Pros & cons of buying a new vs. used RV

Recreational vehicles (RVs) have surged in popularity as a means of travel and adventure over the last decade. Whether you're a seasoned traveler or an RV lifestyle newcomer, one of the most significant decisions you'll face is whether to buy a new or used RV. Each choice brings its own set of advantages and disadvantages, which we'll explore together to help you make the best, most informed decision for your unique needs.

Buying a new RV: Pros 

Warranty & Reliability

One of the most compelling reasons to consider buying a new RV is the peace of mind that comes with that brand-spanking-new warranty. Typically, new RVs come with manufacturer warranties that cover components from the engine to the appliances for a year (but of course, make sure you read and understand the terms of your specific manufacturer’s warranty). This means that in the unlikely event that something goes wrong during the warranty period, you won't have to shoulder the repair costs.

Latest Features & Technology

Buying a new RV gives you the same feeling as buying a new car. New RVs smell good, are so clean and snazzy, and newer models often feature the latest technology and design enhancements. By buying new, you’ll gain access to modern amenities like smart appliances, efficient heating and cooling systems, advanced safety features, and niche features for maneuverability, offroading, and accessibility. When it comes to overall comfort and safety during your travels, these things are tough to beat. 

The option to customize

A new RV offers you the freedom to prioritize your needs. When you buy new, you often have the option to choose from various floorplans, interior decor packages, exterior color schemes, appliances, and technology packages. This means you get to design the brand-new RV of your dreams that fits every need you can imagine for your specific destinations and interests and leave things you care less about behind.  

Fuel Efficiency

Thanks to the latest advancements in engine technology, newer RVs tend to be more fuel-efficient. This can result in lower fuel use and costs over time, which is especially important if you’re planning to live in your RV full-time or for prolonged excursions in remote areas.

Lower Out-of-the-Gate Maintenance 

Like cars, new RVs generally require significantly less maintenance than used ones during the first few years of ownership, especially if you are diligent with your service upkeep and take care to properly store your RV when not in use. You are less likely to have to worry about unexpected repairs or replacement of major components, which can save you time, worry, and money, at least initially. 

Buying a new RV: Cons

Higher Initial Cost

The substantial upfront cost is the most significant drawback of buying a new RV for most new RV purchasers. There’s no denying that new RVs are simply more expensive than their used counterparts. Most buyers will need to take out a loan, make a hefty down payment, and/or continue to make a significant financial investment in order to purchase a new RV. 

Insurance premiums for new RVs are also usually higher than what you’ll find for used RVs. The cost of replacing a brand-new RV in case of an accident or theft drives up insurance rates.

Rapid Depreciation

Just like a new car, your new RV will depreciate swiftly in the first few years. This means that the resale value of your new RV will drop, no matter how infrequently you drive it or how pristinely you maintain it, potentially leading to a substantial loss if you decide to sell it before it’s paid off.

Limited Selection

New RV models are limited to what's on the market currently. So if you have a specific model or vintage RV “look” in mind, you may not find a new RV that matches your vision, which some prospective buyers may find limiting.

Initial Quality Issues

While new RVs come with warranties, they can still experience initial quality issues. Some RV owners refer to the first trip after a new purchase as the “shakedown” trip. This term affectionately refers to the issues missed by the manufacturer and dealer that inevitably crop up when the RV is in use for an extended period. 

Buying a Used RV: Pros

Lower Initial Cost

The most obvious advantage of buying a used RV for most buyers is the lower upfront cost. Used RVs are simply less expensive, which allows you to begin your RV lifestyle with a less substantial financial burden. Insurance premiums for used RVs are also generally lower than those for new RVs: because the replacement cost is lower on a used RV, insurance companies usually offer more affordable coverage options.

Slower Depreciation

Most of the time, used RVs have already undergone the steepest part of their depreciation curve. This means that you won't experience the same rapid loss in value that new RV owners face during the first few years, and your proven used RV may hold its value better over time.

Broader field of options

When you opt for a used RV, you have a broader selection of options to choose from. You can explore various makes, models, and vintages, making it easier to find the exact RV that fits your most specific preferences and needs.

Proven track record on the road

When you buy a used RV, you can research its history and read reviews from previous owners, which can provide valuable insights into the RV's reliability and any potential issues to look out for. There’s also just more data and information to draw upon once a particular make/model has been in production for a couple of years, giving you the advantage of hindsight when making your purchase decision.

Buying a Used RV: Cons

Maintenance Uncertainty and Cost Over Time

Used RVs may have hidden maintenance issues or wear and tear that aren't immediately apparent when you commit to buy. Unfortunately, this can lead to unexpected repair costs shortly after purchase if proper due diligence is not done.

Additionally, as a used RV continues to age in your ownership, the likelihood of expensive repairs and rising maintenance costs naturally goes up. Over time, these ongoing expenses can add up and eventually overtake the initial cost savings.

Limited Warranty

While some used RVs may still have a portion of the original warranty remaining, it's not uncommon for warranties to have expired by the time the vehicle is sold as used. This means that you may have to cover repair costs out of pocket with limited or no help from the manufacturer.

Outdated Technology

Older RV models often lack the latest technological advancements and safety features found in new units. You may find that you need to make technology upgrades or modifications to bring your used RV up to modern driving and liveability standards. 

Limited Customization

When you buy a used RV, you're limited to the design and features of the model you choose. While you can usually make some modifications, especially if you’re a handy person or have experience with interior design, the same level of customization is just not as initially available as when purchasing a new RV.

In short, weigh your options!

The decision to buy a new or used RV ultimately depends on your budget, preferences, and priorities. New RVs offer the latest technology, warranties, and a sense of reliability, but they also come with higher initial costs and faster depreciation. On the other hand, used RVs are more immediately budget-friendly and may offer a wider selection, but you may find that they lack the latest features and require more maintenance in the long term.

To make an informed decision, you’ll need to carefully assess your needs, research the specific models you're most interested in, and weigh your RV adventure goals against your financial aspirations. 

Ready to purchase a new or used RV?

Whether you choose to buy a new or used RV, the right RV can make or break your experiences on the road. That’s why our friendly and knowledgeable staff is always available to help you choose from the highest quality RVs (and more) from top manufacturers. Find a location near you, or shop our online inventory and let our experts help you find the perfect new or used RV for you today.