| When you can find them, foreclosed trailers and Rvs | | | | Buying foreclosed trailers is a great way to get a lot |
| are really a great deal. If you have ever seen a | | | | of upgrades without paying directly for them. With |
| home in foreclosure or that has been repo-ed by a | | | | most dealerships, upgrades are just free money a |
| bank, you may be thinking that the used trailer will be | | | | $75 dollar satellite for instant. May be a $500 upgrade |
| in horrible condition and reek of pet odors and | | | | and the dealers invoice pricing list. When you buy a |
| cigarette smoke. However, this is not usually the | | | | foreclosed RV, in most cases all the existing |
| case with foreclosed trailers. Up until 2008, this was | | | | upgrades come standard. |
| because you had higher standards set to lend of | | | | Bank foreclosed trailers or RVs are typically sold at |
| trailer homes then on home loans. | | | | auctions. These normally take place on auction lots |
| People who default on newer RV loans typically leave | | | | and are sold either through silent auctions, where |
| the RV in decent condition. We still however | | | | people are aloud to look at the trailer and then |
| recommend you have every foreclosed trailer you | | | | submit their bids in an envelope or through live |
| buy professionally inspected. | | | | auctions where buyers bid vocally. Auctions of |
| New vs. Used and Used vs. Foreclosed | | | | foreclosed trailers are advertised in newspapers or |
| We know that 9 times out of 10 buying a used trailer | | | | other RV printed materials. |
| is a great way to save money over a new trailer. | | | | Auction selling prices are determined by the amount |
| Dealers typically mark RV trailers up 25% to 55% | | | | of bidders present and what they are able to bid. |
| above invoice. Manufacture's suggested retail invoice | | | | Going often can help you understand how the |
| averages 40% over the wholesale invoice. The | | | | process works and come out with the best deals on |
| reason for these high mark ups are that trailer and | | | | the purchase or your next foreclosed trailers are a |
| RWhen you can find them, foreclosed trailers and | | | | higher risk and carry more overhead per unit then a |
| Rvs are really a great deal. If you have ever seen a | | | | car lot. |
| home in foreclosure or that has been repo-ed by a | | | | A typical $50,000 trailer retails for $70,000. Buying it a |
| bank, you may be thinking that the used trailer will be | | | | year or two old from a private party seller, you |
| in horrible condition and reek of pet odors and | | | | should be able to purchase the trailer for about $45K. |
| cigarette smoke. However, this is not usually the | | | | Buying the same trailer foreclosed at auction should |
| case with foreclosed trailers. Up until 2008, this was | | | | enable you to buy it for $25K-40K. |
| because you had higher standards set to lend of | | | | Buying foreclosed trailers is a great way to get a lot |
| trailer homes then on home loans. | | | | of upgrades without paying directly for them. With |
| People who default on newer RV loans typically leave | | | | most dealerships, upgrades are just free money a |
| the RV in decent condition. We still however | | | | $75 dollar satellite for instant. May be a $500 upgrade |
| recommend you have every foreclosed trailer you | | | | and the dealers invoice pricing list. When you buy a |
| buy professionally inspected. | | | | foreclosed RV, in most cases all the existing |
| New vs. Used and Used vs. Foreclosed | | | | upgrades come standard. |
| We know that 9 times out of 10 buying a used trailer | | | | Bank foreclosed trailers or RVs are typically sold at |
| is a great way to save money over a new trailer. | | | | auctions. These normally take place on auction lots |
| Dealers typically mark RV trailers up 25% to 55% | | | | and are sold either through silent auctions, where |
| above invoice. Manufacture's suggested retail invoice | | | | people are aloud to look at the trailer and then |
| averages 40% over the wholesale invoice. The | | | | submit their bids in an envelope or through live |
| reason for these high mark ups are that trailer and | | | | auctions where buyers bid vocally. Auctions of |
| RVs are a higher risk and carry more overhead per | | | | foreclosed trailers are advertised in newspapers or |
| unit then a car lot. | | | | other RV printed materials. |
| A typical $50,000 trailer retails for $70,000. Buying it a | | | | Auction selling prices are determined by the amount |
| year or two old from a private party seller, you | | | | of bidders present and what they are able to bid. |
| should be able to purchase the trailer for about $45K. | | | | Going often can help you understand how the |
| Buying the same trailer foreclosed at auction should | | | | process works and come out with the best deals on |
| enable you to buy it for $25K-40K. | | | | the purchase or your next foreclosed trailer. |