You and your family made the exciting decision to embark on the RV lifestyle, and that’s great! Maybe you’ve already decided what kind of RV you want – but one question remains. What’s best for you, a new or pre-owned model?
Remember the Basics
Before you dive into the details, it’s crucial to understand the basics of what new and pre-owned RVs entail.
You might want to invest in a new RV if:
- You’re willing to pay more (and possibly wait) for the latest models.
- You have a specific list of features in mind.
- You value a factory warranty.
- You don’t want to worry about hidden maintenance costs or repair problems.
You might want to invest in a pre-owned RV if:
- You want to pay a lower upfront price.
- You care about your RV keeping more of its resale value as time passes.
- You’re looking for lower insurance rates and/or registration costs.
- You are willing to hire an inspector before you purchase.
Should I Buy A New RV?
New RVs have some great features and seemingly endless amenities but, while there are plenty of pros, there are some cons as well.
Pros of Purchasing a New RV
Updated Technology
The technology of new RVs will always be better than the generation prior. If you’re not interested in doing upgrades anytime soon, this is probably at the top of your priority list.
Clean and Fresh
It goes without saying that a new RV has never had someone traveling in it before you and your family. So, it’ll be a clean, blank slate for you to start in (with no impossible stains or suspicious smells).
Customizing Options
A new RV means the ability to choose between different floor plans, interior decor options, color schemes of the exterior, appliances, and much more. All the details, big and small, are yours to choose.
Fuel Efficiency
New RVs are typically more fuel efficient thanks to advancements in engine technology. If you’re planning on living in your RV or taking months-long trips, fuel efficiency is key.
Warranties
New RVs come with a variety of warranties that provide financial coverage if things go wrong. Even though your RV won’t call for major repairs right away (hopefully not for a while), warranties cover smaller things like carpet, appliances, electronics, and more.
Cons of Purchasing a New RV
Higher Upfront Cost
This is probably the most notable con for most people, and there’s no denying that a new RV costs considerably more than its pre-owned counterpart. To purchase, most people need to take out a loan and/or make a large down payment. Along with upfront cost, you’ll also find higher insurance premiums for new models.
Smaller Selection
The selection of new RVs is limited to what’s currently on the market. After all, new models can only be released so quickly! So, if you have a specific, unique look in mind, you might not find it right away.
Should I Buy a Used RV?
While we love pre-owned RVs for a whole lot of reasons, we understand that they’re not for everyone. Just like new models, they come with their own list of pros and cons.
Pros of Purchasing a Pre-Owned RV
Lower Upfront Cost
Pre-owned RVs are less expensive, which means you can start your newfound journey without so much financial stress on your shoulders. That lower price goes beyond the upfront cost; insurance premiums are typically lower for pre-owned models as well.
Slower Depreciation
While pre-owned models still depreciate, they don’t do so as quickly as new models. In most cases, pre-owned RVs have already gone through the biggest depreciation leap that they’ll experience by the time you purchase.
More Options Available
There is a much broader selection of pre-owned RVs than there are new RVs. If you’re looking for something in a specific style, something vintage, or a unique model, you’re likely to find a used version more quickly than you would one that’s new.
Proven Track Record
When you buy a pre-owned RV, you have full access to its track record on the road, including history and reviews from past owners. They’ll let you know about any issues to keep an eye out for, which can be a big help when it’s time to decide whether or not to invest.
Upgrades in Place
In many cases, past owners will have added upgrades to pre-owned RVs like solar panels, new TVs, kitchen storage, and more. These upgrades are a bonus with no added work for you.
Cons of Purchasing a Pre-Owned RV
Maintenance Cost Over Time
As a pre-owned RV gets up there in age, more and more repairs will inevitably be needed. This could rack up the cost and end up overshadowing what you saved when you initially purchased it.
Limited Warranty
Some pre-owned options might still have their warranty from initial purchase but, in most cases, that warranty will have expired by the time you buy. No warranty means you pay for repair costs out of pocket.
Outdated Technology
While upgrading is important to some RV owners, others don’t place it high on their list of priorities, which means that not every pre-owned model has customized and updated technology.
New or Pre-Owned; Which Is Right?
Being that both new and pre-owned RVs have great advantages, there’s no wrong choice when it comes to investing in your future. It’s all about making a decision that makes sense for you and your family.
Our experts at RV Dynasty can help. We have a huge selection of new RVs and pre-owned models just waiting for you to come take a look at them. Get in touch with us or stop by today – we’re located at 10001 S US Highway 31 Bunker Hill, IN 46914, and we can’t wait to see you!
