vacation ideas in favor of food in the fridge and healthcare! Basic needs come first. 👍

[@Buck1954]

I live full time in a used 42 foot 5th wheel. No debt, and I don't pull it anywhere, nor do I own the truck to pull it, though I wish I did. I wouldn't buy a diesel though, because this trailer will be a base camp where ever I go. It will sit for several months, maybe a year if I like the place. I wasn't freaked out by covid, working at home, or any other issue. People worry too much because they have gobs of debt.

[@Tatiacha]

rent out your RV that you are upside down on? ahhh nope, no, no, no, so you can have a depreciating asset that you are already in the hole for potentially trashed by ignorant renters so it is worth even less than it is now... insane

[@cathyann6835]

My nephew had his stolen when it was rented. He went through some company and he got his money back for the camper. It was a nice one too.

[@timelsen2236]

Purchases, so expensive almost as much as real estate should not be made impulsively! Like a car RV's loose value upon driving them off the lot, unlike real estate. New models are affordable only for those with enough spending cash for buying entertainment toys. Used RV's are a much more reasonable purchase for anyone not rich enough to later find they need that money just to get by. At least a used RV can be resold without taking a huge financial loss. Also, plan to learn to do small repairs. If this practical approach is followed an RV will be an asset rather than a money drain that could feel like financial ruin.

[@blackcatrose4257]

Im saving up for an RV thats my future home. This worlds going nuts so im not campin im living in mine when i get it. Its like saving up for a home vehichle combo. Yep its for me.

[@rickpatterson4495]

Most of the people that bought RV's in the last two years, should have stayed with a Tent,, Most of these people maybe spend two weeks camping a year, Storage, payments, insurance, repairs. They could have rented a cabin for a lot less...

[@TangentToWhat]

My Outdoors 21RD, purchased in 2019, is my plan B. Retrofitted, solar etc, is set up for 30-40 days off grid. Water is your big concern and that's why I went with the Creekside. Include a Berkey in your plan. Should everything go sideways, your RV is gold. Don't sell, prepare for what's coming. America is getting ready to learn a big lesson, we can't borrow our way to prosperity.

[@fj9460-lr]

Value; of what value is your RV, to you not to lenders and buyers, not in money but in opportunities to build memories for your family and yourself? Very well said indeed. You bought an expensive toy, unless you’re suffering a loss of income you would still be paying for your dream get away regardless of the economy. Take a deep breath, refinance (credit unions are the best) and live your RV dream; we’re only here once, our families will grow up and leave with good memories of family outings and camping experiences made possible because dad (grandpa) had an RV! You can’t take it with you, use it!

[@billmiddlestead6367]

dark times is going to be an under statement!!

[@bwlyon]

We have a used 2012 Chalet slide in truck camper, had been making payments for the past 4 years and got tired of the payments. The solution was pay it off, and that’s exactly what we did wrote a check and paid it off. Glad not to have to worry about that anymore. Sadly the RV market got way to overheated and now people are wanting out due to the economic situation. With gas prices so high and inflation at rates not seen in decades people are becoming financially strapped and simply can’t afford to go camping at a minimum, or can’t afford the camper or camping altogether. It’s gonna get worse sadly. Their rainy day funds are evaporating faster than an ice cube in Death Valley in July!

[@paulab984]

We had a 2012 Chalet and a 1999 F350 dually and loved it! Enjoy yours to the hilt - it's a great camper!

[@fireflymary9269]

Good. Let em bail. Too damn many people have jumped into rving because of KZbin personalities and publicity and its ruining and straining a system burdened by not only travelers but folks combatting too high housing costs and living in an rv is their last option before homelessness

[@EarlBalentine]

We originally purchased this year a small TT 22footer to be pulled with our SUV. After as a couple thousand miles we decided the TT was too much for our SUV to pull. Since then we have upgraded our SUV to a 1/2 pickup truck. We have no problems pulling the TT now. Now we would like to upgrade our 22 foot TT to a 26 foot 5th wheel. Again making it hard to pull with our 1/2 ton truck. We will sell our TT 1st, 2rd sell our 1/2 ton truck, 3rd upgrade to a 3/4 ton pickup and 4th go buy our 5th wheel. We have enjoyed RVing for the past 23 years, we have done plenty of ship cruises and are done with that. We love RVing, we can go any time we want stay as short or as long as we want. We enjoy rving with just the 2 of us. We try and go one week out of every month. In the Spring we are planning a longer 2 or 3 month trip up the California coast to Seattle and back. I know we are upside down with what we owe on our current rv. We will probably end up losing a few thousand dollars, but if that is the price for total happiness then let it happen. Tomorrow may not be here.

[@cliffshenkel7350]

Please pay more than your minimum payment. A $100 extra per month would take years off the loan.

[@thestooges333]

The smarter thing to do is pay cash for the rv, if you don’t have the cash don’t buy it.

[@ceciliapetrowsky2572]

That’s what we did. Large down payment and then made double payments and it was paid off in four years.

[@phxbro1]

The answer to this is don't vote Democrat. They did this. Let's go Brandon.

[@grc5618]

Our Cedar Creek 5th wheel is our SHTF condo on wheels. Never selling! ...and renting out your RV is a very DUMB idea, unless you enjoy fixing your RV all the time....more than usual 😉

[@deborahfont8697]

Bought our 2nd used RV in 2019 before the plandemic started, always had hopes of traveling but never did. Now 3 yrs into this RV a divorce left it for me to pay for, a 32' class A, 2 full wall slides is too big for 1 person with 2 dogs. I think I got a really good price. I want to sell and get an 18' tt, I cant afford a house in this market and I dont mind living in an RV, Ive done it for 8 yrs and can do it some more. I will buy a truck much later.

[@easyescapesrv754]

Sir, I appreciate your honesty and what you are trying to do for the industry. Keep it up.

[@kimharris6649]

Faith over fear!! God is in control!🙏🙏🙏🙏❤

[@honnorjustice]

With fuel prices so high it’s tempting to not go raving, but we are in our retirement years and aren’t guaranteed tomorrow so we are going to enjoy no matter the cost. We’ve been frugal, crimped, and saved all our life it time to enjoy now. We just purchased a 2008 Bigfoot St32’ GMC duramax diesel 6.6 L. His heavy and big, but well made, and sought after. Bigfoot models tend to hold their value better if looked after. Ours is in great shape for its age.

[@wesleypage5642]

Very good advice. So many people jump into a purchase because of a low payment. They don’t realize how long it’s financed for. We are on our fourth camper in 25 years. When we buy, We make sure that we can pay it off early without penalty. We pay extra every month. However, you have to make sure when you pay extra each month, you have to ignore the monthly statement and continue to send payments. Our monthly statements are showing no money due each month because they want us to fulfill the contract and get all the interest. We do the same on our vehicles.

[@lisahertel2415]

Doubling up on payments was my plan until I ended up in an expensive private storage garage with electric. I must say, it’s a lot of piece of mind. No worries about damage, someone hitting it, or catalytic converter being stolen.

[@lesliemeadows3912]

I paid cash a year ago. And I would get just about what I paid, if i sold it, and not traded it in, I would be feeling good about the money I would get. I have 2 years manufacturers warranty, so still have a year. I would never finance an RV or anything else except a house. Car bought. Financing is the worst. If you can't afford the cash, don't buy it.

[@joes2771]

Good video, Allen! We ordered a new Class A diesel pusher in early 2020. Got a great price on it (30% below MSRP). Then Covid-19 hit, the stock market tanked, lockdowns occurred, and much 2nd guessing. We decided to stick with our buying decision and have not regretted it and made many unforgettable memories. Fast forward to 2021, prices went up 100K or more, RVs were selling in days. Again, we had many conversations about how we could sell for 50K more than our purchase price and walk away with 100K (We put 50K down). But, we just couldn’t bring ourselves to do it. We love our RV and love traveling and camping. The profit would all be “funny” money because it would be gone the minute we purchased another coach, if I could even bring myself to pay an inflated price on another one. Again, we decided to keep our RV and spent 3 weeks in Jan/Feb 2022 at Disney,s Fort Wilderness Resort and at Crystal River, FL marveling at the manatees. Making memories we probably wouldn’t have done had we sold our RV. Life is about making memories with the people you love. That, my friend, is priceless. Keep the wisdom flowing and have a great Summer.

[@Hugo-Hernandez]

I agree 💯, My Hispanic mom got mad at me when I bought my rv so I can travel with my family mind you I’m 34 years old lol. I told her it’s about making memories with my family because it’s prices less like you said.

[@granthill2980]

Enjoy it all you can NOW!!

[@mattc3169]

When times are tough the first thing to go is the luxury items like the RV and/or boat. Although I would agree that camping and RVing is great for the family, essential every day items are more important than camping. If you can afford to keep that RV then by all means please do so, but if this economy has affected your bottom line that much then you have to do what you have to do.

[@rickschwartz2447]

so glad I owe nothing on my year old travel trailer

[@mbormann6046]

Wait till the Repo's kick in. That is when the price collapses

[@danielawhitney6954]

Great advise! Thank you! We got our Travel Trailer in 2020 and LOVE it so much that a few weeks ago we were thinking to upgrade to a bigger RV, since it’s 4 of us. We decided to hold tight and wait and continue enjoying our little trailer, because we don’t want to deal with selling now that everyone else is trying to sell. Thank you for reinforcing our thoughts to wait to sell to upgrade. The memories is what counts, not the size of the RV 😊

[@jaygold4467]

This man above is well spoken, knowledgeable, and intelligent. He has years of experience and a lot of good wisdom. He speaks from years of knowledge and experience.

[@chugs1232]

I say keep bringing the used ones in so I can scoop one up for a good price down the road been waiting it out for almost two yrs now been tent camping the past 6yrs

[@javiergalvan7946]

You are spot on. I work in the industry and the banks are already busting back the book values and not giving full value. Things are defiantly changing. Nothing new under the sun. People bought rv's in 2000 at 12-14 % rates. You are spot on regarding fear as well. RVs are not financial investments. They are toys that are meant to create family memories.

[@granthill2980]

The cost to usage ratio is insane. Take all the money you have put into it and divide that into how many days you've used it! Also include all the labor you've put into it, gas, taxes, etc.

[@jjoutback]

I can't figure out how anyone in the last few years ever looked at the selling price of New RV's and thought, " Yes, this makes great sense to pay more for a glorified trailer than some houses cost. And I will finance the cost with a 10-20 year loan which is longer than the MTBF of any of the components from which the product is built." Point being, RVs are an emotional/spontaneous purchase. RVs will never make fiscal sense.

[@robertcollins7515]

2016, even with all the money I put down on a new 1. Camping world wanted me to take 30k loss.. to buy mine last year, 2021.no extended warranty. Your video spot on with fuel. I woke up this morning and saw gas 509.9..leaving today anyhow. Trip planned, and lot paid for. 190$last week just for 38 gallons. Can't even think of that. We are not working and sitting on the beach. Off to Busch Gardens. " Bad day at the Beach, Beats a good day at Work" lol!

[@grungestoryteller]

I wish youd say something about RV's that are paid for. You seem to be solely focused on your business and you selling RVs and maybe feeling guilty for the people that you sold RVs to. While you're giving some good advice to those who financed, that has nothing to do with the people who paid cash for their RVs like I did. $10,000 and then another couple thousand dollars for tabs and getting the roof sealed , and probably another thousand just on paint winterizing Etc. My dad pretty much wants me to give it away. Anyhow I think what would be more encouraging to tell people is the kind of stuff you were saying about camping- like say if you really want to go camping then here are some places in your area that you can camp ,or if you aren't aware of places all over the country maybe suggest some Facebook groups, which there are tons of that can give you tips. I like how you reminded people what are you going to do if you don't go camping sit at home? People are trying to deal with the worst recession in 40 years. Gas prices aren't the only thing. Food's going to be expensive regardless if you eat it at home or eat it in your RV. In fact, when I eat in my RV and when I drink water pretty much anything I use from toilet paper to food, I am very very frugal with. When you're at home you're way less frugal. So maybe getting family or friends to pull their resources together and use your RV and get use out of it? Find free camping areas or events in your state? Also it's a good time to get to know your RV or do repairs and get it ready for when you can afford to use it if you're not going to be able to sell it. Also outdoorsy like you said and all of those places are great but you don't always have to let people drive it if you have a house you can set it up on craigslist even or on Airbnb get a business license for $75 ( in King County Seattle WA. thats the price ) and rent it out for $100 or more a night - especially if you live in a nice neighborhood... it's a lot cheaper than any hotel in Seattle that's for sure. Think outside the box. Anyhow, didnt mean to be critical, just seems like people think that the only people that own a paid for RV for are homeless. I would be doing the van Life/ RV life thing and be on the road if I could afford it and hopefully I'll still be able to do that, but it has nothing to do with the recession. It has to do with the guy that sold it to me not being honest. My brakes went out 10 days after I got it. And shady mechanics which I've had to deal with one after the next. Have a nice summer and I like your shirt btw 😊

[@jrberg327]

We bought a 2008 Freedom Express 24 foot class c motorhome built on the Chevy workhorse chassis. The motorhome had 26,000 miles on it. It recently hit 30,000 miles. We thought about selling it but like most I feel there are other reasons to hold on to it. My main reason is the state of the country right now. If we start to see rolling blackouts or electrical outages it may be cheaper to sleep in the RV to stay cool or warm in the driveway than it would cost to run a whole home generator. I have thought of converting the RV to solar as this would not cost a ton of money. Again just as a back up in case you lose power to your home for periods of time. There are a few other reasons for keeping it but right now my main concern is a very uncertain future right now. We paid cash for it when we bought it so no payments. I’m wondering how many other owners out there feel this same way.

[@pattyharris1962]

I definitely feel you. I lived in my 23 footer for 1 year and I was comfortable. My granddaughters loved staying with me and acting like it was their little house. Everything is in tip top shape and she will go on for a long time. I plan on using her even more this summer ☀️. Good luck to everyone no matter what decision you make.

[@granthill2980]

Am thinking of buying a small one for the backyard for someone to live in after the SHTF. I will wait til next year when there are millions of them for sale at rock bottom prices.

[@michellejohnson9741]

Thank you for the Great advice and you are correct like you said Memories are Priceless!! Regret so costly.

[@molivil]

The reason I went fulltiming was because I couldn't afford the rents. I can now, and I'm loving it.

[@jonathanabramson]

Sorry but I'm thinking of waiting a few more months and then buy an RV I can use for weekend camping. I expected by the end of the 2022 summer camping seasons for used RVs to flood the market and for those who don't already own, it will be a better time to get in one than even before Covid. Someone else's loss can be my gain. Not like they completely lost because they did get a year or 2 use out of it.

[@jmb-cm7mr]

I would be leery of buying any used RVs that were made during Covid there are alot of people getting rid of those RVs due to many problems and breakdowns from lousy workmanship.

[@jeffdude6088]

Our aunt has a nice camper she was going to sell, but we talked her out of it. It sits under a nice big carport and you never know when a relative may need a home.

[@granthill2980]

Good idea!

[@nomorebsforme]

The trendis passing, the buyers went upside down while being suckerd into a bad deal..RVs ARE depreciating assets always ill be as they deteriorate. The world hasnt really changed, the GREEDY opportunists have passed the window and left people hanging in the lurches just like the mortgage crisis in 2008.

[@CurtisDrew1]

Still driving my 1989 Fleetwood Limited and remodeling it as I go. Got way too much enjoyment out of it over the decades to get rid of it. And forget replacing it. It's just how I like it now. Put some serious upgrades in it so it will keep up and in some cases leave behind the new ones on the road. And get better milage doing it too! But hey, I'm a car guy, so it has been part of my hobby since I bought it cheap in 1995.

[@curtishanson2456]

This video is too self-serving. A dealer who sells RVs doesn't like the fact that lower RV prices are likely hurting his business. Conflict of interest? We are about to enter a long term deep recession...maybe depression. If you can't afford to keep your RV, sell it now and do it quickly. If we enter a deep recession or worse, you will lose much more when you have to sell. It's time to lower your debt, store up cash and prepare for tough times. Unless you are living in your RV, or don't have any ongoing expenses to own your RV, keep it. Otherwise, get out while you can.

[@levonhopkins4325]

If my purchase later goes upside down on my house, car, camper etc….so what? With the info I had, I made a decision and I’m happy because the market does not change my view, especially long term view because in 30 years who cares, I enjoyed that period of my life, I took advantage of the bank’s trust in my judgement and thru it all, their money allowed those things I wanted in life. I buy stuff to “keep.” Levon. PS: wait long enough wide ties come back in style!

[@sheilarogers3448]

Sincerely miss my Rv. We had to sell it years ago when hubby had cancer. He is healthy now and we are retired so can not afford to buy an RV now. But now we would dearly love to be able to go visit grand kids and take them RVing

[@ballroomboy]

Actually, if you really want to sell, it’s better to sell now than in 6 months. It’s going to get worse. Good thing I’m looking for an RV. I’m waiting for winter.

[@heyjude6335]

So glad we purchased a gently used RV. It was very tempting to fall into the " gotta haves"

[@80spyder1]

My wife and I have a travel trailer with a floor plan that doesn’t meet our needs anymore. It’s a bunk house and we are empty nesters now, the bunks are now just a place to put luggage or whatever. But it’s paid for and extremely well kept so we’re hanging on to it for now. We couldn’t trade even if the market was favorable because we are old enough that our next camper could be our last and we are still determining our wants and needs. But for now, camp with what we have because when you’re sitting around enjoying nature it doesn’t completely matter what’s hooked to the truck.

[@jmb-cm7mr]

I have a 1969 Travel Trailer that was given to me for free i fixed it up the way my Husband and i wanted it for our needs i currently have a total of $3,500 into it. The new RVs are not made very good. During Covid the demand was so high that i think they cut corners when making them i know so many people that bought campers during this time and have had nothing but complaints about things breaking.

[@davidhoward6568]

Love the shirt Allen! I want one! I see tough times are coming, there are crack beginning in the nu housing market where many have overpaid as much as 6 figures. Panic planning is how the wolves get fat...move deliberately and with a clear head. Great advise Allen. Thank You

[@DesertAdventuresinArizona]

I’m sure glad I bought my RV back in 2018. I stil have it and it’s paid off. 😥

[@iseetheglory4593]

It's called greed powers to be the makers of RVs the sellers of RVs greed just like pretty much everything else

[@brucepeterson2932]

Good words, I appreciate your thoughts and happen to agree with it all! We’ve been 5th Wheeling for 7 years now, on our 3 trailer, have two sons and families who joined us in 2018! Lots of fun and wonderful memories and plan on making more!! Shorter trips distance wise but will keep on camping. Thanks again, Bruce P😀

[@petedonahue2221]

Thanks Alan. Good info! The way things are going with high fuel, camping fees there will be a lot of used RV's

[@carlrosenbaum3754]

i don't own a RV but great wisdom you gave awesome video.

[@RC-hm9vg]

I see my 5th wheel as my bug out option!!! If things get so bad that my house is no longer safe, we will leave and go where we currently keep out trailer. Like we have done, see if you can find a place other than a storage lot to keep your RV. That way you can use it more often and have a place to “retreat” to!

[@jodyg5648]

Have been doing this for 10 yrs and rving for over 20 it is the way to go. Bought property, have good neighbors to keep an eye on things when I’m not there. Need security these days !

[@pouglwaw5932]

Excellent advice ! A stocked, ready-to-roll RV means freedom and peace of mind, even when your home is not being threatened.

[@fredricunderhill204]

I have worked in restructured loans all my life.

[@jamiereid40]

This way I only will be buying tents and renting motel, hotel, homes not buying an rv I will get a vehicle that can get many places

[@tomweaver7723]

I’m ready to set mine on fire. Worst thing i ever did. Good luck selling it

[@Joedisney]

Not about being scared. I was going to buy an rv, with these gas prices no way is that going to happen. What's the point unless you can live in it makes no sense at this time

[@richardnolan4763]

I bought a new 19 foot travel trailer in 2000 for $12,000 in cash. I lived in it onsite for 18 months while I built my home on 11+ acres which I owned outright (got it almost cheap because it was in the boonies) next to BLM land and within eyesight of the Sierras. I owe nothing on my F250 and home. My travel trailer has been across the USA several times including to Key West. I've casually looked at new travel trailers the same size and a bit larger...and they look like corners are now being cut (cheaper) by comparison. My travel trailer has a larger fridge/freezer. It's stove has 3 burners instead of just 2, plus mine has an oven which I use..the new ones I've seen don't have ovens. Mine has more windows. It has dual axles and a larger A/C unit which I rarely use. Mine has dual propane tank hookups and dual battery hookups which few new travel trailers provide (just room for single battery & propane hookups)....and I routinely fully use the extra juice/propane in the "outback" along with a small relatively quiet generator to keep the batteries charged. Mine has a crank-up/retractable TV antenna with a RF amplifier....that I hookup to watch a small digital TV when I'm near enough to big cities to receive their TV station's free OTA broadcasts. My travel trailer did have a very cheap AM/FM stereo radio with cheap ceiling speakers which I replaced with a Pioneer AM/FM/CD player and high end Pioneer automobile stereo speakers. The new travel trailers I've seen have built-in microwaves which are fine if one has hookups available. Thing is I often camp in mostly remote USFS, BLM and state/county parks that don't have hook ups...so in order to use a microwave I'd need to have a large, heavy powerful relatively noisy generator. I've "camped" in RV campgrounds with full hookups and didn't much like it...many have campsites that are essentially cheek to cheek....it saves them infrastructure costs plus they can stuff a lotta RV's into small spaces, for more profit which is OK but I don't consider that camping or getting away from the urban/suburban environment....it's just paying for essentially a fancy "parking lot" experience that may have WiFi and a pool. Bottom Line is think hard what you'll use your RV for, pay cash and then use the thing. I know my travel trailer has paid for itself and much more....even after 22 years it's a keeper.

[@cliffshenkel7350]

Please make more than the minimum payment… A $100 extra per month would cut years off the loan.

[@sharonsteele8915]

I had my trailer financed and instead of making the minimum payment I paid 15,000 to bring the balance down. Hope to have it paid off within 6 months instead of the 9 years they want me to pay on it..

[@oldcharlie8564]

I sold both my rv,s made 159,000 dollars

[@markmccarty9793]

I'm 62, been camping since I was a kid. The latest generation of campers have no idea of what they were getting into! They swamped campgrounds, disturbed other campers, and basically ruined the camping experience for their neighbors! Let them go!! These people should go to the theme park campgrounds!

[@fireflymary9269]

Ha. They told the Ukraines not to be afraid too. Look at them now

[@h5mind373]

I love this advice, and I don't even own an RV!

[@livingthedream1979]

I got into rving in 2019,my rv 295rl was built in june of 2019 labeled a 2020 and i bought it sept of 2019 paid 46,900 for it. I feel lucky to have it the way this world is headed these days you never know when you might need to load up and head out, selling it hasn't even crossed my mind.

[@pouglwaw5932]

I agree. I recommend keeping the RV almost totally stocked up and ready to go. Extra fuel in cans too. You'll sleep easier than most these days.

[@landahoy5217]

Thanks Allan great info and advice. We decided to sell but for different reasons. Both of us turn 75 this summer and the last ten years have been so much fun but time to start the next chapter. We have a 2014 Tiffin Allegro 36LA. Question: where is a good place to sell an RV besides a dealership or consignment? Thanks!

[@idaho_7407]

RVing is our wonderful time away, it’s healthy and needed. ….. for those that must sell, please do an informative video on how to sell and also the perils of consignment on a down market. Most the time moving it out quickly beats a consignment on a down market.

[@greg1474]

Your RV is a rolling junk wagon. It depreciates faster than 2 week old milk. It’s held together with staples. It was assembled by meth heads. If you can, SELL IT.

[@SquidwardYouTube]

yup thats the best advice

[@iliap1217]

This is exact dilemma we had. And you nailed it. We won't get our money back. So we keep using it, use your investment is one way to get your money's worth.

[@Joedisney]

Enjoy it , it's going to be worthless tonight 5 years anyway so you might as well enjoy

[@iliap1217]

@@Joedisney not sure what you mean. Value does not disappear, were talking about the 10-20% people overpay when demand is high. I was talking of erasing that paid premium by using the RV. Look at RV rental prices, they are double this year.

[@TheMinnow101]

Maybe some creative banker can figure out a way existing RV loans can be rolled over into an educational loan. Then wait for Brandon to sign an executive order abolishing your debts.

[@stanlojewski6761]

I think you're absolutely spot on, with everything you said. We may not have a camping trip this year because a few unfortunate times this and costs but our 2019 tt ain't going anywhere (without us. Lol).

[@tomhall7250]

Ya well they’ll be giving them away….

[@Tom67X]

We don't much teach practical, classic wisdom anymore do we? Caveat emptor...for one. Blame anyone/everyone else...that's the deal today. The worse things get, I'm happy to say I'm LESS likely to think about selling!

[@waynec2962]

Lol the covid gouge is going to benefit me when it's time for me to get back into RVing! why? Because once the new RV'S are back on track and start flooding the market again those used will dramatically drop and then I will be there to snap up a nice RV for real cheap 😆

[@doodles2814]

What’s happening to the RV market now seems eerily similar to the housing market in 2008 when so many homeowners were upside down on their mortgages, causing many to walk away and let the bank foreclose on the property. I’m planning on purchasing an RV and am waiting for the bottom to drop to get the best deal for me that I can. Of course it also depends on how badly this administration screws everything up!

[@larryhudson3930]

While waiting, missing out on fun times.

[@rocksez5101]

If you want to understand economics, understand the federal reserve. The feds actions are key to your economic health.

[@mynameisfrank6519]

Same with homes again

[@chugs1232]

I am waiting as well but for the fun times use a tent been doing it the past 6yrs although I will say it's a big pain in the you know what!! Especially my tent weight is 90ibs I have the cabelas big hornIII love it but time to move on from It

[@doodles2814]

@@larryhudson3930 Not really, my home's location is an RVer's dream. Just want to be able to travel in comfort and more interested in boon docking than RV parks.

[@rotart12arx3]

We sold our class C when the market was hot and only lost five hundred after 3 years of owning it. We bought a large popup at the end of the season for way under book, just before the owners was ready to give up and winterize it. 7 miles per gallon could be expensive now. We will see how dropping to to a pop-up works out. It could be a one-time use, at least our Maverick will not kill us to much towing. I am hoping for 12 to 15 mpg with hilly New England.

[@auroranite]

I’m waiting for late August when the RV I want will probably be listed because the owner will want out from payments. Too much inflation for our daily necessities is driving this, as well as upside down politics. Its gonna happen, but hear ya.

[@scottelwood8746]

Once again this is a toy. if you didn’t pay cash in full at the time of pick up it needed to be left at the dealership . Thanks

[@davidwelty9763]

Other people’s fear can work in your favor if you are ready to buy. I’m thinking another 6 months will be the time.

[@helendegenerot7867]

What a tuned in lovely guy you are! And so true about the 'nassistic rule' feeding off our fear..and taa heaps for all you heart felt info👍🏻..i opted for a camper jst on a year ago, but lately it has become a bit of a crazy maze trying to find where to be allowed to park at night, bit stressful, especially if the mojo is low..im in nz, lots of over top rules for campers?..plus, the recent over top campground prices🙈if u pref the conveniences n 'saftey', 🤯mostly frm officials!..but in a way, even if a bit hard on the nerves, its still is an adventure😃, way better than on couch watching the frikn news which is mostly is neg rubbish anyway..if u can put thoz hard parts of camper life into that adventure basket, then jst to be out in the nature, maybe even cookn food outside, and watching the sun go down n the stars come out everday, and, if lucky going to sleep with the sound of waves rolling in only a few metres away, is pricless!..plus the other camper folk connections along the way...this man write! Dont give up..unless u dont get a buzz frm being 1st hand with nature😇

[@michaelprue9024]

You just described us. Bought our first (used) RV 2 years ago. Knew from jump street we were upside down. Bought it from Camping World/Good Sam. It’s an older model, not worth what we bought it for, but like I said, I knew that. Here’s where we differ from your video; We aren’t looking to sell. We want to keep that old camper. My wife loves that thing. I see her put more effort into that camper than I see her put into our house. So I take care of it. Just put new tires on. All new brake assemblies, chased the wires down, reconnected them and now all brakes work. Replaced bearings and races, and installed bearing buddies for a little added protection. Next month I’m going to reseal the roof, BEFORE it developes a leak. I am a journeyman diesel mechanic by trade so there’s a lot of stuff I can do for ourself without having to fork over a ton of cash for repairs. But I did find a lot of value in this video.

[@DrunkenRhinoceros]

Dealers will likely offer to consign your RV and agree upon a price. Be aware that you will likely get a call that they have a buyer on the hook but will only buy it for 10-20k less than your price. They will pressure your emotional distress, all the while having sold the unit at the full price. They expect you to come in and sign a new agreement for a lower value, thus increasing their profit. It's not uncommon and makes some dealers liable for fraud.

[@onefreelife]

Don't consign with a dealer! We did that quite a few years ago. We got the call that they could sell it for a lot less. We live at an RV resort, and saw our RV here. We talked to the people who told us they paid the higher price. The dealer robbed us. Be careful. If a dealer is talking, they are lying usually

[@argtv1007]

hopefully one day you'll come to realize that america is built on a foundation of fraud