Earthroamer sell off?

[Ozarker]

Yup.

But the sheer number of these stupidly expensive vehicles for sale also tells me another thing: the people that have that much money to throw around on toys are typically well informed/educated, they see the (economic/financial) writing on the wall & are liquidating toys while the market is still relatively stable.

Which wall is the writing on?

 

[180out]

Yup.

But the sheer number of these stupidly expensive vehicles for sale also tells me another thing: the people that have that much money to throw around on toys are typically well informed/educated, they see the (economic/financial) writing on the wall & are liquidating toys while the market is still relatively stable.

and getting rid of monthly expenses. not a bad plan!

 

[adam88]

So many earthroamers for sale. Still looks like 18 for sale, with 3 "pending".

 

[gator70]

The quality is high. But the value is not there. Especially on a pickup platform.

 

[charlieaarons]

and getting rid of monthly expenses. not a bad plan!

Other than liability insurance, what are the monthly expenses associated with owning an expensive toy that only a deranged person (there’s a pandemic of that) would buy on installments?

 

[waveslider]

4 years ago you could get a loan for one at roughly 3.5-4%.

Given that my meager portfolio is running at around a 10-12% avg for the last decade I wouldn’t exactly consider it deranged.

But that’s just me.

 

[BillFitz]

All this talk of "stupidly expensive" and "value not there" doesn't compute when you're talking about a purchase by someone with the means to make it happen. You may think it's stupid, you may think the value is not there, but other people think differently.

Why are there so many used ERs for sale? I suspect a lot of those trucks for sale are from the zombie apocalypses buyers. Covid spawned so much anxiety and stress that some folks went out and dropped a ton of money on a get-away vehicle. All the big truck makers, EC, ER, and GEV, worked overtime satisfying demand from 2020 to 2022.

Many of these buyers had zero camping or overlanding experience, but what they had was cash. We have all run into people like this, formerly empty beaches in Baja have been wall-to-wall with them over the last few winters. When the crisis abated and the overlanding dream didn't meet their expectations, the truck went up for sale. I suspect we're at that point now.

There are probably some good deals out there for cash buyers if a big truck is your thing.