When you buy a new RV, you pay way too much for it. During the first year of ownership an RV can lose up to 30% of its value. Why would you want to waste that much money by overpaying for a new RV? If you spend a little bit of time searching, you can find a three or four-year-old used RV that has very little wear and tear. Some people that buy their recreational vehicles find that they do not have as much time to use them as they thought they would. You can buy three or four-year-old RVs that have only been camped in for three or four times. If you can find these RVs, you’re going to be able to buy an RV that is in like new condition for much less than the retail selling price. Just imagine used rv values of 60 to 70 percent of new rv prices.
Most owners understand that if they hold on to their RV for years it’s going to go down in value. This motivates people to sell their RVs for sale by owner quickly in order to avoid having them continue to drop in value. If you are looking for a used RV for sale by owner, make sure to explain to the owner that by selling it now at a lower price, they can actually save money, than if they held onto it for another year and then decided to sell it.
Another advantage of buying used is that you might be able to pay cash for it. When you pay cash for something it feels different and it drives different. You feel confident owning it rather than feeling like you can’t afford it. If you can pay cash rather than having to finance a used RV, you’re going to be so much better off in the long run. First of all, when you pay cash, it does not cut into your discretionary income. This means you don’t have to stop paying into your retirement, just so you can pay for your motor home. You will be able to make the same contributions that you made previously. Also, you won’t feel poorer for owning a motor home or having to make a monthly payment every month because you do own one. The third advantage of paying in cash is that you never have to worry about your RV or motor home becoming a repo rv. If you lose your job, your RV is an asset rather than a liability, and you can sell it to cover your expenses. It is a much better place to be if you fall into hard times.