If you are looking for an RV, taking advantage of the selection of repossessed RVs that are currently appearing at repo auctions across the country is a great way to make huge savings. Given the current economic climate repossession rates are increasing as a growing number of people cannot afford to keep up finance payments. Whether you are looking for an RV to use occasionally for trips, regularly as part of a change of lifestyle or indeed you need living accommodation, there isn’t a better time to buy. That a lot of people seem to prefer more traditional purchasing options, means the savvy shopper, who looks at other avenues can get a real benefit. If you are not used to buying at repo auctions, you will just need to do a little research to ensure that you get the best pick of the repossessed RVs available at the very best price. I will outline some advice here that will set you on the best road for your recreational vehicle buying trip.

1. If you are concerned that buying a repossessed RV is somehow wrong, given that its availability is due to someone’s misfortune, please rest easy. Financial institutions will make a repossession order in certain circumstances and the value they can sell the vehicle serves to reduce the outstanding debt. Also recreational vehicles and other properties are repossessed and seized for a number of other reasons such as non payment of taxes or criminal activity.

2. Decide on the type of RV and the specifications you require based on your intended use. Do some research on the models available and make a shortlist of those that suit your requirements.

3. Find out where the repo auctions are taking place in your area. You can do this by making enquiries at your local financial institutions, searching through your local newspapers for auction notices or by using an online service that will provide you with comprehensive auction listings.

4. When you choose an auction, get a list of the vehicles available for auction and check the list against your shortlist. Do some more research on the current market value of the RVs. You can do this by checking at dealerships or by consulting a resource such as the Kelley Blue Book. Decide on your budget at this stage and ensure that you have the necessary proof of finances that may be required by the auctioneer. This many include a letter from your bank or credit card company, for example.

5. Prior to the auction, inspect the RVs that you are interested in. Check for any unusual wear and tear, signs of damp, mould and mildew. You should also check that the lights and electrical items are working. If possible it may be worthwhile bringing an RV expert along with you to check out the vehicle.

If you do some background research, you will be well prepared on the day of the auction. It is really important to check the RVs you intend to bid on and to be aware of the value. On a final note, do not enter into any bidding wars on the day. Some people get caught up in the excitement of the auction and don’t achieve the best value available. If you go to the auction well prepared and keep a cool head on the day, you will have a choice of repossessed RVs and be in a position to make some huge savings.