Category Archives: Repo RVs

Repo RVs

Planning a Spring Break Trip? Buy an RV!

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Spring break is right around the corner, which means you’re probably making plans for things to do. Many people are still uncomfortable to take an airplane because of the coronavirus. Others don’t want to sit on a plane for several hours wearing a mask. If you agree but still want to take your family on a fun vacation, consider buying an RV! 

By traveling with an RV, you can take a comfortable, COVID-responsible getaway. Here are a few reasons why a camper is your new best friend for spring break! 

Enjoy Easy Packing 

When you fly somewhere on vacation, you have to pack carefully. Most airlines charge for bags, so if you’re like most people, you try to stuff everything into a single suitcase. This means folding clothes tightly, remembering all of the random toiletries you need and deciding on which shoes to bring. 

Packing for an RV trip is much easier. You’ll still have to bring along clothes, toiletries and shoes, but you’ll have a lot more space and you don’t have to worry about checking your bags. And, if you do happen to forget a toiletry item, it’s not the end of the world. You can stop at any store along your route! 

Bring Along Your Pet 

Another great benefit to buying an RV for spring break is that you can take your furry friends along. It’s a big hassle for people to leave their pets, hire someone to look over them or pay the high price of boarding. But you can easily take your pet along with you when you travel by RV. This is especially helpful if you adopted a pet during COVID and aren’t comfortable leaving them alone just yet. 

Have Control Over Your Trip 

Traveling by RV grants you a world of opportunities. You don’t have to worry about rushing around an airport, navigating long lines, renting a car or paying for a taxi, etc. With an RV you can leave when you want, take breaks when you’re tired and have control over your schedule. 

An RV vacation offers plenty of time to rest and relax, catch some rays and visit new places. You don’t have to feel rushed. And when you arrive at the campground, you can spend lots of time outdoors in nature. Reservations and cancellations aren’t usually a problem either. 

Save Money 

Generally speaking, it’s cheaper to take an RV vacation. You don’t have to pay for airfare or to check your bags. You can sleep in the RV instead of renting a hotel room. A lot of the activities you can do are free or low cost, such as hiking trails, bird watching or going to a beach.

Another benefit to camping in an RV is that you can make a lot of your meals. Pack along snacks for breakfast, make sandwiches for lunch and roast hot dogs and s’mores over the fire for dinner and dessert. 

Shop for Affordable Repo RVs Today 

The best way to shop for affordable RVs for spring break is with RepoFinder.com. We have a huge selection of repossessed RVs that are being sold by banks, lenders and credit unions. They’re often in great condition and only require a bit of TLC to get them looking like new again. And once you make the investment, you can take RV trips whenever you want! 

driving in RV reading a map

Renting vs Buying an RV: Which is Better?

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Coronavirus is changing the way people travel. Rather than risking exposure to the virus, more people are choosing to skip the flights and hotels and travel by RV instead. If you’re thinking about taking your own getaway with a camper, you might be wondering if it’s better to rent or buy one. Below we’ll cover the pros and cons to renting and buying an RV so that you can determine what is best for you and your family! 

Cost 

Cost is one of the main reasons why renting makes sense for a lot of people. On average, RV users only use their campers a few times a year, if that. If you don’t want to be making payments every month on something you won’t be using, renting is your best option. 

However, if you plan on using your RV more frequently, it may be worth buying. Renting an RV still costs hundreds of dollars every night. Plus, there are hidden costs like cleaning fees, setup fees, gas, mileage, etc. Owning an RV can definitely pay off in the long run. 

Storage 

Another key reason why people prefer to rent is because of the storage. If you own your RV, you’ll have to park it on your driveway or pay for RV storage. Some people don’t want to be bothered with this step, especially if they don’t have a large driveway or extra cash to spend on storage fees. That said, if you have the room to store an RV, it won’t be a problem to own one!

Maintenance 

Like other vehicles, RVs do require maintenance. If you’re renting, you don’t have to worry about this upkeep. You can use the RV and return it when you’re done! As an RV owner, however, you’re responsible for the maintenance. It can be expensive, but when you consider the money you’ll save on flights, hotels, etc., it’s probably worth it! 

Lifestyle 

Now let’s shift our focus onto the huge perk to owning an RV – a fun lifestyle! When you don’t have to go through the hassle of renting a camper and paying the fees, you’ll be more likely to jump in your RV whenever you want. You can take it camping every weekend, travel extensively, visit out-of-state relatives and even live in it short term! 

Comfort 

Owning your RV also allows you to create a home away from home. You can pick out the features you want and upgrade the RV as you’d like. Today’s RVs are better than ever with features like dedicated office spaces, recessed lighting, hardwood flooring, walk-in closets, pull-out pantries and more. Design and decorate your RV so that you never have to feel like you’re away from home. 

Buy a Cheap Used RV 

Renting an RV is a wonderful way to see the world without having to worry about storage, upkeep and maintenance. But if you’re an avid traveler who plans on using your camper often, owning will serve you well. To save money, browse the repossessed RV inventory available on RepoFinder.com. You can find a great selection of RVs that are in good repair and free of water damage. They may be the ticket to owning your own RV! 

RV sitting on campground

Can You Really Save Thousands on a Bank Repo RV?

Are you drawn to RV living? You certainly aren’t alone. The RV industry has seen tremendous growth over the years because it’s an affordable way to see the country. Plus, if you’re handy, you can purchase an inexpensive bank repo RV and transform it into a classy and cozy home for you and your family. 

So, can you really save thousands by choosing a bank repo RV? The short answer – yes. In order to save as much money as possible, it’s important to know what to look for. Below are some tips for saving thousands of dollars on your next RV purchase. 

Lenders Have the Lowest Prices  

Start with lenders and find out how they manage their repossessions. This is better than searching online for repo RVs, as you’re more likely to come across dealerships selling them than lenders and credit unions. While there’s nothing wrong with buying a previous repo from a dealership, you will pay a lot more for it. For the best deals, stick to lenders, banks and credit unions in your area. Find a full list on RepoFinder.com

Negotiate with the Banks 

Banks and lenders will try to get what they can for repossessions, so they may be willing to go below the listing price. The only way you’ll know is by asking. Sometimes, the listing will say, “Prices negotiable. All reasonable offers considered.” Other times, it won’t be as clear. You don’t want a low-ball offer to prevent you from getting the RV, so arm yourself with solid information, make a compelling offer and have a counteroffer. 

Choose RVs with Good Resale Value 

Now, this is a bit of a personal suggestion. If you don’t mind these smells, you may not mind taking on an RV that has them. However, RVs that have strong pet or cigarette odors were probably used for long-term living, and it may be difficult to get the smell out. Plus, if you choose to sell the RV in the future, you may have a hard time doing so. Air out the RV for a few minutes during the inspection to see if it helps the problem. 

Always Inspect the RV Before Buying 

As with any repo purchase, we always recommend that buyers inspect the vehicle. On an RV, you should inspect the brakes, engine and radiator, as well as look for signs of leaks. As you know, there is more to RVs than the vehicle side. You’ll also need to inspect the toilets, showers, windows, awning, lighting, power ports and so on. Here’s a great article to refer to. 

For a full list of bank repo RVs in your state, visit RepoFinder.com.

repossessed used RV

Repossessed RVs: How to Spot a Great Deal

Are you interested in buying a recreational vehicle (RV), but you don’t want to spend a fortune? A great option is a foreclosed RV, which is an RV that has been repossessed by the creditor after the buyer failed to make their payments. In order to recoup their losses, the creditors sell these vehicles at a discounted rate. Their loss is your gain. The price of the repo depends on a number of factors, but some people are able to purchase a good quality RV for half the retail price.

To ensure you are getting a good RV at a good price, it’s important to do your research, know what you are buying and know who you are buying from. Once you walk away with a repo, it’s yours, so you want to know what you’re taking home. 

Below are some helpful tips for picking out a great RV. To browse the inventory of recreational vehicles from creditors in your state, visit RepoFinder.com

Buy Direct from a Lender

If you do a quick search of repo RVs, you’ll come across dozens of listings. Be careful, as the majority probably aren’t real repos. Instead, they are dealerships disguising themselves as repo auctions to sell used and new RVs.

In other cases, the dealerships acquire repo RV inventory and provide repairs on them. However, they add their markup, so you’re not paying any less than you would for another used vehicle. Your best bet is to go directly to the source – creditors, banks and lenders in your area. RepoFinder.com has everything sorted by state. 

Identify a Good Deal 

It’s exciting to be buying a new RV for your road trips and excursions, but don’t let this override a rational decision. Just because you see a decent looking RV at a good price doesn’t mean it’s worth it. Here are a few ways to identify a good value. 

  • Pick the right seller 
  • Research the RV market 
  • Find out the fair market value 
  • Inspect the RV 
  • Place your bid 

Considerations to Make 

Repo RVs can be a great buy, but you do have to keep a few things in mind. For instance, if you’re in a time crunch, we do not recommend buying a repossessed RV. Finding a good RV takes time, and you have to be prepared to do your research, inspect the vehicles and place a bid (that you may or may not win). 

Second, you should always inspect the RV. It’s likely that you’ll find one that isn’t nearby, so you’ll need to drive out to that location and decide if you want to place a bid. If you don’t know a lot about RVs, you’ll have to pay to have it inspected and possibly delivered to your home

Lastly, anticipate some maintenance or repair costs. While you can find repo RVs in great shape, many have not been taken care of by their owners. Be sure that you have enough room in your budget to pay for these repairs. If the RV is newer, find out if it still has its warranty. This can give you some added peace of mind. 

If you’re looking for a repo RV from a reputable creditor, check out RepoFinder.com. Inventory changes frequently, so be patient and check back often!