As you browse the listings on RV Trader, you may wonder: Is it better to buy a new or used RV? What exactly are the pros and cons? It’s no secret that we’re big proponents of the preowned RV market (which is booming for specific models right now.) But the truth is: There isn’t a single right answer for everyone. But there may be a right answer for you.
So, if you’re asking yourself whether to buy a new or used RV, consider the following key points. Just looking at these and answering honestly about what matters most to you will help ensure you find the right RV.
First, Make Sense of the Dollars and Cents
Before you make any major purchase, it’s good to have an understanding of where you stand financially. You should know that RVs are considered luxury purchases by many lenders. So, terms are less favorable than for things like your primary transportation. Know, too, that loans on used RVs are less favorable than on new rigs.
If you have a relationship with a local credit union that does RV loans, make it your first stop to shop for rates and terms. Armed with that knowledge, you can speak confidently when it comes time to talk numbers. Some dealerships may have better terms than you can get on your own. Some don’t, but it’s wise to know in advance.
Choose Between a Dealer and Private Sale
Before you even decide to buy new or used, you might consider where you’re buying from. There are absolutely advantages to working with a dealer, even on a used unit, that speed up the entire process.
First, you won’t have to deal with your local government vehicle licensing agencies. The dealer handles the whole transaction. The dealer may also offer some guarantees or warranty. And you can rely on their service department if you do run into an issue. They may also be able to arrange financing directly. Even if you prefer handling financing yourself, financial institutions are more likely to approve a loan when you’re purchasing from a reputable entity.
On the other hand, if you are buying from a private party, you’re generally dealing directly with the current owner and can get answers to all the important questions from the person who knows the RV best. You’ll be able to see how well they’ve maintained the unit. They also may also have service records to back it up. (Which, you should be aware, is something that a dealership can’t share without the express permission of the previous owner.)
Balance Depreciation Against Wear and Tear
There is truth in the conventional wisdom that the first owner takes a big hit in the value of an RV. So, yes: You can save a lot of money buying a used RV. But you want to be a careful shopper. Because you don’t just want a used RV. You want a great used RV. How a rig has been cared for makes all the difference in the world. Even bargain-priced RVs can last for decades if they’re well cared for. Likewise, the finest RV on the market will have a shorter life if maintenance is neglected.
Another commonly cited advantage of a used RV is that the previous owner may have worked out the kinks. That may not be the case though. Diligence is required throughout the course of their ownership, not just at the beginning. To give you one example, all RVs require routine inspections of the seals. If this isn’t done, and seal failures aren’t caught in time. And the resultant leaks can destroy an RV.
Also, with very few exceptions, towable RVs have no provision to account for mileage. Rough roads can accelerate wear and tear on these trailers. This is particularly true if the trailer has a simple suspension, like a leaf-spring suspension, which does little to smooth out the harshness of the road.
Request an Inspector — for Used and New RVs Alike
One of the best ways to determine an RV’s condition is by calling in a certified RV inspector through the National RV Inspectors Association (NRVIA). These trained professionals examine an RV from top to bottom, noting the state of the hardware and equipment. They not only identify potential issues but also possible upgrades to enhance your enjoyment of the RV. While it’s impossible to anticipate every situation, having a professional inspection can truly help avoid problems.
You may be surprised to learn that some people, particularly when buying higher-end RVs, will hire an inspector even for new RVs. Note that not all dealerships will allow an inspector, claiming that their service techs have done the necessary checks. Your comfort level with this claim may determine whether you choose to continue to work with them or not.
Consider a Warranty
Depending on your tolerance for risk, combined with your own ability with tools, an extended warranty can be a great investment or a total waste of money. Your own finances, too, can be a factor. If a major repair will completely throw your plans out of whack financially, rolling the cost of a warranty into your purchase price could be a good idea.
That being said, there are a lot of different types of warranties and companies that stand behind them. As someone who sold RVs for year,s I have also sold a lot of extended warranties and found that some companies really stood behind their customers while others didn’t.
**Remember: When you’re shopping for an RV, you’re also shopping for a company that will stand behind it.
Research Brand Build Quality
Go on any social media platform and you’ll find a lot of people who claim that RVs built after COVID are poorly made. In reality, the truth of this statement varies as widely as the RV types themselves.
Some manufacturers absolutely hired indiscriminately in order to build as many RVs as possible during the incredible demand generated by the pandemic. However, other companies did not, kept their existing workforce, and continued to build a quality product.
Each RV brand, even under major names like Thor and Forest River, has a tremendous amount of autonomy. Brands are encouraged to do their own design and development and compete both within and beyond their parent companies.
Just knowing that a brand belongs to a juggernaut parent company doesn’t tell the whole story on the caliber of the RV you get. Even if an RV was built in a hurry, if you’re finding it on the used market, its service and maintenance history will almost make a bigger difference than how it was initially constructed. Likewise, if a brand’s build quality is solid, and it’s service history is solid, then even used odds are that it will likely continue to be a great RV.
New or Used RV? It’s Up to You!
Making any major purchase — including an RV — can be a bumpy ride or a pleasant adventure. As with anything this significant, knowledge makes a difference. The more you know about the RV you’re looking at and how it will fit into your life, the better your experience will be.
The RV lifestyle is an incredible way to see this amazing country. It opens the door to adventure — however and wherever you like it! Whether you’re looking at a new RV or one that’s been lovingly cared for, you can find the perfect RV. All it takes is having the right answers to the right questions.