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RV’s are one of the best ways known to get across the country in both style, comfort, and convenience with a family. It’s a part of American culture to use these amazing vehicles to get anywhere you need to go easily and without spending extra money or time getting to hotels. Wherever you need to stop is where you stop, a perfect way for flexible families to do exactly what they want.
So what’s the knock on RV’s?
Well, they’re not exactly cheap. Premium RV models have price tags that could make you fall over from shock. In some instances, RV’s can cost as much as a house and take substantial financing, so you really need to be sure you’re getting exactly what you want when you make a purchase.
On top of that, many people are looking for cheaper ways to buy RV’s.
RV Salvage Yards can really help you get moving when you’re not quite looking to spend a fortune. It’s an interesting idea that many are starting to catch on to as a way to lessen the pain that buying an RV brand new might cause.
The reason for buying RV’s are simple – you want the luxury of home brought along for the road.
If you’re trying to “rough it” minus the “roughing it” part, RV’s are probably the start and end of your search.
We brought up costs in the introduction, so let’s get into strategies for looking into buying RV’s from salvage yards and how that can save you money.
What Is A Salvaged RV?
There are many different reasons a vehicle can be classified as a “Salvaged RV”.
Basically, there’s been some reason that the RV has been declared “totaled”. This just means that an insurance company has paid a claim on the vehicle. In many instances, there is some amount of physical damage that started a claim.
This level of physical damage could vary greatly depending on whatever happened to cause the claim. First of all, there absolutely could be some level of structural damage that would indicate a serious problem with the RV. In other cases, an RV may simply have had interior damage that was so great that rendered the RV unusable.
No matter the reason that caused your RV to be taken off the streets by an insurance company, it’s a pretty good bet that it was significant in some regard. It’s up to you to get that information and make a call whether the repair work has already been done or needs to be done and what you’re willing to put up with.
On top of all of these differences, you can also find some occasional RV’s that end up being salvaged for some other causes.
If a claim is paid on an RV because it’s reported stolen, that still falls under the category of a salvaged vehicle. This would happen if the vehicle is found or recovered then it could still become available for sale. In a situation like this, where there’s no real damage – you could find yourself in for an amazing RV at a steal of a price.
The Difference Between New And Salvaged
It’s obvious that if you’re buying a salvaged vehicle, that you’re not getting something brand new.
However, what is the real differences between a new and salvaged vehicle? Many things can be affected:
- Ability to Sell
This is the #1 reason you’re even reading this article right now – salvaged RV’s can help you save on price. The biggest thing to remember is that you have to factor all repair costs and extra costs into the original price tag.
If a new RV costs $50,000 and a salvaged RV costs $30,000 and you put $20,000 back into the RV, you just came out a big-time loser. You bought a worse product and paid the same exact amount. On top of that, you have some other factors to consider.
Just be smart about what you’re spending and make sure that the bottom line matches the expectations.
Since an insurance company already paid out a claim on your RV, there’s really no warranty info to speak of. Some stores may be willing to guarantee something if they’ve done their own repair work, or offer warranties on parts of the RV that are unaffected, but I’d find that somewhat rare and would advise you to do a thorough investigation before you buy.
This one could go either way. Sometimes salvaged RV’s are still high-quality vehicles who have a lot of life in them. Other times, they need to be completely rebuilt and could even be dangerous to those who ride in them.
You really need to do your homework here and figure out if the quality of what you’re buying is worth it.
This is a big one for a lot of people. You could be making a major investment and to save money you need to buy a vehicle that is reliable. Investigating the nature of the salvaged tag will help you decide if you’re getting a vehicle that either is reliable or can be brought back up to that reliable status.
Ability to Sell
Generally speaking, you’re not going to be able to sell these RV’s again – at least not at a high price and certain parties will flat out tell you, “no”.
Salvaged RV’s can be great if you’re going to hold on to them, just don’t be expecting to flip them quickly if you lose interest.
Buying a salvaged RV comes down to doing your homework and doing it quite well.
If you decide to buy a salvaged RV, you can’t start to take people’s words for anything. I know that it doesn’t feel good to not trust others, but you can’t trust others. Get all the documentation for everything related to the RV so that you know that you have the exact picture of what’s going on.
While your friendly salesman may be telling you the whole truth, there’s nothing wrong with getting it all on paper and making sure you have all the facts. From there, mechanics may be able to give you better estimates about the vehicle and can help you decide if you’re going to have to put a lot of money into the project.
If everything checks out, then you can proceed with confidence and the knowledge that you’re getting exactly what you’re paying for – a nice deal!
Knowing What You Want To Work On
This is similar to the last section about getting documentation.
Buying a salvaged RV comes down to having a lot of self-awareness.
When you buy an RV, you need to have a specific game plan. How are you going to attack this purchase?
If you only want salvaged RV’s that are zero work, you’ve limited yourself to stolen RV’s or something that is paid out for a very rare claim. That means you’re going to limit your possible results and it may take you a long time to find a salvage RV. That’s fine, but just keep that search time in your mind as you look – don’t get frustrated without results right away.
If you’re talented and looking for a project that you can completely re-design, maybe you’re looking for a salvaged RV due to interior damage. Ideally, in this situation, you would want to find a vehicle that has no structural or outside damage whatsoever.
The interior could be a pain, but probably isn’t as hard to work on as the structure or something like engine issues, so if you’re looking for a project – that might be your best bet. However, be sure to get your full documentation and think critically about whether any of these interior problems will also cause exterior problems later.
Not many problems in a salvaged RV just cause one issue and that’s it – often times these things are related and problems can spread over the life of a vehicle.
If you’re a mechanic yourself or are planning on hiring a mechanic, you may be willing to get a bit riskier and venture into salvaged RV’s that have exterior problems, engine failures, or total vehicle damage including structural damage.
These problems are the worst of the worst and should get you a significant discount, however, you will have to put time or money into the vehicle as a sacrifice for that discount you got.
Some people love a tinkering project and that will be right up their alley. If you want to keep this vehicle for a long time, and you’re confident that you or your mechanic can fix it up the way it needs to be, then you’ve got a great match.
In the end, it all comes down to self-awareness. You do not want to fall into the trap of talking yourself into something that isn’t a great fit.
When you do find that great fit though, you’re in business.
Since we’ve been talking about searching so hard to find deals – there’s a tip that you need to use when looking for great deals on salvaged RV’s.
You need to check the marketplace often.
New deals can pop up at any time, and if you only search once a month, you’re going to miss out on some incredible deals that pop up.
There are various sites online as well as physical salvage yards where you can go to find models.
You should probably consider bookmarking those websites for easy viewing, and if you’re a serious customer who builds a relationship at a salvage yard, you can set them up to help you by asking for notifications when a certain model or a certain kind of salvage project comes in.
If you make it clear that you’re a serious buyer, they’re definitely going to get you on the phone when a call comes in – it’s important to their bottom line to make that sale.
The more research you do, the better your chances of finding a great deal on a salvaged RV that fits your exact needs. That takes some time, but that can turn into a big win.
Where To Look
For physical locations, I love this website. They have a nice listing and can make it easy to sort by state.
Since there’s not a whole bunch listed there, you should also do your own Google searches for both websites with salvage RV listings and retailers who may be selling salvaged RV’s around you.
Since there are less of these salvage yards than traditional sales lots, you’ll need to set your expectations properly. You may be in for a bit of lengthy drive to check out models, and you may have to search Google a little bit harder than you normally do. Stick to it, you’ll find those sellers that are out there with the best deals.
Buying a salvage RV is different than buying a brand-new RV, and that’s due to the fact that there’s a much smaller market for salvage RV’s.
Don’t let yourself think that’s a complete negative, this can actually be positive in your favor.
Think about supply and demand – in the salvage RV market there is generally less supply AND less demand. Simply put, the market is smaller in every single way.
That changes a lot of factors in play and should change how you behave as a buyer as well.
Both sides in this scenario are probably more willing to find a deal when the terms are right. As a buyer, you need to be careful to not let on that you’re getting desperate to find a bargain. The salesmen are obviously going to know that you’re looking for an RV on the cheap, but that doesn’t mean you play into their hand.
At the same time, they should be willing to negotiate because when is the next time a buyer is going to come across their path looking for an RV that is clearly damaged in some way, shape, or form.
It pays to be polite and professional without giving out any clues. You shouldn’t treat this as a war where the sellers are terrible people and out to get you. If they’re hiding details from you, I wouldn’t do business with them – but if they’re open and actively trying to help you find a good fit, I would go in with a somewhat honest policy and be clear about your limits and what you’re looking for.
This is always a feeling-out process, but because the market is smaller, you don’t want to burn any bridges right away. For example, if one McDonald’s restaurant got mad at you, you could probably go to the McDonald’s down the street.
If you anger someone selling salvaged RV’s, it may be hard to find another one close to you, and as small as the market is, I would believe it if word spread.
In the end, just be professional and realize that you’re dealing with a smaller market, fewer items available, but also fewer buyers. Don’t be intimidated by the fact that you’re dealing with products that were abandoned in some way, but don’t be aggressively rude about that information either.
Be logical, be cool, and simply be assertive when trying to find the best deal and you will find yourself saving money in no time.
Down The Road
It is important to say that there are some factors that come into play when it comes to the future of your salvaged RV.
RV salvage yards help you save money when you’re buying an RV that you’re going to use long-term.
Many dealers will not even look at you as a seller if you have a salvage title and it could affect individual buyers as well. This “tainted title” could hold you back if you only have plans to use your RV for less than a year and then get rid of it. Someone will be buying your RV that you put work in to for pennies on the dollar.
At the same time, this doesn’t have to be negative. As your vehicle ages, it’s perceived value will go down, and if you’ve kept the RV in good shape, someone is less likely to worry about if it was salvaged 7 years ago or not.
Will you still have some individuals scared away? Sure. However, it’s less likely to matter when the price tag creeps cheaper and cheaper so, at the end of the product life cycle, it’s probable that you’re going to be able to make a fairly easy sale.
This just makes it even more important to do your homework and make sure that you get a deal upfront because salvage RV buying is the best deal for those who want a long-term solution.
The Bottom Line
Buying a salvaged RV is a great way to save on the bottom line, as long as you make it to the bottom line.
You want to make sure that you’re factoring in as many costs as you can beforehand.
This process works, but only when you do your homework.
Factor in everything including:
- purchase price
- repair costs
- buying any parts that may be missing from your RV
- any inspection costs needed
- any extra insurance costs
- anything you may lose out on like warranties or dealer specials
Listen, buying a salvaged RV can be a great idea even when you factor all of these costs into your decision, but it’s still important that you do them.
When you’re buying a vehicle for a reason like a stolen claim that was recovered, a lot of these could be “zeroes”.
If the outside was simply damaged and can be fixed and reinforced, you may not be replacing parts, so you can scratch that off.
This process can get you into a great deal very fast – or it can turn your purchase upside down. Just make sure you’re doing your homework and adding up the numbers. When the numbers make sense – you save cents!
Getting parts is one of the more fun parts about having a salvaged RV. There are salvage yards that may be holding different parts and you may have to go on an adventure to find them.
At the same time, there are also things called “surplus stores” where people hold on to extra RV parts from manufacturers.
Buying parts at these stores can lead to discounts of up to 50% (sometimes more) and are a great way to get your salvaged RV up to speed again.
While it kind of sounds like you’re taping up an RV together with duct tape and old pieces, that’s not the case. These stores often have high-quality items, they’re just simply not in high demand. When demand is low, that’s when you can strike for a great bargain.
Again, you may need to be persistent in your search. Finding these items can be difficult at times, but for the resourceful customer, you’ll be adding parts for cheap and keeping those costs down right where we like them.
At the end of the day, buying a salvaged RV can be a great win for you as a customer. The best wins happen when you’re persistent and you do your homework.
Don’t settle for something that isn’t a great match for you – that will lead to regrets.
Think about your situation and have a very specific match in mind. It sounds goofy but you almost want to visualize the RV you want before you find it.
Trying to “press” to find a model isn’t the answer. Enjoy the process and give yourself time to find that perfect model. You also want to check sites and dealers often so that you see the best offerings as soon as they hit the marketplace.
With this knowledge, you can save money and make a quality purchasing decision when it comes to buying a salvaged RV.