If you’re planning on buying a recreational vehicle, you may be considering whether you should buy new or used. There are several differences between buying a new and used RV, and the choice really depends on what you plan to use your RV for – are you going to be a full-timer, or just an occasional traveler. Here are some things to consider.
What You Plan To Do With The RV
The biggest thing to consider is what you plan to do with the RV. If you are going to be a full time RV user, a new RV may be the way to go because it will offer a full warranty, and the vehicle will have no miles. However, if you’re going to just use the RV occasionally, for one or two trips per year, buying a used one could be a better bet because you’d save on price.
Another factor to consider is how long you plan to own the RV. If you plan on owning the RV for a long time, buying new is the way to go. The reason is that RVs depreciate over time, and so buy holding the vehicle longer, you get more value out of it. If you don’t know if you’re going to keep it for a long time, buy used, since most of the depreciated value is gone already.
Other Things To Consider
A big factor to consider when buying new versus used is price. The price of the RV sets up other factors, like state licensing costs and even Simple Caravan Insurance costs. Buying a new RV is typically much more expensive than buying a used RV, but right now is a great time to buy a new RV.
The reason is that due to the economy, you are in a better negotiating position to make a deal, and companies may have special offers or financing incentives available to make the deal work. These factors could make the new RV at least a little more competitive when it comes to price.
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