Life with a recreational vehicle (RV) can be alluring. Maybe that’s why nearly 8.1 million American households own an RV according to an RV Industry Association 2025 study. These vehicles, which include motorhomes, trailers, and campers, offer a respite from everyday life – you can adventure on your own terms in the comfort of your very own home-away-from-home.
With so many options on the market, deciding what type of RV to buy can be overwhelming. A good place to start is choosing whether you want to purchase a new or used rig.
Why Buy a New RV?
A new RV’s price tag can be shockingly high when compared to the going rates for used RVs, but there are certain situations where it makes sense to buy new.
- Customization. Manufacturers can personalize an RV during the building process. If you know exactly what you want, whether it’s an upgraded sound system or a nicer kitchen, purchasing a new RV offers the opportunity to select your favorite features and finishes to truly make it your own.
- Decreased initial maintenance costs. On average, new RVs have fewer maintenance costs upfront since there hasn’t been any wear or tear on the parts yet. You’re starting with a clean slate, meaning you don’t have to worry about previous improper or irregular maintenance that could lead to future problems.
- Warranty. Most new RVs come with a limited warranty plan that will cover certain malfunctions or issues. Buying from an RV dealership lot can help you understand what’s covered in more detail since warranties vary by manufacturer and model type.
- Better fuel efficiency. Newer technology and building practices can mean less money spent at the pump. Keep in mind that factors like driving habits, size, and engine type also factor heavily into your rig’s miles per gallon (MPG) rate.
Why Buy a Used RV?
The most obvious reason to buy a used RV is to save money on your upfront purchase price, but there are other factors to contemplate as well.
- Less sticker shock. The going rate of a used RV will be less than a new RV. The general consensus from J.D. Power is that you’ll lose roughly 50% of a new RV’s total purchase price within the first five years. While there will be continued depreciation over time, the initial rapid depreciation curve likely won’t happen with a used RV.
- Flexibility for the future. If you’re a first-time buyer or unsure of how an RV will fit into your lifestyle, opt for a used rig in case you want to get something else within a couple of years. With regular use and adventuring, it will become clear what features matter to you and which ones don’t.
- Varied inventory. Instead of having only the most current and new models to choose from at an RV lot, buying used means you’ll have access to a wider selection of rigs and price points.
- Reduced insurance costs. A used RV is worth less than a new one, so it’s typically cheaper to insure. Talk to an experienced agent, like our team at TwinStar Insurance Services, who can provide a free quote.*
It is important to note that, like anything you get second-hand, there’s a chance you could end up spending more money to fix problems. Inspect any used RV carefully before buying. Ask questions to verify the vehicle has been maintained properly, it doesn’t have water damage, and all appliances are in working order before completing your purchase.
Other Considerations When Purchasing an RV
Buying a RV is a large purchase with ongoing expenses to account for – things like maintenance costs, insurance rates, fuel expenses, and storage fees for recreational vehicles. It’s important to plan so you stay within budget and are satisfied with your purchase.
When choosing to buy a new or used RV, other helpful details to contemplate include:
- Features. It’s helpful to know your “must-haves” so you can save time and narrow your search.
- Brands and models. There are several manufacturers and models to choose from, depending on if you want basic or high-end options.
- Market price. To successfully negotiate, you’ll need to know what a current fair price is for your selected vehicle type.
- Budget. Estimate your monthly payment with our loan calculator to fully understand just how much RV you can afford.
- Availability. Will you be buying an RV out of state? If so, factor in added travel costs and be prepared with the right paperwork so you can register the RV in your home state.
Final Thoughts
Whether you choose to buy a new or a used RV, the open road and countless memories await you. With up to 100% financing available on RVs up to 15 years old, find the rig – and monthly payment – that meets your needs with a TwinStar Credit Union RV Loan.
Give us a call at 800.258.3115, apply online, or visit your local branch to get adventuring in comfort today!
All loans subject to approval. RVs: Includes campers, tent and travel trailers, fifth wheels, RV, and motor homes. Excludes recreational park trailers, tiny homes, commercial or commercial use, Toter, and Toter Home vehicles. Excludes ANY unit lived in (or planning to live in) 5 or more months during the year. Model years 2025-2020; older model 2010-2019.
* Insurance products and services are offered through and underwritten by SELCO Group Inc., dba TwinStar Insurance, which provides insurance services for TwinStar Credit Union as an independent contractor. SELCO Group Inc. is a licensed insurance company domiciled in the State of Oregon. Business conducted with TwinStar Insurance is separate and distinct from any business conducted with TwinStar Credit Union. Products offered through TwinStar Insurance are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the TwinStar Credit Union, and may be subject to risk. Any insurance required as a condition of an extension of credit by TwinStar Credit Union may be purchased from an agent or insurance company of the member’s choice.