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Buying a Repo RV in Washington

If you’re someone who has dreamed of owning a new Motorhome, 5th Wheel, or Travel trailer but just can’t get yourself to pay the “new” price checking out a government, repo or bankruptcy auction might be right for you. With the economy in its current state many people are upside down on their RV loans and due to layoffs or other unforeseen circumstances are forced to let their baby go. The banks are now stuck with an asset they don’t want and send them to the action yards to get as much as they can for it.

Good Time to Buy

Right now the action yards are full of repossessed RVs, with fewer people that can afford to buy these large luxury items. Even many of the used RV dealers are slowing down their buying due to the inability to move them off their lot as quickly as they used to. This means less competition at the action and lower bids, making this a great time to make a purchase.

While you can’t expect to find one of these great deals every time you go to an auction, vehicles have been known to go for at as much as 90% off the retail value. Often the RV has very little use on it making it close to brand new. One advantage is most of them will have enough miles on them that the “bugs” have been worked out. The previous owner has already had the manufacturing problems fixed by the original warrantee or their extended warrantee, giving you an RV that should be relatively free of problems.

Auction Sites

While in most cases you will likely want to view the RV in person, there are also online action services that can help you find that great deal. Auction sites like autoauctionspot.com advertise having all the major brands of RVs like Cherokee, Coachmen, Fleetwood, Holiday Rambler and Jayco. Many of these companies also auction other recreational vehicles like motorcycles, boats, ATV and even aircraft.

Online auctions are a little different; all you have to go by are images of the RV. For these you really need to know what you are looking for. It does give you the advantage of being able to check out a RV from your office or home and do a bit of research before you start bidding. This is quickly become popular with the various used RV dealers also. You can now be in several locations checking out several different RVs at one time and never even break a sweat.

Online auctions also have the advantage of not having to drive all over Washington to get to the various actions. You can check out auctions from any state, and if you find a good enough deal have it shipped to you. Most auction yards deal with this all the time and have recommended auto shippers that they trust to get you RV to you in good shape.

Getting the best deal

It’s usually best to do your homework before you start looking to buy a repo RV at an auction. While most will let you look under the hood and do visual inspections, you often don’t get the chance to start the vehicle and almost never get the chance to drive it. By doing some research you can get an idea of what to look for while you do your inspection.

Reading reviews on different RVs will tell you what to watch out for in a particular motorhome, 5th wheel or travel trailer. This will also give you an idea of what something would cost to fix if it did have a problem. That great deal may not be such a great deal if you end up dropping a bunch of money on repairs after the purchase.

While purchasing an RV at an auction probably isn’t right for everyone, if you are confident in your ability to spot a good deal, there are a lot of them to be had at auction yards. Purchasing a vehicle at a repo or bankruptcy auction can help you pick up a much nicer rig at a much lower price than you would pay buying in the classifieds.