6 Tips to get the best motorhome for the money after you’ve sold yours
Campervaning is back in style as a whole new generation falls in love with driving across the country and experiencing what life has to offer. In 2016, 170,064 new leisure vehicles were registered in Europe.
If you are an avid camper but feel it is time for an upgrade, then you are in the right place. The first thing you need to do is to sell your current motorhome. Then armed with your budget and this guide you can find the best motorhome for the money. So let’s get started planning out your new motorhome purchase!
1. Know why you are buying
Before you start shopping for your new campervan, you need to understand why you are buying one. This will help you narrow down your options. Answer these questions while you create your budget.
- Who are you buying the motorhome for?
- Where do you plan to travel?
- Why are you buying an campervan?
- Do you want a trailer or a motorhome?
- What features do you need?
- What features do you want?
It is essential to differentiate between what you need and what you want. There are many features that you can customise and add on later on.
This will allow you to budget now and plan projects for later.
Buying a brand new motorhome is the more expensive option. The advantage is that you get a campervan that is a few months old. It could even be directly off the production line built with your requested features. New campervans also come with a full manufacturer warranty. This will save you thousands should anything go wrong. You also don’t have to worry about any wear and tear or damage caused by the previous owner.
You also have a lot more freedom when it comes to choosing all of the custom options. The bottom line is you are more likely to get precisely what you want, but you will pay more for this ability. Used motorhomes offer more affordable prices, but you risk not knowing how the previous owner cared for it. It is smart to only buy a used campervan through a dealer. Otherwise, it is buyer beware as to the potential damage or issues that may pop up later.
While you will save a ton, you may not get all of the features or design elements that you want. This shouldn’t be a deal breaker, though. You could always make these adjustments later after your purchase. Ask if the manufacturer’s warranty is still in effect and if it carries over to you. This could give you some protection as to any defects in the campervan. You will also find that insurance is cheaper for a used motorhome.
There is a general understanding that towable motorhomes are more affordable than a motor caravan that you drive. However, this isn’t necessarily the case. It all depends on the type of towable you buy. If you want to tow, you’ll need to also invest in a vehicle that can do the towing. If you don’t already own this vehicle, you need to budget for the purchase of a truck or SUV in addition to the motorhome.
Once you find the campervan of your dreams, you need to settle on a financing method. Your first option is not to finance at all and pay cash. This means you have the total purchase price available and spend the entire sum up front. If you don’t have this kind of money available, then you will need to finance your purchase. Most motorhome dealers work with a variety of lenders to offer you financing on the spot. You could also secure your own third-party lender.
The best course of action is to shop around and compare rates. Look for a lender that offers a low-interest rate and no penalties for early payoff.
There are a few strategies you can use when negotiating for your new motorhome. These can be used no matter which campervan you choose to buy. Start by keeping your options open when looking at campervans. There are many different motorhome and motorhome brands out there. Don’t let yourself get boxed into just one.Keep an eye out at your bank and dealers for fluctuations in auto financing rates. When you see them dip, strike then to make your purchase.
Don’t try to rush your purchase. Wait for the right deal to come along. This deal is most likely to happen at the end of the month or season. You may even find it at the local campervan show.
Finding your dream motorhome isn’t just about new or used and purchase financing. You also need to think about maintenance, parking, insurance, repairs, and all of the other expenses that come with owning a campervan. For some, they would rather invest up front and take advantage of savings later on. Others prefer to save up front by opting for a smaller used motorhome.
Now that you are armed with knowledge, it’s time to find the best motorhome for the money. Start by selling your current campervan so you can better determine what kind of budget you have. Once you know what you can spend, work your way through this guide. By following these tips, you will have the best motorhome for your money.
Sell your motorhome today so you can start looking for your next dream motorhome.
