We are asking for just enough to pay off the loans on the rig. As we pay it down we will lower the price. While we could probably get more for the rig than we are asking, our intent is to sell the rig sooner rather than later.
Our asking price of $71,000 is less than half the original purchase price of the total rig (see below), and is about $18,000 below the guestimated depreciated value of the rig.
For the purpose financing, the breakdown of the asking price is:
We would consider selling the trailer by itself. We would not consider selling the truck alone so long as we have the trailer.
Total depreciated value of the rig as a whole is about $88,000 (see below for calculations).
According to rating materials from the RV Consumer Group, the value of this make and model of fifth wheel has depreciated by 21% when it is four years old. That puts the value of the trailer at $75,485.
There have been several improvements that are not reflected in the price or value of the trailer (i.e., are "free"). Add-ons include slide toppers, rear receiver hitch, spare tire carrier, additional cabinetry, and a TV antenna. Some original equipment was replaced with better versions: a more powerful water pump; heavier duty electric dump valves with indicator lights; refrigerator ventilator kit to improve cooling in hot climates; new ball-valve style toilet; locks on file cabinets; and so on. Most upgrades were done by the manufacturer, New Horizons, at their factory.
Standard business practices would depreciate the truck over a five year period. The truck is almost four years old, for a depreciated value of $12,705.
The market value would probably be a minimum of $10,000 higher, but market value seems a bit more arbitrary and difficult to determine. Essentially, the market value is whatever someone will eventually pay for such a vehicle.
In searching the web for used 2004 F550 RV haulers I found prices ranging from a low of $22,000 to a high of $36,000. Since we are selling primarily to get rid of debt/payments in a timely fashion, rather than to make a profit, we will stick with the lower standard depreciation pricing.
Standard business practices would depreciate the electronics over a five year period. The electronics are, for the most part, less than a year old (with upgrades, new equipment), for a depreciated value of $6,400.