If you’ve decided you want to purchase an RV but are unsure whether to buy a new or a repossessed RV, the best thing to do is compare the two and decide which is right for you.

Price. The biggest difference between a new or repo RV is price. As soon as a new RV is driven off the lot, it loses 30% of its value and then an additional 10-20% in the next couple years. Frequently RVs at used dealerships were purchased by the dealers at auction. They still provide a substantial savings over new ones, but buying a repossessed RV at auction yourself is even cheaper. Banks are interested in getting the RVs off their records as quickly as possible not making a profit, so you can buy quality RVs at low prices.

Amenities. To truly enjoy your RV, it needs to have all the amenities you want. You can find repossessed RVs with the same amenities as new ones, especially since repossessed RVs are usually fairly new. Also consider whether the features you want can be added later or if that would be too difficult or costly. It is often possible to add an upgrade or two to a quality repo rather than paying more for a new RV with everything. For the most part, there is little difference between the amenities available on a new RV versus a repoed recreational vehicle.

Quality. Some manufacturers make better quality new vehicles than others. Used RVs are the same. Some are not only in better condition, but they are also made with better quality. If you don’t want to spend a lot on a new RV, you generally end up having to buy one of lesser quality. Instead buy a repossessed RV and get both the better quality and the better price.

Availability. At a dealership, it is easy to see what is available. Unless a particular RV is very popular, it is likely that if one dealership doesn’t have what you want, another one will. The same is true of used RV dealerships. For repo RV auctions, what is available at each auction varies greatly and you may need to be patient until the right RV turns up.

Though finding a good quality repossessed RV with the amenities you want is more work and will probably take longer than buying new, it will definitely save you a lot of money and be worth it in the end. Figure out what is best for you and choose accordingly.

For more information on bidding at a used RV Auctions please visit this page!

For specific information on buying local Repossessed RVs please visit these pages!
Government Car Auctions
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Many people who are looking for a good deal on a newer vehicle are finding that repossessed car auctions are giving them a great alternative. The vehicles that are becoming available at these auctions are often available at much more reduced costs than if a person went through a car dealer for the same type of car.

In the past a person attending a car auction would be limited on the number of cars that were available. Now, however, cars of all makes, models, and conditions are coming to the auction for individuals with the cash to purchase them. The auctions have grown in popularity and are now being held in numerous locations for people wishing to attend.

Many newer model vehicles with very low mileage are finding their way to the car auction. This is primarily due to the financial hardships and sudden setbacks suffered by many people during the economic crisis.

Before the economic downturn, many people were buying new vehicles that had all of the options, were very expensive, and had high interest rates. When financial setbacks occurred, they did not have any options for making the high payment that had resulted from the purchase. Most of these individuals turned their vehicles back to the lenders who then put the cars up for auction. The cars are often almost new and have extremely low mileage. They are in perfect condition and can be purchased for a very low price.

Other vehicles that are often seen at the auctions are late model vehicles that have average mileage. These vehicles have been driven on excursions or trips and may have some interior damage when there have been small children in the vehicles. In most cases they do not have damage to the engines, etc.

Individuals who use their vehicle as collateral on a loan may find they cannot make the payments. When this happens the lender repossesses their vehicle. These cars are user older vehicles that have a lot of mileage and have been driven regularly. An individual looking at these cars will want to be sure they have the cars’ history and other information to make sure that the car is in good condition.

Some car auctions will have a few hundred cars while others will have several thousand vehicles. When you know what type of vehicle you are interested in, you can go early and check the vehicles that are that make and model. Starting the engine and checking the car for damage will be very beneficial before you decide to bid on a vehicle.

Cars sold at the auctions are sold “as is.” Some auctions give a 90 day warranty however this is uncommon. When purchasing a vehicle at an auction it is important to remember that if there is damage or repairs needed, you will need to take care of that yourself. After winning a bid you will need to have cash or financing available to pay for the vehicle. Most auctions will accept cash, a certified check, or in place financing. They will not accept credit cards.

Before going to the auction it is a good idea to get a list of the vehicles you are interested in. By making the investment in a car history report you can see if the vehicle has been in an accident or has some other type of major damage. When a person purchases a car through the repossessed car auctions they usually will save up to sixty percent of what they would pay for the same vehicle at a car dealer.

Government Car Auctions

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It does not cost much to buy a new car at the repossessed auto auctions. So it is really within your reach if you have a dream of driving home in a BMW 3 Series. Here are some quick tips that you can pick up if you are not sure how a repossessed auto auction works.

Introduction – What Exactly Is a Repossessed/Seized Vehicle

Repossessed property also includes vehicles. These are all seized, surplus and unclaimed equities which the government agencies try to sell away to recover administrative costs. The auctioned cars can also come from banks, financial lenders, police and other government agencies.

Types of Vehicles Put On Auction

You can practically find all kinds of vehicles put up for sale at the repossessed auto auctions. From SUVs, to sedans and sports convertibles, you get a whole range of vehicles. The condition of these vehicles may vary from slightly scratched to being badly damaged. But the good thing is the majority are in excellent working condition. Sometimes, you may even find cars which are a few months old priced at less than 60% of its normal retail price.

Prices of Vehicles

These vehicles start with very low prices and are bid upwards by interested parties. If the car model is a hot favorite, then it can skyrocket to ridiculous prices. That said, most people are still able to drive home a set of wheels for 80% off the showroom price. Such seized or repossessed vehicles are better deals than buying from private car dealers.

Basic Rules and Requirements

There are general rules and requirements to abide by. Firstly, most require bidders to be at least 18 years old and hold a driving license. Some require you to pay a registration fee to enter and bid. Ideally, you should carry a copy of Kelly Blue Book when you enter these places as it would help you to know the estimated value of the cars. Bring along a qualified auto mechanic as well so that he can provide a preliminary inspection.

Repossessed Auto Auctions Venues

Such auctions happen all the time and at all places throughout the year so you should be able to find one near home. For a start, call up the local government agencies branches and banks or even auction houses for a schedule. Check out the local newspapers for advertisements for auctions also.

The most convenient way of finding such car auctions is to use online auction directories. From there, you would be able to know exactly when and where the auctions are taking place. On top of that, you would know what vehicles are being offered. For a low one-time fee, you can have unlimited access to their databases of the latest news about repossessed auto auctions at your finger tips.

Begin your car search today through my car blog and drive home with your dream car at huge discounts.

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