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!
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