by The Great Outdoors RV | Jul 12, 2021 | Blog | 0 comments
You may have already chosen the type of motorhome that best meets your needs after examining the various types of recreational vehicles available (travel trailer, fifth wheel, motorhome). But there’s one more key thing to consider as you begin your search: whether or not you should find new motorhomes for sale or buy used.
PROS OF BUYING A NEW MOTORHOME
Purchasing a new RV is similar to purchasing a new car. It smells good, it’s clean, everything appears to be in good working order, no one has driven it, and there are virtually no miles on the odometer. What other benefits are there to buying new?
WARRANTY
A warranty is included with a new RV. For about one to two years, the manufacturer will typically fix anything that goes wrong. However, do your homework on which manufacturers provide quick and attentive service as well as what is covered and what could void the warranty.
MANUFACTURER SUPPORT
One factor to consider is the ease with which you can obtain parts or perform repairs on the RV. Parts for older used RVs can be difficult to come by in some circumstances. For example, the unit’s manufacturer may be no longer in business, making it a challenging search. It might be quite tough to fix things when they go wrong which could delay an upcoming trip or cost you a fortune.
FINANCING
There are a few things to keep in mind if you plan to secure a loan to buy your RV. When you buy a new RV, you’ll usually be able to get better credit terms. When buying new, you can generally get a lower loan rate, a lesser down payment, and a variety of term length options.
OPTIONS AND RENOVATIONS
When you’re looking for new motorhomes for sale, you’re probably thinking about what kind of floor plan and layout you’ll need. When you buy something new, you have the most alternatives and choices. If you go to your local dealer or an RV expo, you’ll discover hundreds of options to choose from so you get exactly what you want.
You probably don’t want to start tearing stuff out and modifying the area if you just bought a new RV. The majority of people who buy new do so because they don’t want to have to bother updating or repairing anything which may not be the case if you purchase a used RV. Many people would rather spend their time on the road than making repairs.
LONG TERM OWNERSHIP
If you intend to maintain the RV for a long time, you might consider purchasing a brand new one so you can plan on keeping it for many years. If this is the case, you may not be concerned about depreciation because you have no plans to sell it anytime soon.
CONS OF BUYING A NEW MOTORHOME
HIGHER SALE PRICE
After finding a new motorhome for sale that you would like to purchase, price is a huge factor to consider. When you buy new, you may receive better loan and interest rates and be required to make a smaller down payment, but the final price tag of a new motorhome can be hefty. The purchase of any motorhome can be a big financial decision.
DEPRECIATION
Like a new vehicle, once you drive off the lot, it immediately loses some of its value. So if you plan to only own the motorhome for a year or two, you may want to consider purchasing a used motorhome that can be sold for roughly the same price as it was when you bought it.
NEW MOTORHOMES FOR SALE
If you’re looking for new motorhomes for sale, The Great Outdoors RV Co. is an RV and motorhome dealer that serves the local and surrounding Colorado areas with a comprehensive range of RV sales and services. From travel trailers, toy haulers, and fifth-wheel campers to motorhomes, bunkhouse trailers, and pop-ups, our RV and motorhome experts are ready to assist you in finding the right RV for your needs. Visit our website to browse our full selection of new and used RVs!
