question about valuing a used Sportsmobile

[mamameins]

Long story short - we owned this van for years and then sold it 3 years ago. It is for sale and no(buyers have a new baby and need a car) and our son wants to buy it. It is listed for $12K, the seller will ell for $10K. He is using a local credit union to finance the purchase - this c.u. doesnt know anything about sportsmobiles and says the value is only $3500. If we can PROVE to them it is worth more, they will provide financing. I've checked with NADA and it comes out really low, but SPM reminedd me it was a modified van and nothing seems to fit for values.

Here is the link. Is this van worth $10K?

http://fordcamperclassifieds.com/199...te-washington/

[rallypanam]

My personal opinion is that is not worth $10k.. it's over 20 years old, looks pretty beat up, and has been sitting on the market for a while now at that price. But there are few comps to go by.. so it is hard to be definitive.

[BrianW]

Look at the pre-owned listings on the Sportsmobile.com website, they might give you some comps to show.

I don't think $10k is totally out of line, assuming it's in good mechanical shape. Plus, you presumably know a lot of the history since you previously owned it, so that's a big plus for a van that age. The third seat is a nice option, although the lack of a downstairs bed limits the number of people that can sleep in it, so that kinda negates having the third seat IMO (i.e., you can carry three people, but can't sleep three people).

[mikracer]

Go to Nada guides and do the RV values. If you add a bunch of options to it, you can get close to $10,000. Adding "full body paint" jacks up the price by $2,200. That will probably be your best bet.

Here is the link to the value I got. I don't know if its an EB19, but I'm positive the person at the CU wont know either.
http://www.nadaguides.com/RVs/1994/S...3052467/Values


At first glance, the van looks kind of neglected. But if you picture the van with updated hubcaps, no aluminum running boards, and a good polish/wax, I think it could look a lot better and more like a newer van. I would offer them $7,000.

[gbayless]

I am going through a similar situation with a 98' SMB. I am working on getting an appraisal for it to get a fair valuation for financing. Give SMB a call and they can recommend a few companies that have been used for this type of situation in the past.

Good Luck and let us know what happens!

[86Scotty]

I think a little less than 10 is ballpark, but maybe a little more than 7. I was thinking 8 or 9 for that van. The dated interior is the biggest issue IMO. Wheels and tires, and perhaps bumpers could make that van look 10-15 years newer, but you open the side door and you're stuck in the 80's.

[BajaSportsmobile]

You will not get a Credit Union to value that anywhere $10K.

[mamameins]

So the credit untion came through with a value of $9600 and they bought it. We knew (know one else did) that we had rebuilt the transmission and engine 4 years ago and the new owners only put 4K miles on it.
Needs a new interior - they can work on that.
Thanks for all of your suggestions!

[eddyturn]

cool for you and them.

[gbayless]

Sweet! Congrats!