Motor Home Repos sold at Auction
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.
Repo motorhomes are sold at auctions on a regular basis, such weekly, bi- weekly, monthly or seasonally.
There are 3 places you can go to find out when and where these rv repo auctions are occurring. First, you can try asking local dealers of dealership owners. Be friendly and see how far that gets you. Second, sometimes rv auctions are advertised in rev classifieds or in local newspapers. Thirdly, you could check with banks or local credit unions. This may be a little harder either because the bank is large and you are not talking to the right person or because they have a hard time admitting they issue bad loans.
Find out as much as you can about the motor home auction before you go. Find out whether it is a live or a silent auction. Find out whether you need to preregister to bid and also find out if you need to purchase the RV with cash or if they allow you time to get financing on it. Sales are usually in 'as-is' condition.
It is very important to find out if the motor home you are bidding on is being sold with any kind of a warranty. At auctions they usually don't have warranties. Occasionally the newer motor homes will come with manufacturer's warranties and this can be a great plus.
You may have to go to a few auctions, but hopefully it will not take you very long to find the motor home repo you want at the auction price you can afford! - 21396
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.
Repo motorhomes are sold at auctions on a regular basis, such weekly, bi- weekly, monthly or seasonally.
There are 3 places you can go to find out when and where these rv repo auctions are occurring. First, you can try asking local dealers of dealership owners. Be friendly and see how far that gets you. Second, sometimes rv auctions are advertised in rev classifieds or in local newspapers. Thirdly, you could check with banks or local credit unions. This may be a little harder either because the bank is large and you are not talking to the right person or because they have a hard time admitting they issue bad loans.
Find out as much as you can about the motor home auction before you go. Find out whether it is a live or a silent auction. Find out whether you need to preregister to bid and also find out if you need to purchase the RV with cash or if they allow you time to get financing on it. Sales are usually in 'as-is' condition.
It is very important to find out if the motor home you are bidding on is being sold with any kind of a warranty. At auctions they usually don't have warranties. Occasionally the newer motor homes will come with manufacturer's warranties and this can be a great plus.
You may have to go to a few auctions, but hopefully it will not take you very long to find the motor home repo you want at the auction price you can afford! - 21396
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posted by X - Men @ 2:35 AM
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