New vs Used RV Buying Guide: Making the Right Choice.

So, you’re thinking about buying an RV? Welcome to the adventure! Whether you’re dreaming of weekend getaways, full-time RV life, or anything in between, one of the first big decisions you’ll face is whether to buy a New RV vs a Used RV. 

Each option has its perks and pitfalls, and making the right choice depends on your budget, travel style, and risk tolerance.

This guide will break it all down for you: warranties, depreciation, value retention, inspections, and the differences between various classes of RVs, so you can make the best decision for your RV lifestyle.

New vs. Used RV: The Key Considerations

Depreciation: The Elephant in the Room

RVs lose value quickly, much like cars, but often even faster. Here’s a rough idea of how depreciation works:

• A new RV loses about 20-30% of its value the moment you drive it off the lot.
• Within the first 3-5 years, a new RV can lose up to 50% of its value.
• After 5+ years, depreciation slows down, and the resale value stabilizes.

If you’re planning to keep your RV for the long haul, depreciation may not matter as much. But if you think you might sell or upgrade in a few years, buying used could save you significant money.

Warranties: Peace of Mind vs. Out-of-Pocket Repairs

A brand-new RV comes with a manufacturer’s warranty, typically covering 1 year for most components and up to 3 years for structural components such as the roof or frame. This can save you thousands in repairs during the early years of ownership.

A used RV, however, may no longer be under warranty. Some higher-end models might have transferable warranties, but most will require out-of-pocket repairs. You can purchase an extended warranty, but they can be expensive and may not cover everything.

Which RVs Hold Their Value Best?

Not all RVs depreciate at the same rate. If you’re considering resale value down the line, here’s what to know:

• Class B (Camper Vans): Tend to hold their value best, especially brands such as Airstream, Winnebago, and Roadtrek.
• Airstream Travel Trailers: Airstreams are famous for their longevity and tend to hold their value better than most RVs.
• High-End Fifth Wheels: Brands like Grand Design and Brinkley hold value better than lower-end travel trailers.
• Class A & C RVs: These can depreciate fast, especially lower-end models.
• Entry-Level Travel Trailers & Fifth Wheels: These typically depreciate quickly due to lower-quality construction materials and wear over time.

What’s a Safe Age for Buying a Used RV?

Buying used is a great way to save money, but how old is too old? Here’s a general guide:

• 0-5 years old: Still relatively new, might have some factory warranty left.
• 5-10 years old: Likely out of warranty, but major issues should have already been discovered and repaired by the previous owner.
• 10-15+ years old: Can be a great deal if well-maintained, but expect more repairs. Insurance and financing may be more challenging to secure for older RVs.
• 15-20+ years old: Only recommended for DIYers or those comfortable with major renovations.

Third-Party Inspections: Why They Matter for Both New & Used RVs

You wouldn’t buy a house without an inspection, right? The same should apply to an RV.

• New RVs: Believe it or not, new RVs can have problems out of the factory, including bad wiring, plumbing leaks, or shoddy craftsmanship. A professional inspection before finalizing the purchase can catch these issues early.
• Used RVs: A third-party inspection is critical when buying used. It can reveal hidden water damage, roof issues, delamination, and other expensive problems that may not be visible during a casual walk-through.

New vs. Used: Pros and Cons

Pros of Buying a New RV

✅ Comes with a warranty
✅ No previous wear and tear or hidden damage
✅ Latest technology, layouts, and safety features
✅ Easier to finance with better interest rates
✅ Full manufacturer support for repairs and issues

Cons of Buying a New RV

❌ Depreciates quickly
❌ Higher purchase price
❌ Potential for factory defects (yes, even new RVs can have problems)
❌ Sales tax and registration fees can be higher

Pros of Buying a Used RV

✅ Avoids the steepest depreciation
✅ Lower overall cost
✅ Many initial kinks and manufacturer defects have already been addressed
✅ Can get higher-end models for a lower price

Cons of Buying a Used RV

❌ No (or limited) warranty
❌ Potential for hidden maintenance issues
❌ May require upgrades or renovations
❌ Higher loan interest rates

Insurance: What You Need to Know

Insurance is another major factor to consider when purchasing an RV. Coverage and costs vary depending on whether you’re buying new or used and how you plan to use your RV.

Types of RV Insurance Coverage:

• Liability Insurance: Required by law if you’re driving a motorhome (Class A, B, or C). Covers damages to others in an accident.
• Comprehensive & Collision: Covers damage to your RV from accidents, weather events, theft, or vandalism.
• Full-Timer’s Insurance: If you live in your RV full-time, you’ll need a policy similar to homeowners’ insurance.
• Vacation Liability Coverage: If you park your RV at a campsite, this covers incidents that occur while it’s stationary.
• Personal Belongings Coverage: Protects items inside your RV, such as electronics, clothing, and appliances.
• Roadside Assistance & Emergency Expense Coverage: Can help cover towing, repairs, and temporary lodging if your RV breaks down.

Factors Affecting RV Insurance Costs:

• New vs. Used: A new RV typically costs more to insure due to its higher value.
• RV Type: Class A motorhomes cost more to insure than smaller Class B or C RVs or travel trailers.
• Usage: If you live in your RV full-time, expect higher premiums compared to occasional use.
• Driving History: Just like car insurance, your driving record affects your RV insurance rates.
• State Regulations: Some states have higher minimum insurance requirements, affecting costs.

Ways to Save on RV Insurance:

• Bundle your RV insurance with your auto or home insurance for discounts.
• Take an RV safety course to qualify for lower rates.
• Increase your deductible to lower your monthly premiums.
• Install security devices and anti-theft systems.

Extended Warranties: Are They Worth It?

If you’re buying a used RV or even a new one beyond its factory warranty, an extended warranty (also called an RV service contract) might be a good investment. These warranties can help cover major repair costs, but they come with some caveats:

• Coverage Varies: Not all extended warranties cover every component. Some may cover only the drivetrain, while others may cover appliances and electrical systems.
• Deductibles & Limits: Many warranties have deductibles and exclusions, so read the fine print carefully.
• Cost vs. Risk: If you’re handy and can do minor repairs yourself, you might not need an extended warranty. However, for those who prefer peace of mind, they can be a great way to avoid unexpected repair costs.
• Where to Buy: Dealerships often push extended warranties at a premium. Consider third-party providers, as they often offer more competitive pricing and flexible coverage.

Breaking Down the Different Types of RVs

Class A (The Big Bus-Like RVs)

• Great for full-time RVers
• Most spacious and luxurious
• Expensive to maintain and drive
• Depreciate quickly

Class B (Camper Vans)

• Small, nimble, great for solo travelers or couples
• Hold value well, easy to park
• More expensive per square foot compared to other RVs

Class C (The Mini Motorhomes)

• Mid-size, offering a balance of space and drivability
• More affordable than Class A, but still depreciates quickly
• Good choice for families who want something self-contained

Travel Trailers

• Huge variety in size and price
• More affordabl,e but can be cheaply built
• Depreciation depends on brand and quality

Fifth Wheels

• Often, the most spacious towable option
• Better resale value than most travel trailers
• Require a large truck to tow

Final Thoughts: Should You Buy New or Used?

If you want peace of mind, warranty coverage, and the latest features, a new RV might be for you, just be prepared for the depreciation hit. 

If you’re looking to save money and are comfortable with potential repairs, a used RV could be the best way to go.

Either way, get an inspection, do your research, and buy from a reputable source, and soon, you’ll be hitting the road, ready for adventure!

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