Buying New vs. Used RV: Which Offers Better Value?

Buying your own RV isn’t an investment to take lightly. Whether you’re planning weekend getaways, full-time travel or family road trips, choosing the right RV is a major financial commitment. If you’ve thought of buying an RV, the first decision to make is whether to buy a new or a used one.

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A brand-new RV offers modern features, options to customize and the peace of mind of a manufacturer’s warranty. On the other hand, a used RV can save you thousands of dollars upfront, with slower depreciation and room in the budget for upgrades. So which one offers better value? Weighing the below benefits of buying a new or used RV will help you make an informed decision.

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Why Buy a New RV?

Modern Features and Technology

New RVs often come with the latest features and technology for a more comfortable and safe travel experience. From advanced climate control systems to keep you comfortable in any season to upgraded safety features and energy-efficient appliances, these features are hard to beat.

Full Manufacturer’s Warranty

Repairs on RVs can be expensive, especially for high-ticket items like air conditioners, slide-outs and plumbing systems. New RVs come with a full manufacturer’s warranty, usually for the first year. This warranty acts as a financial cushion, sparing you from surprise bills that could easily run to thousands of dollars.

Option To Customize

Some manufacturers offer the option to customize your RV, allowing you to get all the features you want. You can customize your floors, interior decor, appliances, exterior finishes and even add-ons like upgraded solar panels or outdoor kitchens. With a used RV, you have to take it as-is or incur an extra cost to renovate.

Better Fuel Efficiency

New RV models tend to be fuel-efficient compared to older models due to the latest advancements in engine technology. Some even offer hybrid or eco-friendly options. This will save you money at the pump, especially if you plan to live in your RV full-time or take long trips across the country.

Why Buy a Used RV?

Lower Initial Cost

The most obvious advantage of buying a used RV is the lower purchase price. Used RVs are less expensive, allowing you to start your RV living without stretching your budget. Plus, insurance premiums for used RVs are typically lower than those of new RVs.

Slower Depreciation

New RVs often depreciate faster in the first few years and then the value level off. This means a used RV will lose value more slowly compared to a new one. Additionally, your used RV may hold its value better over time.

Proven Track Record

When you buy a used RV, you’re not guessing how the RV will hold up in the long run. You can research everything, including the RV’s history, which can give you insights about reliability and any issues to look out for. You can also request maintenance records from the seller to verify that the RV was cared for.

Broader Selection

The used RV market has a broader selection of options to choose from. You can find the exact RV you want depending on your budget and needs.

Which Offers Better Value?

The decision whether to buy a new or used RV depends on your priorities and how you plan to use the RV. If you want the latest features, a full warranty, better fuel efficiency and fewer maintenance worries, then the high price tag is worth it. This option is especially appealing if you’re planning to live in your RV full-time and want maximum reliability.

On the other hand, if you don’t want to incur many upfront costs, a used RV is a great choice. By skipping the initial cost, you free up money for upgrades and travel expenses.

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This article originally appeared on GOBankingRates.com: Buying New vs. Used RV: Which Offers Better Value?

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