RV Auctions and Bank Repo Travel Trailers

The most important part of winning trailer auctions is what you do before you attend the auction and bid. The research and preparation done beforehand will help you choose trailers worth bidding on and determine the right price for each one.

Research Trailer Values
You should have a basic idea of what used trailers cost to purchase at a dealership or through a private-party as well as how much a dealer might offer for them as a trade-in. You can look in the trailer section of used vehicle guides, talk to local dealers about pricing, and look online and in newspapers and magazines for ad listings. This will help you spot potential deals right away.

Choose the Right Trailer
Live trailer auctions and RV Auctions have several trailers for sale while online auctions typically have many individual auctions going at the same or similar times. Whichever way you choose to buy, you will want to compare the trailers available and choose the best ones to bid on. Not only should you consider which ones will best suit your needs, but you should also focus on what condition they are in. Trailers that have too many problems or need several major repairs will probably not be worth your time and money. In a live auction situation, the less bidders that are interested, the lower the price is, so try to focus on ones that are not as appealing to others.

Set a Maximum Bid
You should always have a highest bid in mind and keep to it so you do not overbid in the emotions of the moment. This amount should reflect the value of the trailer in its current condition and the costs to fix any needed repairs. Make sure that it also works in your own personal budget. You can end up in quite a mess if you bid more than you can afford to pay.

With the right preparation, you can confidently bid at RV auctions and know you are getting a great deal when you win one.

People all over the country are getting excited about buying seized repo travel trailers at auction. RV trailers in the last few years, have become to many a home away from home and a great way to enjoy touring the country. Due to a recent change in the economic climate of this country, RV owners are looking for ways to try and save money. You may benefit from recent economic down turns. The chance to great deals increases with these economic downturns. The number of desperate sellers is increasing, with travel trailer repos being sold at bank auctions sometimes at 20% of retail.

New trailers, for the most part, are overpriced. RV buyers know that when they drive a new rv trailer off the dealer's lot, they will automatically lose up to 35% of it's retail value. I suggest buying used or repossessed travel trailers at auction as a great way to save a bundle of money. Avoid the dealer, to get the great deals available,instead focus on finding great deals through private party sellers, RV bank repos, or RV Auctions. or buying Repo trailers from a bank.

Unfortunately most repo trailers go to RV auctions only to get bought by dealers. Banks do not want to assume the role of professional trailer salesman. They only want to sell it as quickly as possible. You are still buying from a 3rd party when you buy from these second hand auctions.

It is a good idea to focus on local trailer auctions. Find bank repo trailers by contacting your lender and asking them if they have any RVs they are selling and to contact you later if they do. You may get lucky and a few lenders may be helpful. American General Finance is a big sub prime lender. They may be a good source for then. Trailer repos are sold in a silent auction or a vocal auction. Ideally, they will allow you to walk through before the trailer auction. Typically, the sales are final and you buy the RV trailer in as-Is condition.

Unlike foreclosed homes, most repo-ed trailers are in great condition with little wear and tear. Look for an RV in good condition for an excellent price. Fortunately, you can also benefit at an auction by getting a lot of upgrades. Look for trailers with useful upgrades like Internet access, generator, satelites and multiple slide out. You can get a lot more trailer for your money.

Focus is the first part of buying a repo trailer at an RV auction. It is important to have a ceiling bid in mid before bidding. This will help you avoid a avoid a bidding war and spend to much for the trailer at auction. The ceiling bid is the is the maximum you will bid so stick to it. The people who lose at an auction are the ones who become emotional and overbid.

When possible, allows make sure to inspect the 'repo trailer' before bidding. Find out whatever needs to be fixed and then deducted the amount of repairs from the price you are willing to pay. When it is not possible to inspect the trailer first, it is probably a good idea to factor in a contingency. A good percentage is 5-15% above the likely cost of minor repairs.

In most cases you are not stuck with the unit if you find any major unforeseen problems immediately after purchase. however it is best to know this beforehand. Auctioneer sometimes give you 24 hours to 3 days to have the unit privately inspected. This is strongly recommended.

Before you bid at 'RV auctions', it is important to know the approximate value of what you are bidding on. You can also use a guide book such as the NADA guide to determine the approx value of the repo trailer. If you use the NADA remember you are buying under private party value. You should be able to get it for trade in value or less. Most people do not have access to this value, but if you call a dealership they will be happy to give you a low trade in value to work with. (Especially if they think they might be getting a trade in.) Knowing the correct value is the best place to start when looking to get the best deal on repo trailers.

A popular place to buy repo trailers for sale is at auction because you can get such a great deal. With low initial bids, many trailers sell for well below their retail value and you will spend half or maybe less than what you typically have to pay for a used RV at a dealership. There are a few things to keep in mind as you bid to make sure you do not pay too much or choose the wrong one.

Know values. It is very important to have a good idea of the trade-in and market values of the trailers you are interested in. Ideally, you will be able to get the list of what will be available at the auction early enough that you can thoroughly research values by looking in guides, talking to dealers and checking out local ads and listings. Since repo trailers for sale are in different conditions and were maintained in different ways, it is hard to nail down a definitive price, but you should be able to figure out a good average or range for each one.

Inspect cautiously. Ideally, you want to thoroughly look over each repo trailer before you bid. Most auctions have a preview time to do this, so plan to attend and assume it will take you a few hours, especially if you want to look at several ones. Plan to look at your top choices first and then move on to others if you still have time.

Bid confidently. You should be prepared ahead of time with a maximum bid for each trailer you want to bid on. Double check it is the right one before you bid because the auction moves fast and there could be some that are very similar. Then enter the bidding and avoid any bidding wars. If the price gets too high at the RV auction, stop bidding and wait for the next one instead.

It is pretty easy to compare new trailers, but when you are looking at repossessed trailers, it can be a lot trickier to choose which one to buy. Each has been used and maintained in different ways by different people. The ages and conditions are more varied too. Use these guidelines to find the best repossessed trailers to buy.

Size and Type. Consider what size groups you will usually have, what living arrangements and amenities you want, how long your trips will be, and the limits of the towing vehicle if you are looking at a towed trailer to help you decide which size is best for you. Even if it was a great deal, you will not enjoy your trailer very much if it does not suit you.

Condition. You want to look for trailers where everything is in good working order and there are no major repairs needed. Since repossessed trailers are used, expect some wear and tear and the likelihood that they will need a few cosmetic touch-ups. Occasionally, you may be able to get a trailer for so cheap you can afford to make a major repair or two, but be cautious about doing this. You do not want one repair to turn into several and end up with a money pit on your hands.

Cost. Whether you are purchasing a repossessed trailer directly from a lender or bidding on one at auction, you should stay in your set budget. You also need to factor in the other costs of ownership as larger trailers will typically require more money to maintain and use.

Potential Upside. Most owners lose money when they sell their trailer because they depreciate. If you are able to find one cheap enough, you may be able to sell it for a profit even after you have used it. Some may not require any work but routine care while others may need a few repairs or an upgrade or two.

The information above works on all any trailers of different shapes and sizes you may be interested in.

Find the type of RV or trailer you want. The information above explain how to buy at a rv auction. Also you may want to check out our ebay RV auctions listed below for a chance to kind more great deals.Find them below with up to 50% off on their retail pricing. We hope you are looking for high quality RV trailers at the lowest auction pricing.

Ebay auction trailers may include:

Repo trailers

Coachmen
Cherokee
Fleetwood
Holiday Rambler
Jayco
Ultra-lite
Jamboree
Southwind
Dutchmen
Airstream
Challenger
Prowler
Kodiak
Holiday Rambler
Winnebago
Thor