Are you ready to explore? Buying a recreational vehicle (RV) is the dream of an increasing number of Americans. Today, more than 7% of U.S. households own at least one RV, and about a million of those people use their RV throughout the year.
Treat an RV purchase with the same care that is used to buy a home or car. Before you buy, consider these factors.
Consider getting preapproved first; this lets you know exactly how much you can afford to pay and gives you better negotiating power when it’s time to close the deal.
There are pros and cons to both. If you decide to purchase a used RV, have a qualified mechanic check it out before you buy. Research the vehicle’s history to learn its ownership history, or to see if it has been in any serious accidents. If it is a new RV, use a pricing tool such as the NADA Guide or an online appraisal site to research specs, pricing, and other factors.
Consider shopping for deals at an RV show, which can offer the deepest discounts of the year; they may even have used models. Your friends and neighbors may also know someone with an RV for sale. Regardless of whether you buy new or used, count on negotiating to get the best price.
Be sure you know exactly what is and is not included in the deal. A quick visit to an RV supply store will give you a good idea of how quickly the costs of missing belts, hoses, and accessories can add up.
When you take the same diligent approach to choosing the right model and negotiating the best deal for your new RV, your hard work will pay off. And the selection of ‘location, location, location’ will be completely up to you.
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