Everyone loves a lot. For the true bargain hunter, it’s almost like a mission. They search high and low to find the best price on the items they need. Some people, however, don’t have the time to spend hours on research. They prefer the information to be collected for them. If you’re looking for a used fifth wheel RV and won’t buy one until you find the best price, here’s some information to help!
liens
Repossessed RVs sell for pennies on the dollar. Finance companies don’t want to pay for storage, and many simply hope to recoup some of their investment. While some are damaged, many are in excellent condition, with many people losing their RVs just a few months after purchase.
Confiscations and Surpluses
Federal, state, and local government agencies own sixteen properties for a variety of reasons. Some are for criminal activities, while others are for back taxes. After a specified period of time, these items, including RVs, are sold at auction to the highest bidder. Many will also sell repossessed RVs, which is where dealers often find stock.
Many of the same agencies also sell their surplus at auction. FEMA, for example, is currently selling tens of thousands of mobile homes and trailers that it previously stored for hurricane relief. Some of the RVs may be in salvage condition, but many others have years of life left in them. The key is knowing where to find the auctions.
buying from the government
It’s not as difficult as you might think to buy a used fifth wheel RV at one of these auctions. Simply bid up to what you are willing to pay. Many of the RVs start for as little as $100. If your bid is the highest, you win, just like any other auction. It’s up to you to bring the RV home.
There are websites that offer listings of all government auctions across the country. You can search by location, date, or by items listed for sale. It’s a great way to see what’s available. Some of the sites will even send you updates as new auctions are listed. If you’re ready to buy a used fifth wheel RV, a government auction should be your first destination.
