New versus used is one of the biggest dilemmas RVers face when looking to buy a recreational vehicle. While new has its perks, it can be much more expensive than you thought. New RVs can give you access to the latest models off the assembly lines with the best features, color schemes and benefits. By buying used, you can save some money and get a decent RV or trailer that fits within your budget and needs.
Buying a RV is more like buying a vacation home. When you are looking for a vacation home, you are looking at the floor-plans, the amenities, the size of the living area and where they are located. Those are the same things that you look for in a RV.
Let’s take a look at some of the Pros and Cons of each option, as it pertains to Class B RVs.
|Purchase Price||– $100,00 +||Could be half the cost of new|
|Loan Interest Rate||Lower||Higher|
|License & Registration||Higher||Lower|
|Warranty||Yes||Usually not, especially if buying from a private seller.|
|Layout||Better choice of floor-plans and interior colors||Can get more luxuries for your money. Also can find floor-plans that have been discontinued.|
|Amenities||New, modern, up-to-date||Older technology|
|Maintenance||Will have some maintenance requirements||May have hidden issues. Make sure you do your homework.|
New RVs and used RVs both have their place for RVers. When just starting out, it’s cost efficient to buy a used RV. You’re safer if you buy a used RV from a dealer than a private buyer, but you can still run into issues that are a pain to deal with. When buying a new RV, you’re covered by the manufacturer’s warranty and any extended warranty you buy through the dealer. If something goes wrong, you have a safety net. That’s not always true when you buy used.
Bottom line, do your research to find the best fit for how you are going to use your RV. Happy Camping!