Financing vs. buying older model?
In your opinion, is it better to finance a newer motorhome, or to pay cash for an older one (10 - 15 years old.) - or maybe something in between - like a heafty down payment on 6ish year old model. We...
Forum Discussion
Katie - a word of advice on buying a used RV:
Hubby and I own a small used-car lot; and as a licensed vehicle dealer, also have access to RV auctions. Yesterday I spent 5 hours watching a large RV auction in Orlando that dealers from all over the USA were attending. I was sort of stunned by the number of used-RV lots that were buying RVs that have definite things wrong with them - delaminated walls; interior water leaks; rusted-away frames, salvage titles, etc. It makes me wonder how many are simply putting "lipstick on the pig" and reselling for a tidy profit? I'll be following some of the units that were sold, to see where they end up, if at all?? (Maybe they were being parted-out to fix other RVs? Although paying a premium wholesale price for something, then hauling it back home, just for parts - doesn't exactly make sense)
I guess what I'm trying to say is that I'd feel better buying a used RV from a private owner (bringing along an RV-knowledgeable friend or mechanic), than off a used lot (Unless I either knew the dealer well, or they were backing up their unit with a warranty)
Hubby and I own a small used-car lot; and as a licensed vehicle dealer, also have access to RV auctions. Yesterday I spent 5 hours watching a large RV auction in Orlando that dealers from all over the USA were attending. I was sort of stunned by the number of used-RV lots that were buying RVs that have definite things wrong with them - delaminated walls; interior water leaks; rusted-away frames, salvage titles, etc. It makes me wonder how many are simply putting "lipstick on the pig" and reselling for a tidy profit? I'll be following some of the units that were sold, to see where they end up, if at all?? (Maybe they were being parted-out to fix other RVs? Although paying a premium wholesale price for something, then hauling it back home, just for parts - doesn't exactly make sense)
I guess what I'm trying to say is that I'd feel better buying a used RV from a private owner (bringing along an RV-knowledgeable friend or mechanic), than off a used lot (Unless I either knew the dealer well, or they were backing up their unit with a warranty)
