So you’ve decided to take the plunge and purchase a motorhome. That’s terrific!
But the big question now is, of all the different types of RVs and campers available, should you purchase a new or used motorhome? Of course cost can be a large factor.
Photo by Vidar Nordli-Mathisen on Unsplash
If you’re on a budget, you may be able to purchase a higher quality Class A Motorized for the same money you would pay for a brand new Class C Motorized with fewer amenities.
Another question to ask is how often do you plan to use the motorhome? If you’re only going to use it a few weeks per year, a used vehicle could certainly be a good option. If you’re planning to be a full time road traveler, a brand new model with a full warrantee may be a better purchase.
How long do you plan to keep the motorhome? Will this be a short-term purchase or are you planning to upgrade within the next year or two? If this is going to be a long-term purchase, you may wish to invest in a new vehicle. This is because the value of RVs tend to depreciate quickly over the first few years. Therefore their trade-in value significantly diminishes over a short period of time.
Another consideration is financing options; lending institutions usually offer longer terms and lower rates for new vehicles as opposed to used vehicles. If you are going to take out a loan, this is definitely something to think about.
Whether you purchase a brand new Coachman, a used Gulf Stream or decide to buy a 5th wheel RV, travel trailer or folding camping trailer, make sure you do your research to ensure you make the right decision.
