Exploring the Contrasts: New vs. Used RV Financing Options

Created at :  Sep 8, 2023

Recreational vehicles (RVs) offer a unique opportunity to explore the great outdoors while enjoying the comforts of home on wheels. Whether you're a seasoned traveler or a newcomer to the RV lifestyle, one of the most critical decisions you'll face is how to finance your RV purchase. One of the primary choices you'll make is between new and used RV financing options. Each comes with its own set of advantages and considerations.

The Appeal of New RV Financing

Warranty and Reliability:

One of the primary attractions of new RVs is the manufacturer's warranty. New RVs typically come with comprehensive warranties that cover various components for a specific duration. This warranty can provide peace of mind, assuring you that any unexpected issues will be addressed without extra cost during the warranty period. New RVs also tend to be more reliable initially, as all components are in top condition.

Advanced Features:

New RVs often come equipped with the latest technological advancements, safety features, and modern amenities. You'll enjoy the benefits of improved fuel efficiency, better insulation, and the latest entertainment systems. If you crave the latest innovations and the most comfortable travel experience, a new RV may be the way to go.

Financing Rates:

New RVs typically come with lower interest rates on financing. Lenders tend to offer better terms for new vehicles because they are considered less risky due to their reliability and warranty coverage. This can result in lower monthly payments and potentially lower overall costs over the life of the loan.

The Advantages of Used RV Financing

Cost Savings:

Perhaps the most significant advantage of opting for a used RV is the potential for substantial cost savings. Used RVs can be significantly cheaper than their new counterparts, allowing you to get more for your money. This cost-effectiveness extends to lower insurance premiums and reduced depreciation, which can be substantial in the early years of ownership.


RVs, like most vehicles, experience significant depreciation in their first few years. When you purchase a used RV, you avoid the steepest part of this depreciation curve. This means that if you decide to sell your RV later, you may not experience as significant a loss in value as you would with a new one.

More Options:

The used RV market offers a wide range of choices, from older models with character to newer models that are still in great condition. With the variety of options available, you're more likely to find an RV that fits your needs and budget.

Lower Insurance Costs:

Insurance premiums for used RVs are generally lower than those for new ones. Since the value of a used RV is lower, insurance companies may charge lower premiums, helping you save even more money.


The choice between new and used RV financing options ultimately comes down to your budget, preferences, and priorities. New RVs offer the latest features, reliability, and warranties, but they come at a higher price. Used RVs, on the other hand, can save you a significant amount of money and may be more affordable in the long run.

Consider your financial situation, how frequently you plan to use the RV, and your comfort level with potential repairs and maintenance when making your decision. Whether you opt for the luxury of a brand-new RV or the affordability of a used one, the key is to select the option that aligns with your lifestyle and travel goals. Remember that regardless of your choice, RV ownership can be a rewarding adventure that brings you closer to the beauty of the open road.