Dispute Over Trailer Value Leads to Expert Testimony Requirement

Case Overview

This case involves a disagreement regarding the valuation of a 1984 Seacliff double-wide trailer, following a contract established between a landowner and a buyer. The agreement stipulated a payment of $240,000, which included 20 percent of proceeds from the land and one of the landowner's two trailers. The buyer contends that the trailer's value should be incorporated into the 20 percent proceeds, asserting that the trailer is worth $450,000. To resolve this dispute, an expert in recreational vehicle sales has been engaged to provide insight into the valuation of the trailer.

Questions to the Automotive expert and their responses

Please describe your experience in RV sales, particularly as it pertains to new and used vehicles.

I have over 40 years of experience as a licensed automobile and RV dealer. I have purchased and sold thousands of vehicles and RVs, in addition to personally owning them. I am also an administrator of an RV online group.

What information would you need to determine the price of a 1984 Seacliff double-wide trailer?

I would need more details and to review the file before determining the value of the RV in question.

About the expert

This expert has over 40 years of experience in the field of wholesale and retail automotive sales. He is a licensed wholesale auto dealer and certified in dealer education. Previously, this expert was a financial specialist and general manager for Cohen Motor Company and the treasurer for iLead Encino Charter School Board. In addition, he was an affiliate of several dealerships, including Uhaul, Extreme, and Kasea. Currently, he is the director of private money, a real estate lender, a real estate developer, and an investment property manager for a private investment group. In addition, he is the president of an automobile financing corporation and the administrator of a recreational vehicle dealership, all in California.

E-328926

Specialties:

Automotive