Used vs. New:
Most people recommend going with a used first because it's less of an investment. That way, if you decide you don't like RVs, or your RV choice wasn't what you really want, you won't have put in a lot of money that gets lost in depreciation, etc.
But, that depends on how you purchase big ticket items. I am a long-time thinker, quick buyer. I spend months to years looking at options, debating, evaluating, etc. By the time I'm ready to purchase, I know exactly what I want and need. I consider longterm concerns (kids aging out of the house, etc.), so I plan for those in my choice. I also focus on MY needs first - I don't buy something that will fit best for a grandchild who will travel with me for 1 trip out of 20, etc.
Another thing to consider is how comfortable you are with handling RV system issues on your own (or paying for someone to do them). Can you do basic plumbing, electrical, woodworking? If so, then a used RV would be much less expensive as you can fix many things yourself. If you have never touched a screwdriver, have the maintenance man change your light bulbs, etc., then a new rig will provide a warranty for you to get most things fixed for you.
The other major factor between new and used is your personal finance situation and comfort zone.
First, you need to set aside monthly funds to USE the RV. This is to cover things like fuel, campground fees, meals, etc. - the stuff you need when you're out playing in your RV. This is regardless of what you buy. If the purchase price and/or repair needs take all your money, then you can't use the RV that you bought. How much you need for this depends on your personal preferences - RV parks vs. public campgrounds, long distance travel vs. local camping, and so on.
Once you have that estimated, you'll know better how to handle the rest.
Most people fall into five categories:
1. You're filthy rich and money is not an issue for anything (or you have a large amount saved and a lot of disposable cash each month). Do whatever you want in this case and enjoy!
🙂2. You have a large amount saved with minimal or inconsistent disposable cash each month. Is it enough to pay cash for new AND pay for repairs when the warranty ends? If so, buying new may be the better choice. If you won't have enough saved for future repairs, then you're better off buying something used and using the difference into repairs as needed.
3. You have little savings but a large amount of disposable cash each month. This gives you more versatility. If you have enough monthly cash to make payments and repairs at the same time, then you could go either way. If not, then if you finance a new rig, you should try to keep the finance period less or equal to the warranty period - that way, when the warranty ends, you'll have the payment amount freed up to pay for repairs. If you buy used, then put the monthly payment savings away for repairs as needed.
4. You have a fair amount saved and a small but consistent amount of disposable cash each month. If you buy used within your saved amount range, then you set your disposable cash away for repairs. You may have to wait for a large repair while you put away for a few months, but you'll be able to plan things easily. (this is the path I took and it has worked out well).
5. You have little saved and little in disposable cash each month. In this case, unless you are really handy and enjoy fixing up an RV, a small basic pop-up trailer is your best best.
Looking at rvtrader, craigslist, etc. for your preferred style RV prices, new and used, will give you an idea of which category you fall into. Then you can make an informed decision for YOUR situation.
1975 American Clipper RV with Dodge 360 (photo in profile)
1998 American Clipper Fold n Roll Folding Trailer
Both born in Morgan Hill, CA to Irv Perch (Daddy of the Aristocrat trailers)