Great deals on Used RVs at Repo Auctions

What are repo acuctions?

Repo auctions can be a great place to find RVs at a significant discount. At repo auctions, repossessed property banks and other financial institutions sell the vehicles they’ve repossessed to help repay the debt the consumer defaulted on.

While some auctions are quite public, you’ll find repo auctions normally aren’t. Though they’re often open to the public, they’re largely attended by dealers and wholesalers.

Can you really get good deals?

Yes, you can save quite a bit of money at a repo auction, if you’re well-prepared. The typical dealer mark up on a used RV is 30 to 45% above wholesale RV invoice price. You can buy repo RVs at significantly below that price.

Remember though, that the price tag isn’t the only consideration in buying a used RV. To buy one, you need to know how to choose it and check it out quickly without driving it. And you won’t find the guarantees or financial payment options that a dealership could offer you.

So, do your homework, and you can find great bargains.

Where do you find repo auctions for used RVs?

Repo auctions generally take place twice a year in your municipality. If you’re willing to keep a sharp eye out, you can find them in the paper.

There are enough auction sites that you can often find one in your area an a given weekend. And there are websites that research repo auctions and make the dates and locations available to you for a small fee.

A final note: Remember that buying an RV can create a longterm relationship. Love-at-first-site doesn’t always serve you. If you don’t know a lot about RVs, bring a friend who can help keep you level-headed and let you know when you’re seeing a good deal.