| Just like everything else, recreational vehicles are | | | | Repos are in Good Condition |
| being repossessed and foreclosed. This means finding | | | | The majority of repossessed RVs are in good |
| repo RVs for sale is getting easier and easier. In fact, | | | | condition. In many cases, the vehicles have either |
| anyone looking to purchase an RV at a discount will | | | | been sitting in the driveway or sitting in storage. |
| find a wealth of options at an RV auction. | | | | Studies have shown that most used RVs being sold |
| Save 30% by Selecting a Used RV | | | | have gone on relatively few trips and spent most of |
| Similar to cars, as soon as a new RV drives off the | | | | their time in storage. This means you can get a |
| lot, it loses value. As a matter of fact, it will lose | | | | like-new RV at a fraction of the price of a new one. |
| approximately 30% of its value. Therefore, when | | | | Bidding on Repos |
| you purchase a repossessed RV, you are going to | | | | Before you walk out the door, do some research on |
| save a bundle. | | | | the selling value of different RVs. You don't need to |
| Buying from an Auction | | | | do a lot, but a general idea of the value of different |
| When banks repossess a motor home, they must sell | | | | motor homes is helpful. It possible, take the NADA |
| it to get their money back. However, banks are not | | | | guide with you to help determine the appropriate |
| professional RV dealers so they must find someone | | | | price of the RV. |
| to sell it for them. In many cases, this means the RV | | | | Next, you need to decide how much you are willing |
| goes up on a private auction. In other cases, it | | | | to spend. Set a price that you will not exceed. This |
| means that it goes to an RV dealer to sell on | | | | will prevent you from getting attached to an RV and |
| consignment. | | | | overbidding based on emotions. This is the only way |
| RV auctions are normally silent auctions. You have | | | | to ensure you get a good deal based on fact instead |
| the opportunity to walk through a variety of travel | | | | of emotions. |
| trailers and motor homes before deciding which one | | | | Whether you are buying a new, used or repossessed |
| to bid on. Place your bid carefully, because bidding on | | | | RV, research is always the key to finding a good |
| multiple RVs could result in you having to purchase | | | | deal. Like so many other things in life, knowledge is |
| multiple RVs. | | | | power. The more you know, the better chance you |
| Additionally, at most RV auctions all sales are final. | | | | have of receiving the rock bottom price. Good luck |
| This means you buy the travel trailer or motor home | | | | and happy RVing. |
| in "AS IS" condition. | | | | |