Non Slide Newell VS Non Slide Prevost Values...what the heck is going on????? - Luxury Coach Lifestyles
Reply
 
Thread Tools Display Modes
 
Old 05-24-2013, 04:14 AM   #1
Dave-n-Marjorie
Senior Member
 
Dave-n-Marjorie's Avatar
 
Join Date: Oct 2012
Location: Hilton Head Island SC
Posts: 102
Default Non Slide Newell VS Non Slide Prevost Values...what the heck is going on?????

Ok guys and gals, I am in a quandry and cant wait to hear all the feedback. Marjorie and I own a 96 non slide bath and a half raised roof Series 60 with 65k miles. If you check out our prior posts, we have fully updated the coach putting more than $20k+ in it with no major issues. We purchased from original owner. You would not believe how many people talk about our coach and want us to give them a tour of it at the RV Resort we own a lot (Hilton Head Island Motorcoach Resort).

So today a 95 marathon xl Prevost comes in to rent for a few weeks and I end up chatting with the owner. He wanted to check out our coach so we give him the usual tour. HE IS AMAZED!! After that, he didnt want to even show us his Prevost but eventually did. His Prevost was not touched in 17 years and had lots of pinks, blues, tube tv's ect...but it was nice for sure.

So then we start talking values.........He bragged about only paying $100k for it.....Shopped for over a year all over.....he lost a few on ebay, but four of the ones that sold cheap on ebay he went to visit and said they were junk. Was on www.philcooper.com daily. He even stayed at Pelican Lake for a week in Naples Prevost hunting. He wanted a non Royale, something under 100k miles, and one or two owners, and wanted all books, ect....and basically something not trashed but taken care of. He wanted a Series 60 but knew he couldnt find one under $100k in the shape he wanted.

So now my quandry.........Why the heck are Newells priced so low??? I have read lots of posts on here where a few members think a non slide Newell with a Series 60 is worth between $60 - $80k. It doesnt make any sense unless I am missing something. In my opinion, a Newell should be worth waaaay MORE than a cookie cutter Prevost conversion. It is VERY hard to find Newells, and usually there are less than 3 non slide series 60's out there at any given time. Side by side comparison Newell would win in many catagories. Heck, this Prevost guy today wanted a bath and a half, but knew to get one in a Prevost with no slides would cost him OVER $200k.

Yes....there are Newell "deals" out there. Someone dumping one trading it in for an upgrade, bank repo, or just someone desperate that needs the cash. But for every Newell "deal" there are dozens of Prevost deals. Newell owners are such a close family, we should be the first ones to know price should equal quality and vice versa!

After my Newell tour and talk with this Prevost owner, I asked him if he would have bought mine for $100k. His eyes opened wide and said, heck yes!!! He would put his on ebay tomorrow and give me a deposit. Now, there is no way I am selling, as he wants what I have, but I have what I want. Then he looked at me, and said....$100k really???? what is the matter with it??????

And then it hit me.....I hear Prevost owners are waaaaay tigher than Newell owners. They hold their pricing. They talk about holding it on boards and at rallys. They know what they have and command their price....and they get it.... Most rvers really dont know what a Newell is...and when they see a 45' bus, series 60 for $60 or $70k.....they say....omg whats the matter with it???????

I truely believe we need to acknowledge and adopt and brag about TRUE Newell pricing across the board....classics, 6v's 8Vs, series 60s, slides, ect.... The values, not the "deals". These things are top two of all rvs, RAREST top RV, and most of all, hand built SOLID to last forever!

People dont hesitate to drop $100k for a non slide Prevost, $225k for a double slide Prevost....why wont they for Newells???????????

Lets change this attitude together!!!!
__________________

__________________
Dave-n-Marjorie
1996 Newell #423
47' Bath and a Half
Hilton Head Island, SC
Dave-n-Marjorie is offline   Reply With Quote
Old 05-24-2013, 04:24 AM   #2
ccjohnson
Senior Member
 
ccjohnson's Avatar
 
Join Date: Jan 2012
Location: Southwest NM
Posts: 346
Default

Works for us!
__________________

__________________
Clint C. Johnson / Fran Balm
Coach 289 '92 42'6" 8V92 Hybrid
Several Toads:
XL-7
F-350 4X4 Crewcab
F-250 4X4 Crewcab
ccjohnson is offline   Reply With Quote
Old 05-24-2013, 06:04 AM   #3
Neweller
Senior Member
 
Neweller's Avatar
 
Join Date: Jan 2003
Location: Heartland
Posts: 3,563
Default

Dave, I agree with most of up you are saying and have scratched my head and pondered the same idea for about 10 years now, nothing has really changed. The market on comparable coaches of like age and condition have been around the same the whole time I have been associated with Newell's.

What seems to hurt them the most is that there has never been a "Book Value" available and you have to rely on appraisals or the factory to establish a value. The factory does not offer much toward the value of a 10 year or older coach so that is when they really start to dive in price. If you called and asked the factory what a your coach was worth you might be surprised. Now I have never personally asked the factory what an older coach is worth, but have spoken to a half dozen owners, ex-owners and finance companies who have asked for reference and they have all surprised me a little with the perceived values they had been told. I won't quote values but only say call and ask what they would give or think your coach is worth.

The valuation process also hurts the possibility for financing and so most owners of 10 year old coaches usually pay cash or get an equity loan, which in today's lending arena those types of loans are much tougher to obtain.

I myself am somewhat guilty of quoting such values, but only do to what I've learned studying the sales of coaches year after year. I would love to see the prices stabilize or even increase so most owners retain a much fairer realistic true value across the board. I believe what you are saying is obtainable. Maybe what hurts it some is that some buyers are hoping and waiting to nail a great deal and by holding out for a deal, sales become more slower which from a marketing standpoint creates lower values.

I too have been so confused as to why Prevost retain such a high value. I do know that they sell themselves on the fact that they are a bus and can obtain a life use of well over 2 million miles, but then Newell is built from the ground up to be a luxury coach bar none and end of story......

Why do celebrities mostly purchase Prevost conversions and rarely Newell's. I'm sure if they were made aware, that would change as most don't read MH magazine which is where Newell seems to do a large percentage of advertising.

Something else I would attribute to the great success and high values of Prevosts, is the fact that there are so many premium convertors out there marketing, building and catering to the "rich and famous" much more than one sole company such as Newell can muster. Another thing that I have spoken to many about is the image of the Newell factory compared to some of the Prevost converters, have you seen or been to any of these companies. Talk about the accessorized bling in the showrooms, lounges and so forth, it's quite the flash going on and that attracts the money.

It's getting late and I will quit blabbing for now and ponder your question a little further and think about how we can help one another improve our coach bottom lines as well.

Thanks for your wonderful thoughts and serious concern. I believe you are onto something here and we should probably get our heads into the game a bit more as many owners have already gotten a ton of skin in it already.
__________________
Ken
Previous Owner of 3 Newell's
Wanted: Newell Coach Needing Engine Replacement!
If you want to sell, PM or Private Message me. Thanks!


"I know Iím not perfect, and I don't live to be. But before you start pointing fingers, make sure your hands are clean."
-Bob Marley
Neweller is offline   Reply With Quote
Old 05-24-2013, 11:57 AM   #4
folivier
Senior Member
 
folivier's Avatar
 
Join Date: Sep 2008
Location: Thibodaux, LA
Posts: 1,221
Default

Like most of us when people ask about our Newell they think we paid at least twice what we did. The few times I tell someone what we paid they are astounded.
That said, and the fact that we have the Newell that we want, I wish the price would shoot up!
A lot of people can't get over the fact that a used Newell costs less than a new S&B.
Hopefully we are just at the bottom and prices may start going up again. Talk to someone who bought 4 years ago.
__________________
Forest & Cindy Olivier
1998 Newell 45' 2 slide #486
2004 Chevy Silverado Z71
2013 RZR 570LE

"You don't have a soul. You are a soul, you have a body." C.S.Lewis


http://www.LuxuryCoachLifestyle.com/...php?albumid=14
folivier is offline   Reply With Quote
Old 05-24-2013, 02:40 PM   #5
Twins
Member
 
Twins's Avatar
 
Join Date: Sep 2011
Posts: 82
Default

Heck I wish the pricing would come down lower so that I can afford a newer Newell. The goal should be to find a deal that you can use for a couple years and then sell it for the same or more then what you paid. Nothing wrong with that!
__________________
1977 Newell Classic
Twins is offline   Reply With Quote
Old 05-24-2013, 03:14 PM   #6
STUNNING COACH
New Member
 
Join Date: Apr 2011
Posts: 8
Default

The DW and I ask ourselves the same question time and time again. We have given up on the as to why a Prevost Conversion ill-equipped will fetch a higher dollar than a much nicer Newell Coach. We looked at dozens of Prevosts thinking that was what we wanted and then by chance came along a Newell. I think the answer is awareness.
STUNNING COACH is offline   Reply With Quote
Old 05-24-2013, 03:47 PM   #7
Dave-n-Marjorie
Senior Member
 
Dave-n-Marjorie's Avatar
 
Join Date: Oct 2012
Location: Hilton Head Island SC
Posts: 102
Default

Ken, you have a point about black book wholesale values. I think its actually a good thing Newells are not in them. Working for dealers and having access to the nationwide dealer nada connect system and going to manheim RV auctions, it is amazing how most of the general public have no clue what a dealer is really giving them if they trade in any RV. A perfect example is a 2004 Newmar Essex. 45', 500 hp, quad slide, high end coach. The real value on RV is not the connect book price but 70-80% of that price. Less than 50k miles, good tires, a dealer would think long and hard to give $100,000 in real money. Ive seen nice ones with less miles and one year old tires go for in the $80s at the auctions, they wash it and sell it for $150k plus who knows how much they will make on a trade.

Not just picking on Newmars as I feel they are a great coach. 45' Quad slide Monaco Signatures with detroit diesel series 60 engines go for about $100k but have to be in pristine condition. Those are high line 45' 500hp 4 slide fiberglass RVs and it only goes down from there!!!

With a Newell, we are so exclusive, so limited, WE should set the market price. What is happening right now, is that some are so desperate to sell, it is creating a price war. That makes no sense when there are only a few in the entire nation!!! If they are desperate, they should say "short sale" or "by before bank gets it", something like that.

When you look at a true buyer, there are bus people and everyone else. I myself could have chosen from dozens of 45' 500hp quad slide fiberglass rvs, or a non slide bus. Remember we are full timers 365 days a year in this thing!!! I chose a Newell non slide!!! Im a bus guy. That is our market. Bus people. Price will not convert them. Stick to your price, hold your ground, heck some need to raise their price on Newells. When a bus person sees something they want, they will pay. They have the money. A small investment to update and upgrade will pay off big time on your Newells value. Prevost owners dont have to upgrade to get top dollar, why?

Dealers who wouldnt hesitate to put my coach on their lot and ask $130k for it. They would get it too. They would cater to a bus person, educate them, and most of all, say there are only a few of these in the USA, if you wait, someone else will snap it up!

Hopefully this makes sense to current Newell owners who are selling. Your coach is one of the best ever made and RARE. You deserve top dollar!!!!
__________________
Dave-n-Marjorie
1996 Newell #423
47' Bath and a Half
Hilton Head Island, SC
Dave-n-Marjorie is offline   Reply With Quote
Old 05-24-2013, 06:37 PM   #8
Newellin Thunder
Senior Member
 
Newellin Thunder's Avatar
 
Join Date: Aug 2012
Posts: 130
Default

I have to agree that Newell's are under valued. Great for the consumer bad for seller which means it's all about the buy. I know of a 1998 double slide in great condition ready for fulltiming and the seller will take 90K. I was thinking about buying it myself just to resale.
__________________
Ernest Jenkins

2005 Newell Thunder
Shakin the open road!
Newellin Thunder is offline   Reply With Quote
Old 05-25-2013, 02:48 AM   #9
Dave-n-Marjorie
Senior Member
 
Dave-n-Marjorie's Avatar
 
Join Date: Oct 2012
Location: Hilton Head Island SC
Posts: 102
Default

I have a buyer for $110k cash can close in 5 days sight unseen if it is clean and clear and right floorplan and will immediatly wire a $5,000 non refundable deposit upon passing inspection. He plans on reselling for $150k - $160k or more and he will get it. PM me with the information if its is a real coach and a real deal.....Just think....you could make a quick $20k!!!! I will do all the dealer paperwork for free. Who wouldnt turn that down?????

I will be happy to keep everyone on here updated on this deal and make sure you get your $20k if they buy it.

Quote:
Originally Posted by Newellin Thunder View Post
I have to agree that Newell's are under valued. Great for the consumer bad for seller which means it's all about the buy. I know of a 1998 double slide in great condition ready for fulltiming and the seller will take 90K. I was thinking about buying it myself just to resale.
__________________
Dave-n-Marjorie
1996 Newell #423
47' Bath and a Half
Hilton Head Island, SC
Dave-n-Marjorie is offline   Reply With Quote
Old 05-25-2013, 02:59 AM   #10
Yachts
Senior Member
 
Yachts's Avatar
 
Join Date: Jan 2013
Location: arkansas
Posts: 322
Default

I'd be interested too... I had my coach worked on at a dealer and he offered me 100k for my 99 no slide.. Said compared to the other stuff on his lot at 150-200 ours is a steal... But something I noticed.. 3-4 months ago there were several no slide 96 and newer no slides for sale.. There are none around now.. Could the market have turned?
__________________

Yachts is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
LCL - Newell Forum Administrative Changes Now Taking Place Neweller Forum Support | Suggestion Box | News 28 07-10-2013 12:39 AM
Dexas Collapsable Kitchen Strainer will Make the Galley Chef much Happier! Neweller Life on the Road | Livin' in Luxury 7 02-02-2013 09:13 PM
nascar race camping BikerBob Coach Spotter! 11 10-19-2012 02:22 AM
FS: 2005 Jeep Liberty 4x4 TOAD folivier Coach/Bus Buyer and Seller Exchange 4 09-27-2012 12:38 AM
Air actuated grease gun Twins General Technical Discussion 4 09-02-2012 07:21 PM

» Featured Campgrounds

Reviews provided by

Powered by vBadvanced CMPS v3.2.3
Disclaimer:

This website is not affiliated with or endorsed by Newell Coach Corporation or any of its affiliates. This is an independent, unofficial site.



All times are GMT. The time now is 05:27 AM.


Powered by vBulletin® Version 3.8.8 Beta 4
Copyright ©2000 - 2018, vBulletin Solutions, Inc.