Are New, Used or Repossessed RVs the Best?
To figure out if new, used or repossessed motorhomes for sale are the best choice for you, compare value, features, construction and selection to make your decision. Here is a general guide to get you started.
Value. New RVs tend to be overpriced and would cost around 30% less if they were to be sold right after they leave the lot. In the following few years, they continue to depreciate 10-20% more. Used RVs at dealerships reflect these savings, but are typically marked-up after the dealer buys them at a repo RV auction. If you go to the auction yourself and buy a repossessed RV for sale there, you can get one for even less. The banks aren’t interested in making a profit. They just want to sell the RVs as soon as they can.
Features. Both new and used RVs can have the same features. Repossessions tend to happen in the first few years of a loan, so the RVs aren’t usually very old. Sometimes it’s fairly easy and cheap to add an upgrade and this can be a way to make the RV just the way you want.
Construction. Not all RV manufactures have the same quality standards. Whether new or used, some are constructed with better parts than others. With new RVs, you pay more for superior quality, so if you have a smaller budget, your new RV may be constructed poorly. Buy a better constructed repo RV and get a lower price too.
Selection. It is simple to find out what is available at a dealership and most of the time if it isn’t at one, it is at another. Whether you want new or used, you can just call up a dealership to see what they have. When buying an RV at a repo auction, you may have to wait for what you want to be available since the type of RVs and the features they have will be different at every auction.
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