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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.
Posted under Repossessed Car Auctions
This post was written by admin on February 16, 2010