An RV is a big investment that requires careful planning and a lot of thought. If you are willing to take the plunge, you will still run into a great dilemma: Should you buy a used or new RV? This question continues to linger because both new and used RVs have their own set of pros and cons. For you to make sure that you are not going to regret the decision you will make, you should start with knowing the pros and cons of used and new RVs.
They are cost effective: There is no doubt that vehicles will come to a point where their value decreases. RVs are no exception. Once they start to depreciate, you can get huge discounts from used RVs. This deal is great for those who have just started embarking on an RVing lifestyle. If you do not have enough cash for new RVs, shelling out a few bucks for used RVs will not hurt.
They are upgraded: Most owner will go through great lengths to make sure that their vehicle is comfortable while on the road. That said, you can expect used RVs to be upgraded by the previous owner. So if you are worried about the lousy faucet or faulty fridge, you can be sure that these are well taken care of by the former owner. Even tires are usually upgraded and this can give potential buyers peace of mind.
They offer buying options: If you want to avoid dealerships, used RVs allow you to bypass dealing with a pushy sales team. Buying used means that you will contact the owner directly.
Signs of wear and tear: Expect normal wear and tear if you are going to buy used RVs. While there are upgraded models, there are also cases when the vehicle you will find has not undergone any type of upgrade or remodeling. Expect old RV to require lots of work. So if you are a handy person, all you have to do is to rebuild the unit. However, if you have not replaced an appliance or cabinetry before, this option might not work for you.
RV park limitations: Some parks set some limitations by asking you about the year you have acquired your RV. If you are lucky, the RV park will allow you to rebuild the RV, but there are others who are strict about RVs. It is better if you ask the RV park owner especially if you are a full-time RVer.
Higher downpayment: When financing an older RV, the downpayment might be higher than buying new ones. If you are having difficulties getting financing for the used RV you want, the only option to consider is to buy a new RV.
No warranty: Another downside of buying a used RV is that it does not have a warranty, especially if you bought the vehicle directly from the owner. If you do not have any idea about the condition of the RV, and later on discovered that it has hidden troubles, you will need to shoulder the expenses for getting the vehicle fixed. Before you buy a used RV, be sure to do an inspection.
Damage free: When you buy a new RV you can be sure that it is free of damage and covered by a warranty. There is also an option for you to purchase an extended warranty. So in case anything gets slightly damaged, it can be fixed before you commit to buying the vehicle.
Technological advances: Another benefit that you can obtain from buying a new RV is that it has the latest upgrades. Some new RVs are solar ready and come with LED lighting.
Hassle-free financing: Financing an RV is more challenging than financing a regular car. However, if you finance a new RV, you can pay for the downpayment for as low as 10%. The dealers will also work with the buyers so you will be able to obtain the suitable payment terms.
It is expensive: If you are trying to work on a budget, a new RV may not be for you because it is pricey.
You can only buy a new RV through dealerships: There is no option to buy directly from the owner, unlike used RVs. You have to buy the new vehicle through a dealer.
Some RVs have poor quality: Just because it is brand new does not mean that it is impervious to wear and tear. If the vehicle is poorly constructed, you can expect the interior to become prone to wear and tear.
Whether you are buying a new or used RV, you need to keep a list of all the essentials to make sure that you will not be wasting your money. You will also have to be aware of the implications of buying an RV such as the pay schedule, warranties, services, and memberships. Talk to May’s RV so you can discuss these options and make the right decision.