It appears they are using something like NADAguides.com, where a 2003 2720 with no options is listed as having a "low retail" value of $5210. The value will be higher, of course, with some options, although only the air conditioner contributes very much to the bottom line, bringing the value up to $5530. Why they chose "low retail" as opposed to "average retail" is anybody's guess, except to say that as an RV financing company, they have undoubtedly been badly burned by the recent partial collapse of the industry.
On the other hand, if you are looking at $10K as a value, you may be thinking too high.
Bill
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