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jmackin93's avatar
jmackin93
Explorer
Dec 22, 2014

First RV for full timing: Used or New?

Hey everyone, I'm new here and I'm soon to be new to the Full time RV lifestyle as well, and I was hoping to get some advice from some experienced Full timers.

First for a little background, I'm 21 years old, and I'm in that phase where I'm looking to move out of the parents home and stand on my own two feet. I currently have a job that pays decent, but isn't portable at the moment. I've been decently smart with my money and I have 25,000 dollars in the bank to start my life. I'm looking into Class B/C motor-homes, and my "Dream" motor-home would be a Leasure Travel Unity Murphy Bed, however I know my first RV might not be my dream one and I'm content with that. One more bit of background information before my question, and that is I am VERY anti-debt. I hate oweing money to anyone. I don't even own a credit card because I can't stress how much I despise the idea of debt. This is actually one of the hugest contributors to why I want to live in an RV. Even the smallest houses I can find are just way to big for me, and I don't feel like slaving away for the banks for 30 years with a mortgage.

Ok so onto my big question, for my very first RV should I look for used or new? Obviously if I'm looking for a new RV, I'm going to have to take on some debt which again is something I just loathe, and at first I was dead set on buying a used one. However, while I've read several books, follow many bloggers/youtubers on the subject of RV's, I don't have the actual experience of owning an RV, and I'm afraid if I buy used I might overlook some issues that can end up costing big in the long run. I'm going to be shopping by myself as I don't have an experienced RV friend to shop with, so I know dealerships are going to see that and try and exploit my inexperience.

Some of the used RV's I think are good for me are in the 20,000 range, which means I could flat out pay my RV down in cash, and not have to worry about that huge debt, but I fear that for RV's to be that cheap they must have problems that I'm probably not going to recognize until its too late. Buying new would be more towards the 100,000 price tag, and even if I put down every dollar I own as a down payment, debt is still going to be a real factor. However buying new seems like its a safer bet for a new RVer since I know from day 1 everything is going to work fine, and I can learn how to tackle problems as they appear. I know I've done everything I can to educate myself on the lifestyle, but no amount of reading can really compete with real experiences.

As for the job situation, I plan to not do much moving for a while, until I find a way to make money on the road. But once I do, I do plan to travel as often as budget will allow. That seems like a factor that favors buying New over Used.


So what do you guys think? Should a new Full Timer who has a decent financial start, and really wants to stay out of debt buy used or new?

29 Replies

  • If you can afford it, RENT a unit for a few weeks, to a month, see how you like it, size, amenities, ETC. Then rent another larger or smaller one, do the same thing, compare notes. YOU WILL NEVER FIND THE IDEAL UNIT. All have strong points, and weak points, Just as your house has. If you can, go to one of the larger RV shows, that way you will have an idea as to what direction, in size and options you require.
    But renting a unit is cheeper than buying, then trying to sell it as you change your needs. We all have moved up or down in RV units and sizes.
  • Obviously you should purchase used. I wouldn't limit my search to local RV dealers. I would check Craig's List also.

    You should probably decide on a couple different models that work for you and concentrate on finding a used one of those.
  • Hi,

    Welcome to the forums.

    Living in an RV may be more expensive than an apartment.

    Do not even consider a new RV. The makers seem to be in a race to get to the bottom of the barrel as far as quality goes. Almost all new RV's require repairs.

    If possible, dip your toes in the water by renting an RV for at least a month. You may find it is not your cup of tea.

    Where I live, renting a spot on a monthly basis costs $800. In winter time there is no other facility open.

    If you do decide to buy an RV there are three things to look for.

    1. look for any water damage
    2. look harder for any water leaks
    3. examine every possible location for water intrusion.
  • Here is my advice that will pay off handsomely years from now and you will regret not following it:

    1. A RV is not meant for full time stationary living. You will find it will depreciate and deteriorate at a rate much greater than anticipated. Monthly out of pocket living expenses will be greater than any other housing because utility costs will be greater because of energy inefficiency and monthly lot rent will always be an increasing amount with inflation and demand.

    2.While most debt is dumb, some debt can be good. The real estate market in your area is still depressed, and interest rates are currently at historic lows. Now is a great time (probably the best ever) to purchase a single family home. Even with a 15 year mortgage, you can find quite affordable homes that will be in nice areas. As you grow in your career and your income increases, make extra principle payments on your mortgage, and in less than those 15 years, even 5 to 10 years, you will have a paid for house that certainly has increased in value.

    THAT IS HOW YOU GROW YOUR NET WORTH.
  • Find an RV mentor. Get a Cash rewards credit card and pay the balance off every month. You'll need it (CC) somewhere. I'm getting ready to cash in my $400.00 in rewards this year only. Debt free as well.
  • WOW!!!!! get it out of your head that things are going to work well IF you get a new RV.
  • Start out slow buy used after educating yourself about used prices. you should be able to save serious money if you take your time. I and some friends have bought late model campers for half the cost of new by biding our time. Also you might not even like what you buy the first time. Most folks trade for something they like better after a short time and depreciation is a real bear on new units.
  • If you aren't going to do much moving, you first need to find a place to park it. Is that going to cost more monthly than a cheap apartment? If not, you can start looking for a rig.

    Honestly, since you don't plan on moving it, the most cost effective path is to buy a small travel trailer and a vehicle to pull it. Being 21, the insurance on motor vehicles is going to be high; having two to pay for will be very expensive (your daily driver and your rig). The insurance on a trailer is a lot cheaper as it doesn't have an engine. The maintenance on a trailer will also be a lot less. You can buy new trailers for as low as $12K; you can buy used ones for as low as $500.

    With the money you save over the year on insurance, maintenance, and the initial purchase, you would be able to buy something better. Or, you may discover the life isn't for you. Or you may figure out that your needs and wants are different from what you expected and you won't have sunk all your funds into something you no longer want.
  • Welcome! And good luck with whatever you choose! Know that you are bound to make some mistakes with choices, everyone does. Let it roll. My first big thing would be the depreciation from the purchase of a new RV. That, if nothing else would lead my to advise a used one, nicely maintained. It would be good if you could find something owned by someone you know. As you said, your first one will probably not be the dream home. Look for any signs of water infiltration, anywhere in the rig. The roof seems to show first, around the A/C, around vents, and corners are usually the first places to leak. If you can get on the roof safely, look closely at all the seams. Cracks are inevitable, but they should show evidence of being sealed. Test all systems, fresh water, waste water (black & grey), 12V, 120V, heat, refrigerator, A/C, and outlets. Look closely inside around doors and windows for cracks, unsealed air leakage, or water entry. Check under sinks for signs of current or past leaks, and behind the shower (if available) and commode. As I said, good luck and happy camping!