A few things...
#1. I would think the Rv would be discounted well into your price range. Call other livin lite dealers and get quotes. For reference, my new TT was an MSRP of over $30k... Sale price was $22k.
#2. Call the credit union and confirm with them that they hold the title. Ask if they have a notary there that can notarize a bill of sale. Find a generic bill of sale form online. The credit union may be able to help you with any concerns.
#3 If the savings were $4K over a new unit, I'd buy the used. $1k savings .... I'd probably just buy the new unit. That's really whatever your comfortable spending. See how much warranty is left on the unit. If there is plenty of warranty, I wouldn't worry. Another question to ask, why is the current owner selling it after barely using it? Is it because he's moving, a divorce, or because the unit has water damage... All things to consider.
#4. You'll want a brake controller but not all states require them. My state does not require a controller specifically. Most all boat tailers do not have electric brakes at all, only surge brakes, and most people rarely have problems. Since the trailer has electric and not surge brakes, a ccontrolleris needed to apply them. You would probably make it home just fine, but since you'll want a controller eventually anyways, just get that installed now and not worry later about it. A weight distribution hitch with sway control will really improve your towing experience as well, but see what Honda recommends. I would not be concerned about a break in period but consult your manual.
#5 Your Ridgeline should tow the unit fine. Sometimes this forum seems quick to denounce a tow vehicle because the GVWR. There is some truth to that, however im your case you'd literally have to more than double the dry weight of the trailer (2300lbs) to reach its GVWR(5000lbs). That's adding more than one and a quarter tons of cargo to a 14ft trailer.... Not sure you'd even be able to if you tried. You should be within your limits.
#6 You're taking great steps in asking here first, and no one should scold you or belittle you for ASKING. Not everyone is a towing expert, and knowledge is gained through questions that you're asking. Seems like some people want to make you feel bad for even asking questions. Answers to those questions are more appropriate than belittling.
#7 Have fun with the whole process! It's exciting a and fun in its own Wierd way just researching and buying. We'll need pictures of this beautiful little camper ASAP!
