If you are looking for Motorhome and RV auctions then you are extremely smart. In a down economy, this is a great way to save money and to keep from financing an overpriced dealer RV.
But where do you find them? Most people start by looking in the local newspaper classifieds or in RV Magazines. Often RVs are also sold with boats or cars, so this is something you may want to keep in mind in your search. Another place to look is on the internet, but remember to keep your search local or it may not do you any good. A third place to go is to talk to used car dealers if you are only interested in bidding on an RV. They may be able to tell you when and where these occur, and may even be willing to help you buy one for a small fee.
RV Auctions and Some of the Best Ways to Find Themselves
Shopping at an RV auction is better than shopping the discount rake at a clearance store. On the clearance rack, all you find is stuff nobody wanted, but at RV auctions, most of these RVs come fully loaded, and the best part is that you don’t have to pay anything extra for the upgrades. Besides that, RV auctions are cheap. Often, it is a chance to buy an RV for less than the dealer trade in value. Since RV dealers have a 40% mark up on all their inventory, buying at an auction can often save you 50% or more!
If you thought that owning a nice RV a too expensive, you may have made a mistake. When you buy a used RV at auction, you can also pay for the RV in cash. This means that you can literally save thousands of dollars more in interest over the life of the loan.
How to Bid at Online RV Auctions
Virtually everyone knows how RV auctions work. The auctioneer starts the bidding price, and several people place their bids until someone lands on top and no one else wants to go higher. Online RV auctions work pretty much the same way. However, there are different strategies, you may put in place in order to win.
First, do your homework. Just like live auctions, you are signing a contract when you put in a bid and are obligated to purchase if you win. Make sure you have a maximum bid in mind so you don’t overbid and overpay for an RV. You’re working with large sums of money here, so keep your cool when bidding. Have several RVs that you’re looking into at once. That way, you won’t feel lose out if you miss one bid. It also helps you not get too heated when you’re buying, and not let emotion run your purchase as much. And last, wait until the last minute to bid. Then keep watch in case you need to bid again in the last few seconds.