If you want to get into RVing this may be the best time in recent memory. The economic climate contributes to the abundant inventory in a lot of ways. Consumers are finding it difficult to make payments or simply deciding that their motor home isn’t an important asset to keep. RV Dealerships are going out of business. The government is reducing the inventory they use for temporary housing.
The challenge is finding your way into the market where there are good deals. Here’s your shortlist of sources.
Your local classifieds. Ads in your newspaper or Craigslist. Look for auctions by the state, county, marshall, sheriff, or other governing body.
Local motor home dealers. Many are reducing inventory or going out of business. Getting to know these folks can be a good source of inside deals. They may also be able to put you in touch with financing organizations who are helping owners get rid of motor homes they no longer want to or can afford to pay on.
Motor home or RV magazines. You’ll find advertisements for used motor homes, clearance sales, and auctions where you can buy motor homes for sale.
Banks and credit unions. These folks have financed motor homes for people or dealerships that may now be in trouble or changing their priorities. So you have another group of contacts to contact regularly.
Government surplus, seized, and repo auctions. This may be your surest bet. Using the other sources, you’re waiting to see if something comes available. Auctions are only held when there’s a good supply to sell. So finding these auctions, means finding a ready supply of cheap used motor homes.
The good news is that auctions like these are common and held regularly. And that the government wants to cover expenses but is generally not in the business of making money on RV sales. So you can get real bargains. The bad news is that auctions are often not well publicized.
To find them, you’ll need to keep your eye on the classified ads and announcements or register at a site that has the resources to track these auctions. Review the auction sites carefully, they offer varying registration costs, onetime, annual, or monthly payments, and access to different databases of auctions.