If you have ever wanted to buy an RV, but don't like the stiker price of the new ones, here is your chance to have one at a new lower price. How? Buying repossessed RVs is the way to get used RVs at great prices. There's an abundance of RV auctions taking place all across the country.
How would you buy repossessed RV? Repossessed RVs are similar to repossessed cars, they've been repo-ed by the lender after the owner has defaulted on payments. When this occurs, the RV goes to a live or silent auction.
Where do you find these RV auctions? RV auctions can be found by asking a local RV dealer or looking online or in the newspaper. Most of the time at these auctions, you will be given the opportunity to check out the repossessed RVs and inquire about their features. In some lucky cases, people have purchased used custom RVs for the price of standard new ones, so theres a good possibility of finding that motorhome you've had your eye on at a lower price.
The most important thing to do when you're bidding on repossessed RVs is make yourself as knowledgeable as possible so that you get exactly what you're looking for and nothing less. You'll want to research the market value of new RVs, so that when you're making your selection. Try using the Kelley RV blue book and the Nada RV values guide for determining the going rate. And you'll also want to inspect both the interiors and exteriors, particularly for signs of water damage and unusual amounts of wear and tear.
Once you've done all that, you are ready to drive out the auction with your new (at least to you) RV. And don't sweat that it isn't brand new, off-the-lot, you just received the best deal possible.