I would not like to buy a new RV if I could buy a used one for a lot less. But there is more to consider than just the price when you are buying a used RV instead of a new one. The first thing is depreciation. If you’re buying a new RV, you can expect it to lose up to 50% of its value in the first three years. If you buy an RV that is already three years old, it won’t even lose 50% of its original value over the course of the next 10 years. By far, this makes buying a used RV a better deal.
The second reason why used RVs are better, is because they are more affordable. This means that if you buy an RV that is a few years old, you can typically buy a bigger RV or one that has more options than you would be able to afford if you bought it new. The third reason why buying a used RV is a great idea, is because when you buy a used RV you can probably afford to pay cash for it. Paying cash is a big advantage over having to finance your RV. When you finance it, you never really own it, and if you fall behind on your payments or miss a payment or two, you can have your RV repossessed. And this is not a lot of fun.
Before you buy a used RV, it would be a good idea to determine what the approximate value of it is. If you are buying from private party, you can use an online value guide to help you determine what the used value is. A lot of people search for Kelley blue book boats and used RVs for sale by owner by using the NADA guide to help them determine what the approximate value of their used RV is.