Any RVer knows that their rig, with all the adventures it enables, is worth more than a dollar amount. But still, understanding your RV’s value, monetarily speaking, is essential—whether you’re selling, refinancing, or renting it out on RVshare.
But it can be confusing to know exactly what that value is and how to get it. For starters, what’s the difference between an RV value vs. RV appraisal—and which one do you need in which instance?
An RV value is exactly what it sounds like: the dollar-amount value of a given motorhome or trailer. An RV appraisal, on the other hand, is the physical process by which a professional ascertains that value. However, you don’t always need an RV appraisal in order to get a good-enough value to sell or rent your rig.
Below, we’ll dive further into the differences between these two concepts, as well as explaining when you may need an RV appraisal versus when an RV value is good enough—and how to get one.
What Is RV Value?
Let’s start with the broader concept and term: RV value.
Definition and Overview
RV value refers to the dollar-amount estimate of what your RV is worth. This figure is based on a variety of factors, including market trends, the condition your RV is in, comparable listings, and more.
How RV Value Is Calculated
Here’s a closer look at the factors that influence RV value, which include:
- Your rig’s make, model, and year
- Mileage and condition
- Features and upgrades
- Supply and demand in your area
You can find an estimated RV value online, by utilizing resources like the NADA Guides and JD Power’s RV value search tool. While this value won’t be as precise as one gleaned from a professional appraisal, in many instances, it’s a good enough figure to make an online sale or rental listing.
When to Use an RV Value Estimate
An RV value estimate is a useful figure for:
- Considering selling or trading in your RV, to understand a baseline of what it might be worth
- Figuring out how much to list your RV for when renting on RVshare
- Negotiating the price of a used RV with a seller or dealership
However, in some other instances, you may want to invest in a full RV appraisal.
What Is an RV Appraisal?
Let’s take a closer look.
Definition and Purpose
An RV appraisal is a professional, in-person evaluation that determines the specific market value of your RV. It’s a lot like a professional appraisal of a home or other asset.
You can get an RV appraisal on a Class A, Class B or Class C motorhome, as well as travel trailers and fifth wheels. A professional appraisal will give you a more accurate estimate of your RV’s value.
How RV Appraisals Work
RV appraisals are conducted by licensed appraisers who have expertise and experience in the field, and will thus be able to determine a more precise dollar-value for your RV. Along with the value factors listed above, RV appraisals also include and consider:
- Physical inspection of interior, exterior, and mechanical systems
- Maintenance records and specific model features
- Up-to-the-moment local market data
When to Get an Appraisal
Although an appraisal is a more accurate value estimate, it does also come at a cost. The average RV appraisal can range from about $150 to $500, so it’s important to make sure you’re ready to invest.
Good moments to consider a professional RV appraisal include:
- Before selling a luxury or high-end RV
- For insurance claims or coverage updates
- When refinancing or applying for an RV loan
Of course, you could also get your rig appraised simply because you want to know how much it’s worth with more accuracy.
Key Differences Between RV Value and RV Appraisal
Here are the key differences between RV value and RV appraisal—at a single glance.
| Feature | RV Value | RV Appraisal |
| Method | Estimated using online tools | Professional, in-person assessment |
| Cost | Usually free | Typically costs $150–$500 |
| Accuracy | Moderate | High |
| Best For | Quick estimate | Official documentation or high-value RVs |
| Time Required | A few minutes online | 1–3 days |
Example Scenario
Let’s look at a quick example to better illustrate the difference between RV value vs. RV appraisal.
Say you own a Class A motorhome that is about five years old. You decide to list your RV on RVshare, but you want a quick estimated value to understand how much you might be able to rent it for. Along with looking at other comparable listings on the platform, you might also run your RV’s basic stats through the NADA guides or another online RV value estimator to get a better sense of what it’s worth.
On the other hand, if you were preparing to sell that same motorhome on the private market or get new insurance policy on it, you would want to invest in a professional RV appraisal to ensure you make the most of the sale or get enough coverage.
How to Find Out Your RV’s Value Online
Looking to get a quick RV value estimate? It’s easy. Just:
- Locate your RV’s make, model, and year.
- Visit the NADA Guides or JD Power’s RV value estimator.
- Enter your RV’s condition, mileage, and features.
- Review the suggested value range.
Voila: An estimated value! Tip: You can also look for similar RV listings on used RV sales websites or rental platforms like RVshare to understand real-time market conditions affecting the price of your rig.
How to Prepare for an RV Appraisal
If you are going to invest in an RV appraisal, you’ll want to get your rig ready beforehand so its best side shines!
Start by making any minor and affordable repairs, such as leaks or cosmetic fixes. These little details can make a big difference in the value of your rig, even if they cost little or nothing to complete.
You’ll also want to clean and detail your RV, both inside and out, which will help put its best foot—or wheel!—forward.
Finally, gather all your service and maintenance records, as well as reviewing any upgrades or aftermarket additions so that you can highlight them to your appraiser.
Which Option Should You Choose?
Okay, so: RV value vs. RV appraisal. Which should you choose, and when?
When an RV Value Estimate Is Enough
An RV value estimate is enough when:
- You’re listing your RV for rent or casual sale.
- You want a quick idea of resale value.
When to Invest in an Appraisal
An appraisal is worth the investment when:
- You’re selling a luxury RV or seeking financing.
- You need documentation for insurance or legal purposes.
Remember, both methods can be useful depending on your goals. Understanding your RV’s worth helps you make smarter financial decisions!
Maximize Your RV’s Value with RVshare
No matter what your RV’s value is, you can maximize its earning potential by renting it out on RVshare. Listing your rig on our platform allows you to earn passive income, and some of our renters earn tens of thousands of extra dollars per year—all by renting out their RV when they’re not using it.
It’s quick and easy to get started today!
Common Questions About RV Value and Appraisal (FAQ)
Yes. Appraisals are based on physical inspections and real market conditions, making them more precise than automated tools. However, unlike online value estimates, they do come with a cost.
Most professional appraisals range from $150 to $500, though the specific price will depend based on your location and the type of RV you’re having appraised.
You can estimate your RV’s value using online tools, but an official appraisal requires a certified and licensed appraiser.
Market demand, age, mileage, and condition all play a role. Seasonal trends and depreciation also affect your RV’s worth.