Tag Archives: repo RVs

used RV

Finding the Perfect Fit: How to Choose the Right Used RV for Your Needs

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Are you thinking about adding an RV to your household? More people are considering this option because it’s an affordable and convenient way to see the world. Travel costs are significantly higher today than they were even a few years ago, which means more families are looking for creative ways to explore the country on a budget. 

While buying an RV can be a cheaper way to travel, it’s certainly not cheap. RVs are an investment, with luxury models costing upwards of $750,000! However, if you’re like most people, you’re probably looking to keep things on the lower end of $10,000 to $15,000. A repossessed RV is a great way to save money while still getting a comfortable vehicle. 

Below are some tips for finding the right used RV for your needs. 

Determine Your RV Lifestyle

Before diving into the search for a used or repossessed RV, consider your lifestyle and travel plans. Are you a weekend camper seeking a smaller, more compact RV? Or are you a full-time traveler in need of a spacious, fully-equipped motorhome? Understanding your RV lifestyle will help narrow down your options and ensure that you choose an RV that fits your specific needs.

Set a Budget

Establishing a budget is essential when purchasing a used RV. Determine the maximum amount you’re willing to spend and consider other associated costs such as insurance, maintenance and campground fees. Keep in mind that older RVs may require more maintenance and repairs, so budget accordingly.

Research Different RV Types

There are several types of RVs available, each with its own advantages and considerations. Common options include motorhomes (Class A, B or C), travel trailers, fifth wheels and camper vans. 

Research the features, amenities and layouts of each type to determine which one best suits your travel style, preferences and the number of occupants. RepoFinder.com has a wide selection of different RVs, and inventory is updated regularly! 

Inspect the RV

When evaluating a used RV, it’s important to thoroughly inspect both the interior and exterior. Look for signs of water damage, check the condition of the tires, inspect the electrical and plumbing systems and ensure all appliances are in working order. 

If you’re unsure about conducting a comprehensive inspection, consider hiring a professional RV inspector to assess the vehicle’s condition.

Consider Floor Plan and Amenities

The floor plan and amenities of an RV significantly impact your comfort and convenience. Assess the layout of the RV to ensure it meets your specific requirements. Consider factors such as sleeping arrangements, kitchen facilities, bathroom size, storage space and entertainment options. Visualize yourself using the RV and determine if the layout and amenities align with your needs.

Check Maintenance and Service Records

You won’t be able to request maintenance and service records if the car was repossessed. However, you can learn a lot about a vehicle’s history by searching the VIN number. For a low cost, you can get information on accidents, title information, mileage and sales records. Used RVs sold at a dealership will have this information as well. 

Take a Test Drive

If possible, take the RV for a test drive to evaluate its performance on the road. Pay attention to the engine’s responsiveness, braking system, steering and overall driving experience. Testing the RV will give you a better understanding of its handling capabilities and allow you to make an informed decision. If you can’t test drive the RV, at least have it inspected by a qualified professional. 

Consider RV-Specific Features

RV-specific features can greatly enhance your travel experience. Look for features such as slide-outs (expandable sections that increase interior space), leveling systems, generators, solar panels, air conditioning and heating systems. These features can make your RV more comfortable and convenient, especially during extended trips.

Start Your Summer Off Right! Find a Repossessed RV Today! 

Choosing the right used RV requires careful consideration of your travel needs, budget and personal preferences. RepoFinder.com offers a directory of links to financial institutions that are selling their repo inventory. They are highly motivated and often willing to negotiate lower prices. Learn more today! 

RV camper

Why Used RVs are Better Than New RVs

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The cost of everything these days is skyrocketing, and vacations are no exception. According to this article, a domestic one-week vacation for one person costs an average of $1,573. This means that for a family of four, the cost of a vacation would be close to $6,500. If you’re looking for a cheaper way to travel while still seeing the world, you may want to consider an RV. 

RV travel is certainly not free, but it is cheaper. There are no hotels, no airfares and few restaurant meals. You also have plenty of flexibility – you can change direction on a whim or stay longer at a destination if you like what you see. Additional perks include being able to take everything with you and having the option to bring your pet. 

To save money and ease into RV traveling, it’s best to buy something used. Here are the top reasons why used RVs are better than new RVs. 

Save Money Upfront 

The biggest benefit of buying a used RV is the savings. Older models of RVs even have lower insurance costs, too. Shop around at places like RepoFinder.com to see what’s available in your area. If the RV needs some work, you can put the money you saved into renovating the interior.

Wider Range of Choices 

Once you start looking at used RVs, you’ll come across a lot of models that are a few years old and older. Many owners trade-in or sell their campers after a couple of years, so this leaves plenty of like-new inventory waiting for new owners. And with depreciation around 20% in the first year or two, you’ll pay much less for these RVs.

More Design Options

In addition to a wider range of inventory, you’ll also find that there are many unique design options to choose from. For example, you might prefer a nostalgic floor plan and design with a vintage camper, or you can choose something trendy and modern from a couple of years ago. The floor plans and designs on RVs are always changing! 

DIY Flexibility

Rather than paying through the nose for a new camper with all the features you want, you can buy something used and renovate the inside. Get exactly what you want for a fraction of the price, such as new flooring, fixtures and paint. There’s plenty of great design ideas online that will help you maximize your space. 

Good Resale Value 

If you decide that owning a camper isn’t your thing, you won’t have buyer’s remorse with a used RV like you would with a new RV. The biggest depreciation happens in the first year or two, so you’re already past this. As long as your camper has been well-maintained, you should be able to sell it for close to what you paid. 

Shopping around for a new camper? RepoFinder.com has a huge inventory of RVs that will be perfect for summer travels! Shop with us today! 

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! 

parked RV

Summer Plans Canceled Due to Coronavirus? Buy an RV and See the World Anyway!

With coronavirus cases still on the rise and many large events cancelled for the summer, you might be wondering how you can still give your family a proper vacation. While you may not be able to visit some of your favorite vacation spots, there is one thing that is safe and affordable – traveling in an RV! 

For someone who loves to travel, owning an RV is a great way to see the world while taking the comforts of home with you. You can plan a vacation with plenty of things to do and see while staying safe in your own motorhome. Bring the kids – bring the pets – here are the benefits of buying a bank-owned RV for your summer travels. 

Comfort and Privacy that Rivals Home 

One of the biggest perks of owning an RV is that you get to travel in comfort and style. No hotel rooms, noisy neighbors or bed bugs to worry about. An RV has everything you need to feel at home while on the road – a kitchen, a bathroom and a place to sleep and relax. You can stock the RV with your favorite things instead of trying to fill travel-sized bottles to bring on the plane. 

No Lost Luggage, Baggage Fees, Etc.

Another perk to traveling in an RV is that you don’t have to deal with any of the nuisances of traveling by plane. There’s no risk of losing your luggage or having to pay pesky baggage fees. You also don’t have to carry your luggage around a busy airport or resort. You can pile everything up in the RV and have your stuff accessible at all times. 

Freedom to Follow Your Own Schedule

Running late? Need to make an extra stop? No problem! When you see the world in an RV, you’re in charge. You don’t have to build your travels around plane departure times – or any public transportation for that matter. Take one day at a time and according to the mood you’re in. You can spend a relaxing day at the beach one day and hike through a national park the next. 

Bond with Your Family 

Many families feel that they’re able to bond well on an RV trip. You’re not sharing transportation with strangers, so you can talk, sing, tell stories, etc. while traveling. You can also see and do a wide variety of things, such as visiting museums, hiking mountains, roasting marshmallows over a bonfire and so much more. The relaxed vibe an RV trip offers also presents more opportunities for family bonding

Convenient and Affordable 

Traveling in an RV is also convenient and affordable. You can pack your own food and beverages instead of having to eat all of your meals out. You’re able to sleep in the camper for free instead of paying inflated hotel rates. You also have the flexibility to see and do what you want rather than being limited to the activities on a resort. 

The best way to save money on an RV is by shopping at RepoFinder.com. We have a great selection of pre-owned recreational vehicles that are waiting for you! A fun and relaxing summer vacation is still within reach – shop with RepoFinder today! 

mechanic checking a vehicle

How to Get a Pre-Purchase Inspection for an Out-of-State Repo

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Unlike new and used vehicle purchases from a dealership, repos are sold “as-is.” This means that you buy the car in its current condition with no option for a refund. In return for an “as-is” sale, you get a vehicle at a highly discounted price. Inspecting the repo ensures you bring home a safe and reliable car that may only require cosmetic improvements or minor repairs.

But, what happens if you find a car that you love but in a different state? This is common with repos as inventory can be limited. Below are some tips on how to get a pre-purchase inspection for an out-of-state repo. 

Gather information on the vehicle 

When you use a repo finder tool like RepoFinder.com, you can shop for repos by state. So, let’s say that you broaden your search and find a repo a couple of states over. The first thing to do is let the seller know that you are interested. There’s usually a Contact button that allows you to contact the seller. They may even be able to give you more information about the car’s condition. 

Inspect the online photos 

Take a close look at the photos available online. You can learn a lot from online auction photos, such as the condition of the interior and exterior, frame damage and wheel misalingment. Having lots of pictures is a good indication that the car is in fair shape. If you’re having trouble getting photos, it may mean that the seller is trying to hide damage. 

Send out a local mechanic 

If everything looks good so far, send out a mechanic who can assess the vehicle for you. Here is a great resource from the IAA that lists qualified companies that provide vehicle inspection services. Find an inspection company in the state the vehicle is in and ask about their availability. 

Notify the seller

Let the seller know that you plan to have the vehicle inspected. Coordinate with the seller and the vehicle inspection service to place an appointment. It’s possible that the two parties can talk to each other to figure out a good time, but this rarely happens. Instead, expect to schedule this appointment on your own after speaking to both parties.

Get the results

Because this is a repo sale, the seller may not bring it to a mechanic. You’ll most likely count on the mechanic to travel to the site on their own time. So, expect to pay around $250 or more for this. Once the mechanic has checked everything, they will give you an update over the phone. Mechanics don’t always catch everything, but at least you’ll have a pretty good idea if the car is worth buying or not.

Out-of-state repos are definitely more of a hassle than in-state ones, but sometimes people can’t find what they’re looking for unless they expand their reach. For a complete list of repo cars, trucks and recreational vehicles in or around your area, visit RepoFinder.com

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!