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Home » Public Forums » GMCnet » [GMCnet] Arriving at a fair price for coach and enhancements
[GMCnet] Arriving at a fair price for coach and enhancements [message #83048] Tue, 04 May 2010 16:25 Go to previous message
Byron Songer is currently offline  Byron Songer   United States
Messages: 1912
Registered: August 2007
Location: Louisville, KY
Karma:
Senior Member

You all have been so great in providing feedback on one esoteric issue that
I thought Iąd run another past you.

As I've pondered whether to spend more on Silver Lady or look for another
coach I've done some analysis. Here are the figures based on nearly three
years of ownership (July 2007 - May 2010).

Purchase price - $15,900 (coach had been repainted in 2005)
Parts added to repair, replace or upgrade - $14,673
Labor to install parts - $13,751

Total financial outlay (not including taxes and shipping) comes to $43,424.

Suddenly I realize why I'm a pauper. I had suspicions but hadn't looked at
the data.

I wonder what the other guys include in their totals when they say what
they've spent. Taxes and freight total $1,301. Mere rubbish.

Since Silver Lady has been run more in the last three years than the
previous 15 it's safe to say she's been well maintained and road-worthy. She
isn't a total project though I can think of other things to do.

Among improvements/replacements are roof air, furnace, water heater, air
bags, alloy wheels, tires, suspension parts, and some other junk like
upholstery and captain's chairs.

How would you arrive at an asking price? (Today's market taken into account;
love of GMC included.) Place no value on the labor and only a portion of the
parts? Add all of parts and purchase price? Use a random number picker and
multiply by a factor of 1000? Dice with lots of dots?

How would you do it?

Byron Songer
1978 Royale by Coachmen
Louisville, KY
Personal - http://web.me.com/bnsonger
Eastern States - http://www.gmceast.com



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-- Byron Songer
Full-timing to enjoy the USA
Former owner but still an admirer
GMC paint schemes at -
http://www.songerconsulting.net
 
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