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How to Buy Cheap Motor homes at Auctions
Buying a motor home at a rv repo auction can be a great idea if you are looking to save 50-80% on the purchase of you next motorhome or RV. The recent economic recession has made this an even better time to buy. With unemployment on the rise, bank motorhome and RV repos have been on a steady rise for the last 2 years. As a rv buyer, this is great news for you because this makes it a great time for you to get a discount and a large selection of inventory in any price range.
Repo Auctions typically sell for much less the retail. Often these discounts can be as high as 50 to 80 percent. You can to look for and buy RVs that have no major pre-existing problems. Also avoid motorhomes that have been lived in, smoked in or have pet odors. Typically newer foreclosed motor home are better deals and many may still be covered under the original manufacturers warranty.
Repo motorhomes are sold at auctions on a regular basis, such weekly, bi- weekly, monthly or seasonally.
There are 3 places you can go to find out when and where these rv repo auctions are occurring. First, you can try asking local dealers of dealership owners. Be friendly and see how far that gets you. Second, sometimes rv auctions are advertised in rev classifieds or in local newspapers. Thirdly, you could check with banks or local credit unions. This may be a little harder either because the bank is large and you are not talking to the right person or because they have a hard time admitting they issue bad loans.
Find out as much as you can about the motor home auction before you go. Find out whether it is a live or a silent auction. Find out whether you need to preregister to bid and also find out if you need to purchase the RV with cash or if they allow you time to get financing on it. Sales are usually in 'as-is' condition.
It is very important to find out if the motor home you are bidding on is being sold with any kind of a warranty. At auctions they usually don't have warranties. Occasionally the newer motor homes will come with manufacturer's warranties and this can be a great plus.
After going to a few auctions you will have a really good idea what you want and how much you have to bid to get it. Best Luck finding the motor home you want at a price you can afford!
About the Author Spencer Arnold is an rv repo specialist. For more knowledge on buying RV Auctions come visit our site!
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