Last Updated on September 10, 2024
Are you dreaming of hitting the open road in your very own RV? Before you dive headfirst into the RV buying process, it's crucial to learn from the mistakes of others. We found a fantastic video from the RV Odd Couple channel, where John and Mercedes share their insights after years of full-time RV living and owning a campground. Below, we've highlighted the key points from their video to help you avoid common pitfalls when purchasing your first RV. Make sure to watch the entire video at the bottom of the article for even more valuable tips!
1. Understand Why You're Buying an RV
Before you even start looking at RVs, it's essential to understand why you're buying one. Are you seeking adventure, independence, or simply a new way to travel? John and Mercedes emphasize the importance of knowing your "why" to avoid making impulsive decisions. They hilariously recount how they went full-time RVing to save their marriage—talk about a high-stakes move! Knowing your purpose will guide you in choosing the right type of RV for your needs.
2. Timing is Everything
Is now a good time to buy an RV? According to John and Mercedes, the answer is complicated. The RV market has been volatile, with prices skyrocketing and then dropping. They suggest being patient and waiting for the right deal, but if you're itching to get on the road like they are, sometimes you just have to take the plunge. Just don't be too hasty—no one wants to be the proud owner of a depreciating asset they overpaid for during a market peak!
3. Determine How You'll Use the RV
How you plan to use your RV will significantly influence the type you should buy. Are you going full-time or just weekend trips? John and Mercedes realized their needs had changed over the years—they no longer needed a massive fifth wheel for full-time living. Instead, they're looking for something more suited to shorter trips. It's a classic case of "Goldilocks and the Three Bears"—finding the RV that's just right for your current lifestyle.
4. Towable vs. Motorhome: The Great Debate
One of the biggest decisions you'll face is whether to go for a towable RV or a motorhome. Towables are generally cheaper, but motorhomes offer the convenience of not having to leave your vehicle to set up camp. John jokes about their truck being a beast, capable of towing anything, yet they still prefer the safety and convenience of a motorhome. It's like choosing between a trusty steed and a sleek sports car—both have their perks!
5. New or Used: Pros and Cons
The debate between buying new or used is as old as RVs themselves. New RVs come with warranties but depreciate quickly. Used RVs can be more affordable and often come with all the bugs worked out, but you might inherit someone else's problems. John and Mercedes lean towards used, humorously pointing out that they'd rather have a loved, well-maintained RV than a shiny new one with potential hidden issues. It's like choosing between a vintage wine and a fresh soda—both can be great, but one has more character.
6. Financing vs. Paying Cash
Should you finance your RV or pay cash? Financing can make sense if you use the RV frequently, but it can also lead to regret if it sits in your driveway most of the year. John and Mercedes share their past mistakes with financing and advise putting down a substantial payment if you choose this route. Think of it like buying a car—would you finance a weekend toy the same way you would a daily driver?
7. Dealership vs. Private Seller
Buying from a dealership can offer peace of mind but often comes with higher prices and pushy sales tactics. Private sellers can offer better deals but require more due diligence. John and Mercedes prefer buying from private sellers, likening dealership salespeople to greasy car salesmen who will sell you a warranty you don't need. It's like choosing between a boutique store and a garage sale—both have treasures, but one requires a bit more digging.
8. Inspect Before You Buy
Whether you buy new or used, always get a professional inspection. John and Mercedes stress this point, sharing horror stories of friends who bought new RVs only to have them in the shop for months. It's a bit like dating—no matter how great the first impression, you need to dig deeper to see if there are any deal-breakers lurking beneath the surface.
9. Avoid Extended Warranties
Extended warranties can seem like a good idea but often aren't worth the cost. John and Mercedes advise learning to fix minor issues yourself, as warranty work can take forever. Imagine buying an extended warranty for a toaster—sure, it sounds smart, but are you really going to wait weeks for a replacement when you could just fix it yourself?
10. Manufacturer's Warranty vs. Dealership Warranty
If you must have a warranty, go for the manufacturer's warranty. John and Mercedes have more faith in manufacturers than dealerships, comparing the latter to shady used car lots. They emphasize that manufacturers don't want their products to fail, whereas dealerships are more interested in making a quick sale. It's like choosing between a reputable brand and a knock-off—you get what you pay for.
We hope these tips help you avoid common mistakes when buying your first RV. For more in-depth advice, be sure to watch the full video from the RV Odd Couple channel below. Happy RV hunting!
