Category: RV’s

New RV Sales or Used RV Sales, Which is Better

You don’t want to pay too much for the next RV that you buy.  It is always better to find good deals and save money at the same time. If you buy a new RV, you are probably going to be paying way more than you need to.  Dealerships have a standard mark up of 40% on everything that they get.  This means that you are going to be likely to have a 40% mark up on any new RV that you buy from a dealership.  This is a steep price to pay, considering that an RV will lose almost 25% of its value during the first year that you own it.  You would be much better off finding a good deal at a used RV sales company.  If you look hard, you can find recreational vehicles that are three or four years old that have hardly ever been used.  These RVs are in like new condition, often with less than one month worth of wear and tear.

But the best part about a used RV is the price.  By buying an RV that is three or four years old, you often end up paying half as much for the RV.  A lot of times these RVs will look, feel and smell new. Your friends and neighbors will still be impressed but you will gain the most benefit because you paid a lot less for your RV.  On top of that, your cost of actually owning the recreational vehicle is going to be cheaper because you will not have to deal with the high rates of depreciation on new units.

There are lots of different types of RVs for sale by owner.  You can find a used RV for sale by owner that is 15 to 20% less than blue book simply by finding someone who is motivated to sell quickly.  This can actually save you a lot of money.  You not only save 50% for buying a used RV, but you can save an additional 10 to 15% when you find someone who is a motivated seller.  There are a lot of reasons why someone would be motivated to sell their RV quickly and these reasons include financial troubles, unemployment, divorce, inheritance, and many other reasons.

Four Reasons Why You can Get a Better Deal on Used RVs at An RV Auction

There are a lot of reasons why going to an RV auction is a great way to buy a used RV.  The number one reason why people suggest that RV auctions are a good place to buy is because you can buy a camper for less money at a camper or RV auction.  Prices vary by auction, but generally, people can save 30% to 40% on their recreational vehicles.

Another reason why RV camper auctions are so popular is because a lot of times they have a lot of good inventory to look at.  If you’re trying to get a good deal on an RV and you’re trying to buy it from a private party seller with a used rv for sale, you may have to go and view several RVs before you find one that is a good deal.  When you go to a large recreational vehicle auction, you can find several good deals all in one location.

The third reason why people like auctions is because it is way easier to buy from an RV camper auction than it is to buy a bank repo RV from the bank. When you work with the bank, even on what is called a bank repo rv auction which is really just a sealed bid offer on a few vehicles, you typically have to wait a while before an offer that you submitted can even be looked at.  Then it may have to be approved on multiple levels before the sale can be made.  If just one person rejects your offer within the corporate ladder, then you could be left without a deal and without a counter offer.  When you go to an rv auction, the sales are quick and final.  You don’t really have to wait around for an answer or to know whether or not your offer has been accepted.

The fourth reason to buy at an RV auction is because you can pay less for them and you can often buy them with cash instead of having to finance them.  When you finance an RV or camper, you don’t really own it.  My personal goal is to never have another car payment or RV payment again in my lifetime.  I hope that with some careful planning and some hard work, along with saving money, I can accomplish my goal.  You never get the title unless it is paid for.  As soon as you pay it off, it becomes an asset rather than a liability and it is a lot more fun to own a camper that is paid for rather than just owning a mortgage.