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Wholesale
Is the loan value on a Liberty the same as wholesale I can get the loan value easy and the retail price but cannot find a true wholesale price on a 2008, the retail price is all over the map from sellers and dealers fwiwthanks
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30 Replies
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I would be surprised if anyone on the planet knew what the retail, wholesale and loan value is for any Prevost.
Nobody really has a clue and the real price of any coach seems to be what someone will pay.
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Jon as always has this one defined. If anyone knows of anything other than Jon’s input, please post here. The only thing I can see (and learn from this site) is educate as much as you can prior to purchase, get as much knowledgeable outside imput/support as you can and purchase the coach you like when you are ready.
make sure you are ready to be able to use it prior to purchase, sitting coaches are not a good idea.
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My grandson of John Deere Credit sent me a loan value cd of of all the converters he said it should be close to wholesale price with in 10% +or – and he said that would vary between lenders but thanks anyway I am going to use loan value I guess -
We need more information…. I have never heard of any Converter book values, has anyone else?
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At one time Jeff Raymond attempted to put together a price list. I believe he used the asking prices on all the ads for Prevost Coaches for sale as a starting point. I don’t believe he listed more than retail asking prices such as wholesale or loan value.
He did show (as best I can recall) price premiums for various factors such as converter, H vs XL, and engine. This list he prepared was at a time when there were a considerable number of choices ranging from 40 foot or 45 foot coaches, slides or no slides, 8V92 or Series 60. He never kept up the list that I am aware of.
If John Deere has a list I would be very interested in knowing who created it and how they get their information. Over the years I have learned the price for a coach is what someone will pay and what someone will accept. And neither the buyer or seller of a coach is going to necessarily reveal the truth. No buyer is willing to admit they paid a higher price and no seller is willing to admit they got paid less than whatever the market senses is the real value.
Further frustrating anyone’s efforts to develop a listing of coach values is the fact that there just are not enough sales from which there is accurate reporting to develop reliable information. There is no way (even if the information was available) for a list of values to reflect coach condition or sales from various sources. A converter is typically going to garner the highest price for a coach, a private seller a lower price, but with so few sales how can a price listing differentiate between a near perfect coach sold by the converter compared to a private sale of a coach that needs work?
Anyone that wants to see the problem with developing accurate values just needs to pick any given model year, type of chassis, converter, length, number of slides, etc. and go to every site on the internet to try to get a sense of what that particular coach might sell for. The problem will be there is likely to be such a small number of coaches listed meeting the description, and the prices could have as much as a $100,000 swing that nobody can say with confidence what a retail or wholesale price will be.
Right now the number of motor home conversions made this year is likely going to be around 50 coaches. I’ll bet nobody is reporting the sale prices to anyone. Not the buyer or the seller. Those of us that have bought or sold coaches regardless of new or used have likely never reported purchase or sales prices to anyone. So how accurate can any list be? I would guess the loan value is like the selling price. It is what anyone is willing to lend. And we all know how bills of sale that reflect trade ins are juggled to make the numbers come out so it shows a buyer has a lot of skin in the game so a lender can be convinced the buyer is not upside down from the beginning. Smoke and mirrors.
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They get from somewhere I just picked this up from the sheet 2006 is far back as they go for lending a 2006 double slide low miles average selling price $451,000 to $470,000 lending $288,000 to $302,000 from Deere with 700+ credit score and they inspect the coach.I can tell what they will lend on a new Prevost or Newell it’s no where close to the list price and all on a recourse contract JD does not want to try and sell RV’s anymore let the dealer worry with it. Any way I am going to offer the lending value for the 2008 if they accept ok if not it’s still ok a man has to make a few bucks off one when reselling IMO
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Hi Luvrbus,
This is good stuff; show us more. Many of us recently purchased buses. Maybe we can give a nod or two to the values on your sheet based on our recent transactions. There’s no need for folks to disclose actual numbers, unless they’re so inclined. It may be possible to offer simple ballpark remarks to help bracket the prices and sort of zero in. According to your sheet thus far it looks like wholesale garners about a 35% discount.
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Interesting thread, and quite relevant to my current situation.
I am actively shopping, and I am having a hard time determining whether a stated price for a bus is reasonable. I have accepted the fact that I am just going to have to make an offer as to what I think a particular bus is worth, which in most cases is significantly less than the asking price. Based on the information I have been able to obtain, I think the prices for non slide coaches have weakened, and non slide coaches generally are on the market longer. I think the difference in pricing is attributable to factors beyond the difference in values between a slide vs. non slide coach. I am trying to buy with due consideration of having to sell in the future, and I think the prices on non slide coaches are only going to go down.
On another point: I learned that only Bank of America and Suntrust are loaning on used conversions. Is this information for John Deere current?
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John Deere will lend to past customers with no problem they are trying to get out of RV lending they took a blood bath when the bottom fell out they had some with 20 year loans if they do lend it is 5,7 or 10 years now no more -
I like slides myself John Deere values those at 10 to 20,000 each fwiw,I would stay away from the 2001 and 2002 Prevost slides myself they can be a real pain and Prevost is out of this world on the price of slide seals the bus I am looking at needs new seals 5 grand for seals from Prevost I made him repeat the price 4 times lol
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I sold my 1997 coach with non slide it was not on the market for one hour and it was gone Tom sold his no slide in hours of hitting the market . Then I bought a 2003 liberty non slide and Tom bought 2002 Marathon non slide they do sell and are being bought, When I sold mine I was firm on the price and did not move because it was in great shape .
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The market seems a little bit stronger now that it was 2 years ago about the time I get to thinking it’s time to buy and sell someone will drop their price 50 grand to unload one it really chaps you
If I was buying for my use and not resell it probably would be a non slide the public is into slides for what ever reason,they are nice if that is what you prefer
1999 XLV X-6872, liberty #440 -
Double K,
I disagree on the non-slide values heading south, I suggest for that segment of the market, they are holding up very well and they sure aren’t making anymore. Ditto Peter’s remarks.
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Luvrbus…..can you reveal if the “sheet” that lists the retail and loan value for 2006 coaches goes beyond the qualifier “low miles”?
Anyone that has ever bought or sold coaches knows there are so many factors that influence coach prices it is within the realm of possibility for the exact same coach to sell for $50,000 more or less than an average price just based on some of the following factors: Converter, sale through the same converter, sale through a dealer, sale through a private party, existence of service records, a strong service history with full logs or documentation, age of tires, batteries, etc.
In addition a 2006 XLII can have skin repairs or loose skins. The converter can be respected and still a strong supporter of their conversions, or the converter can be a little known or failed converter. When all factors are considered one 2006 coach with detailed records manufactured and supported by the major converters in the market today will sell by that converter for a couple of hundred thousand more than an “orphan” that lacks documentation and has no record of service with old tires and batteries sold by a private individual who will offer no after sale support.
Today’s market is clearly stronger than it was 12 to 18 months ago and it makes me wonder whoever is generating your lists of prices if they are updating the information on a regular basis. I’m getting a sense that prices in the vintage you list have been holding fairly well and while depreciation will never go away it has been slowed significantly. The same holds true for the 2008 vintage coaches since the 2005 through 2010 values seem strong due to limited availability due to the economic downturn at that time.
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Jon, what you say is the truth but the problem I run into is the owners were losing the coach and for the last 2 years most of the time there are no records.The lenders and dealers I speak with most all argree that 10 to 12 thousand mile per year is a low mileage average unit.
I know where a 2006 Liberty is for sale it has 2 slides with 615,000 miles with a new Allison the owner has had it for sale for a year now and cannot sell it because of the mileage and it has all the service records since new,with those kinda miles I would not buy it and he has a damn good price I do hand to Liberty they try their best to keep prices up but others don’t quick cash is what most are after IMO
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