HOW TO SELL YOUR RV
Are you tired of your old RV?
And you want to sell it but don’t find an authentic way to do so… Stop here. This blog is just for you. In this blog we’ll see how to sell your RV in the best deal, so that you can save enough to buy yourself a brand-new RV.
Probably, You bought the previous RV many years ago, when technology and engine power was not that advanced as it is now. The desire to experience best can lead you to buy a new RV or you’re tired, taking care of a big best class motorhome that you hardly use for a road trip. In all the cases, it’s definitely a better idea to sell your RV, but the key is to get a better deal while selling your caravan vehicle.
There are many methods for selling campaign vans, or conversion vans, but not all provide market competitive rates for your RV. In this blog, we’ll break down the methods available in 2021 to sell your RV, how these methods work, and which method provides best deals for your recreational vehicle.
Different Procedures to Sell Your RV 2021
Consignment of RVs to a Dealer
In this method, you deal with a local RV dealer to sell your vehicle at the best rates, however a dealer shares a specific amount of profit after trading the RV.
Privately selling RV
Here you have to sell it on your own by listing it on various sites, or personally showcasing your campervans to the possible buyers. You may know how long will it take to change the ownership of your RV.
Listing sites for RV trading
With the advent of digital era, this method got popular as here you put the digital images of your vehicle over various online RV trading websites, that help you reach the audience of potential buyers. But the documentational and other procedures need improvement in this method. Online market places include Facebook, RV trader and many other trading sites.
RV Trade-ins
You can also trade-in your old RV for the new version of your favorite RV without actually selling it. This way is perfect to upgrade your vehicles.
In all these methods, basically two methods are most popular and mostly preferred by both buyers and sellers. These two methods are Consignment and private selling of caravan vehicles. Nonetheless whatever method you decide to go for, you need to know the actual worth of your campaign van before selling it. You can determine the market value of your RV what is my RV worth?
After you get to know the market value of your caravan, you can now better decide which method you should use to get rid of your old RV. Here we’re discussing both the popular methods in detail and analyzing which is the best one for your needs.
Consignment of an RV
It is best procedure to sell your used RV, as you don’t have to struggle in marketing or searching buyers for your RV at all. All the hustle of selling an RV goes in the account of dealer or your local RV trader, who take each and every responsibility that lies in the process of selling a motorhome.
Make no mistake here, as your RV dealer is not your actual buyer of RV but a middle man to connect you with potential buyer of your Campaign vans. The owners of RV consign their RV to these dealers for a specific period of time in which the ownership of vehicle remains attached to their names.
Furthermore, during the consignment period, the motorhome is shifted from the owner’s garage to the dealer’s lot. However, the owner remains liable for any financial responsibilities of the vehicle. This implies that, for any damages or engine needs the owner has to pay.
The dealer, on the other hand, takes care of all the marketing strategies for vehicle, your buyers’ appointments, their investigating tours on the lot for vehicle, and repair expenses. Therefore, after successful selling of your RV they take a minor ratio of profit for their hustle. This share in profit varies and depends upon individual dealings, i.e, there is no fixed ratio of profit for every RV classes.
Terms and Conditions of Consigning an RV
There are some Terms and conditions of consigning an RV to the local RV trader, which bind both the owner and the Dealer.
Firstly, during the consignment period, the owners cannot sell their best class motorhomes, anywhere else. Usually, the consigning period lasts about 90 days, after which if the RV is not sold out, then owner needs to pick up the caravan from the dealer’s lot or consider updating the consignment contract for another 90 day period to get buyers.
Secondly, it is allowed that owner can go for consignment insurance while his/her vehicle is standing at the dealer’s lot because eventually he/she is responsible for all the financial payments for repairs and damages, in any case of trouble.
Furthermore, dealers are responsible to establish market competitive rates for the vehicle by undertaking best advertising strategies and assigning their sales person a duty to call potential buyers and tell them about the RV’s features.
Lastly, you cannot advertise your RV on any other platform if its is already in consigning period with your dealer.
5 Questions before consigning an RV:
- Does your dealer charge on the basis of plain percentage or commission?
- What is the duration of the consignment contract?
- Will your dealer provide repair and preparatory services for your RV?
- What is the popularity base of your dealer? Or Can this dealership fetch you potential buyers?
- Carefully examine what are the marketing strategies of your dealer?