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Motor home Repo 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.
Motorhomes sold at repo auctions are typically sold at a discount, 50 to 80% below their suggested retail values. For the most part, these motorhome repos have been well maintained and are in good condition. When buying at auction, it is best to avoid buying motor homes with pre-existing problems or ones that have been lived in for a long amount of time.
Many of these motor home repo auctions occur on a regular basis.
In order to find out when and where these motor home auctions occur, the first place to check is your local newspapers and rv journals. You can also check with banks and credit unions that lend on rvs and motorhomes. Last you can ask people who regularly go to these auctions such as rv dealers and dealership owners.
Each auction has a slightly different set of rules. Try to learn what the rules ahead of time. Also learn whether it is a silent or a live auction and whether pre registration is required to bid. Also it is important to know if the rv auction must be purchased with cash or if time is allowed to get financing. Most motorhome or RVs sold at auction are sold in as-is condition.
With newer motor homes, find out if their are any existing factory warranties that can be transferred to the new buyer. Most motor home sold for cheap at auctions do not come with warranties because they are sold in as- in condition. Find out before you bid whether or not the motorhome is still under factory warranty.
We hope it won’t take you very long to find what you are looking for at the right price. Have fun bidding and best luck to you!
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