travel trailer repo auctions

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Repossessed rvs for sale.

Search and find RVs well below market prices. View used and repo or repossessed RVs for sale by make and model for amazing savings. In some cases, up to 50% or more on the listed price!

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2019 Four Winds Majestic 23A

Year:  2019

State:  UT

Price or Balance Due:   GET ACCESS NOW!

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2022 Vanleigh RV Beacon M-41LKB

Year:  2022

State:  NY

2014 Thor Motor Coach Palazzo 36.1

Year:  2014

State:  FL

2024 Forest River Aurora 16RBX

Year:  2024

2018 Thor Motor Coach Vegas 24.1

Year:  2018

State:  TX

2023 Jayco Pinnacle 36ssws

Year:  2023

State:  AZ

2019 Vanleigh RV Vilano 375RL

State:  OK

2014 DRV Mobile Suites 38tksb3

2021 Thor Motor Coach Tiburon 24fb

Year:  2021

State:  GA

2018 Thor Motor Coach Venetian m37

State:  WA

2008 Fleetwood Discovery 40x

Year:  2008

State:  OH

2016 Thor Motor Coach Miramar 34.2

Year:  2016

2021 Cherokee Arctic Wolf M-3990SUITE

State:  CA

2017 Thor Motor Coach A.C.E. 30.1

Year:  2017

2022 CrossRoads Cameo 3891MK

State:  WI

1977 Airstream Airstream Sovereign 31

Year:  1977

2020 Keystone Laredo 353FL

Year:  2020

2015 Winnebago Itasca 35f

Year:  2015

2014 Thor Motor Coach A.C.E. 30

2022 Grand Design Solitude 3740BH

2022 Thor Motor Coach Tiburon 24TT

2015 Keystone Fuzion 371

State:  PA

2020 Thor Motor Coach Freedom Elite 22he

2005 Damon Challenger Damen Challenger M-353

Year:  2005

State:  VA

2016 Forest River Georgetown Gt3 31B

Buying a repossessed RV gives you buying power leverage. Banks don’t want to hold RVs, they just want their loan paid off. That’s why it’s a buyer’s market when buying a repossessed RV. You can low ball the banks and get a great deal. Class A RVs (gas/diesel), class B RVs, class C RVs, fifth wheels, travel trailers, car haulers and more are available at discounted prices.

Don’t wait, popular RV brands, like Winnebago , Fleetwood , Forest River , Thor Industries , Keystone , Monaco , Holiday Rambler and Country Coach are listed and sold sometimes on the same day.

Our inventory changes daily, because of new Bank repossessions, dealer trade-ins, police auctions, etc. so be sure to check back daily for new deals.

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Discover Camping

Ami rvs and camper sales ami auction, business hours : monday – thursday 9-5., friday and saturday by appointment only –, call jim 320-309-6195., closed sundays ., new, crashed campers are arriving weekly and selling for about half of retail.  these units were damaged in transit, don’t miss out, new & used rvs and campers for sale everyday.

AMI has a great selection of 5th wheels and travel trailers in stock! Priced below book! 

AMI RVs is the LARGEST dealer for NEW CRASHED RVs that were damaged during transit!  AND we’re  the leading liquidator of repossessed RVs in central Minnesota!

No need to wait for auction when you can buy TODAY! Come Check us out!

New & Used Inventory

Rvs – buy one now, next auction, our next auction has not yet been scheduled. please check back., ami is happy to provide financing for your marine and rv purchases, ask any associate for info.

T oll F ree : (800) 633.7172 P: (954) 791.9601   F: (954) 791.8188

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National Liquidators...We'll Get you Rolling with a Great Deal on a Used RV

National Liquidators has handled over 30,000 asset recoveries since our inception in 1988. We sell all types of repossessed and brokerage RVs including Class A and C motorhomes, bus conversions, 5th wheels, hybrids, travel trailers, campers and more.

As America's largest boat and yacht liquidation company, National Liquidators has expanded our sales and service expertise to include RVs and aircraft. Our inventory includes bank repossessions, foreclosures and brokerage RVs. We maintain an experienced staff at our RV sales facilities in Fort Lauderdale, Florida, and Cleveland, Ohio and we can transport anywhere in the United States. We're a one stop shop for motorhome enthusiasts!

Weekly RV Auctions

Through our weekly RV auctions, we sell our inventory using a sealed bid system, closing every Monday at 4:00pm EST. For more details, please read about our bidding process . Our motorhome auctions are open to the public; we welcome retail buyers and dealers to bid on the used RVs for sale. Potential buyers are encouraged to visit one of our storage facilities to view our selection or call (800) 633-7172 for more information.

Continually Changing Inventory

Our inventory is continually changing; so check back often to view all of the recreational vehicles for sale. Or you can contact us by signing up to receive email updates of new inventory as it becomes available.

Financing Available

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The 7 Best RV Auctions: Companies, Processes, and Inventories

It’s no secret that some great deals can be found at RV auctions.

For those seeking the freedom of the RV lifestyle without breaking the bank, used RV auctions can be a great opportunity.

Below we list 7 RV auction companies and provide a profile of each, including their inventory, processes, and purchase mechanisms. We also provide a link to each.

You can peruse their current listings to get a sense for what’s available and pricing.

We also provide information on how RV auctions work, and tips for successful bidding.

RV Auction Companies

1. auctiontime, 3. crankyape, 5. equipmentfacts, 6. ritchie bros, 7. salvagebid.

There are numerous one-off RV auctions that take place, usually as part of an auto auction or equipment auction.

AutoTrader lists many of these auctions on their website . The list changes frequently, so check back to see if there is one you may be interested in.

Below is a sample list of auctions from their website, listed in November 2023. The third listing includes RVs.

AutoTrader RV Auctions Website

If you do a search for “RV Auctions,” you will get many results.

These include one-off auctions that take place only once, as well as large auction houses that have auctions ending every day.

We compiled a sample of 7 auction websites that include RVs of various makes, models, and conditions. These auction websites are available all the time, rather than being a one-off auction that lists RVs.

The table below presents a summary of the auction houses we reviewed. Copart is clearly the biggest supplier of used RVs at auction. Details for each is listed below.

Sample of RV Auction Companies

For each of these seven auction sites, we provide an overview of the company, identify where they get their RVs to sell, list of locations, and RV selection available.

AuctionTime specializes in the sale of agricultural, construction, and heavy equipment, but also incudes a search category for “RVs.” See below for a screenshot that includes a search category for “RVs” using the icon for an RV.

AuctionTime RV Auctions Website

AuctionTime RV Sources

The RVs up for auction on AuctionTime can come from a variety of sources. Common sources of RVs on this website include RV dealerships, individual sellers, rental companies, financial institutions, and fleet owners.

AuctionTime Locations

AuctionTime’s auction locations can be anywhere in the United States. The locations vary based on which auctions are open at any given point in time.

AuctionTime RV Selection

AuctionTime’s search filters includes a list of 38 RVs, broken out by Class As, fifth wheels, pop-up campers, travel trailers, teardrop trailers, and toy haulers. The number of RVs in each category is listed in the filter section in the bottom left corner of the screenshot below.

AuctionTime RV Auction Search Filters

Copart is a leader in online car auctions, featuring 1,000s of used, wholesale, and repairable vehicles.

In addition to cars, Copart offers a wide array of clean and salvage title RVs through their online auctions.

Copart RV Auctions Website

Copart RV Sources

Copart obtains its inventory from sources such as insurance companies, financial institutions, and individuals who sell their vehicles to the company. These RVs may have clean or salvage titles.

Copart Locations

Copart has 193 locations across the United States. You can search their website by zip code to find a location near you. The auction website also allows you to filter by geographic area.

Copart RV Selection

Copart had 3,875 RVs listed for sale on their website, as of November 2023. These range in years from 1963 to 2024 models.

They have a good selection of vintage RVs, including a 1963 Airstream with hail damage, a 1968 Sunbeam camper with minor dents, and a 1971 Winnebago Indian truck camper with water damage.

CrankyApe is an online auction company specializing in the remarketing of bank repossessed, insurance repairable, and consignment RVs.

CrankyApe specializes in various types of RVs, including ATVs, cars, motorcycles, RVs, snowmobiles, trailers, trucks, watercraft, and miscellaneous items. The company’s primary goal is to facilitate the sale of items listed on its website through online auctions.

CrankyApe RV Auctions Website

CrankyApe RV Sources

CrankyApe acquires its vehicles, including RVs, through various channels. The company specializes in the remarketing of bank repossessed, insurance repairable, and consignment vehicles. 

CrankyApe Locations

CrankyApe has seven pickup locations for RVs bought on its website. RVs may be located at any of these locations, which is shown when you search on the website.

• Georgetown, Texas
• Goodyear, Arizona
• Hastings, Minnesota
• Michigan City, Indiana
• Phoenix, Arizona
• Spokane, Washington
• Valdosta, Georgia
• Weatherford, Texas

CrankyApe RV Selection

As of November 2023, CrankyApe had 52 RVs for sale on its auction website.

These represented a mix of travel trailers, fifth wheels, Class As, Class Cs, and living quarters horse trailers. Model years ranged from 1995 to 2022.

eBay is a well-known online marketplace that connects buyers and sellers, offering a vast range of products across diverse categories. Founded in 1995, it has become a go-to platform for both new and used items.

eBay includes both auction and buy-it-now type listings.

However, eBay doesn’t just sell home goods, used tools, clothes, books, and other items. It also features a large automotive marketplace, including RVs. It may not be the first place you think to look for an RV auction, but there are some good deals to be found.

eBay RVs for Sale at Auction

eBay RV Sources

eBay provides RV listings from private sellers and RV dealers. You can filter for either type of seller.

eBay Locations

The RVs for sale on eBay are available across the US. The location depends on where the seller is located.

eBay RV Selection

As of November 2023, eBay listed over 2,000 RVs for sale. Most of these were in the “Buy It Now” category, with a set price.

Filtering for RVs at auction, eBay had 66 results. Model years ranged from a 1967 Aristocrat Lo-Liner travel trailer, to a brand new 2024 Thor Challenger 37DS Class A motorhome.

Many of the RVs listed on eBay have reserve prices set, so the bids must get above the minimum amount decided by the seller in order for the deal to go through.

EquipmentFacts is an online platform that facilitates the auction of various types of equipment, including farm equipment, construction equipment, commercial trucks, and RVs.

This website enables potential bidders to connect with sellers through various means, including phone, email, video chat, and popular apps like WhatsApp and Facebook Messenger.

Some auctions are held online, while others listed are on-site auctions. The on-site auctions also allow for live bids via the website, so you do not have to be in the physical location of the auction you’re interested in.

The website allows for extensive searching and filtering by type of auction, location, make/model, keyword, etc. A keyword search of “RV” provided 88 listings in November 2023.

Equipmentfacts RV Auctions Website

Equipmentfacts RV Sources

The RVs listed for auction on Equipmentfacts vary, based on the specific auctions and sellers involved. For RVs, these can include rental companies, financial institutions, government agencies, private sellers, fleet owners, and others.

Equipmentfacts Locations

The website promotes auctions taking place all across the United States. Bidders do not have to be in the same geographic location to place a bid, including for on-site live auctions.

Equipmentfacts RV Selection

In November 2023, Equipmentfacts had 88 RV listings. These range from a 2008 Freedom Express Ford F450 RV to a 2023 Coachmen Clipper 12.0TD Max travel trailer.

Ritchie Bros specializes in the sale of used equipment and assets across various sectors, including construction, agriculture, transportation, and more. With a history dating back to 1958, Ritchie Bros. has established itself as a trusted platform for buyers and sellers.

Ritchie Bros RV Auctions Website

Ritchie Bros RV Sources

RVs on the Ritchie Bros website come from a variety of sources, including individual owners, dealerships, rental companies, financial institutions, and others.

Ritchie Bros Locations

Ritchie Bros operates globally, including auctions across the United States and Canada. The locations vary based on what is for sale at that time.

Ritchie Bros RV Selection

A search of RVs up for auction on the Ritchie Bros website showed 13 results. The RVs ranged from a 2023 Grand Design Transcend 235BH travel trailer, to a 2006 Keystone RV Cougar 276EFS travel trailer. The availability of RVs for sale varies based on the auctions that are live at any given point in time.

SalvageBid is an online auction platform that primarily focuses on salvaged vehicles. A salvaged vehicle is one that has been damaged, often due to accidents, floods, theft recoveries, or other incidents.

These vehicles may have been declared a total loss by insurance companies. The process often involves insurance companies determining that the cost of repairs to bring the RV back to a fully functional and safe state exceeds a certain percentage of the vehicle’s pre-damaged value.

Salvage RVs can require a large investment to make road worthy again, but there are also some listings that require minimal work.

SalvageBid RV Auctions Website

SalvageBid RV Sources

The RVs available on SalvageBid typically come from situations where the vehicles have been declared salvaged by insurance companies.

SalvageBid Locations

SalavageBid has pickup locations located across the United States. The exact location is based on where the RV is located.

SalvageBid RV Selection

As of November 2023, SalvageBid had a total of 329 RVs listed for sale. These ranged from a 1969 Airstream travel trailer that had flood damage, to a 2023 Aliner Ranger 12 travel trailer that had extensive hail damage.

Discovering Vintage Gems: Restoring RVs Found at Auctions

One of the hidden treasures within the world of RV auctions is the opportunity to uncover and restore vintage RVs.

If you have a penchant for nostalgia and a desire to revive the glory of days gone by, auctions can be the perfect hunting ground for these classic gems.

A Haven for Vintage Trailer Fans

Auctions often showcase a unique collection of vintage RVs that hold the charm of a bygone era.

Whether it’s the iconic Airstreams of the mid-20th century or the classic camper vans from the ’60s and ’70s, these vehicles embody a timeless allure that resonates with fans eager to bring history back to life.

The screenshot below shows a sample of vintage RVs for auction at the Copart website. (More on Copart below.)

Copart Vintage RV Auctions Website

Restoration Projects Abound with RV Auctions

For those with a passion for hands-on projects, buying a vintage RV at an auction provides the ideal canvas for restoration.

These timeless vehicles may require some TLC, but the satisfaction of breathing new life into a piece of history is immeasurable. It’s not just about owning an RV; it’s about preserving and celebrating a piece of travel history.

Vintage Trailer Supply is a great option for finding restoration parts for vintage trailers.

The Allure of Used RV Auctions

Cost-effective adventure.

Used RV auctions offer a budget-friendly alternative to purchasing a brand-new RV.

Whether you’re an experienced traveler or new to the RV lifestyle, auctions offer a chance to purchase an RV at a significantly lower price than its original cost.

Diverse Selection at RV Auctions

Auctions feature a wide selection of RV types, including everything from small campers to large motorhomes. This variety ensures you can find something that matches your taste and travel requirements.

The excitement comes from uncovering hidden treasures among the many vehicles up for auction.

Buying an RV at an Auction

Types of RV Auctions

RV auctions come in two types: public and dealer.

Public Auctions

Public RV auctions are accessible to a broad audience. Anyone with an interest in purchasing an RV can participate in public auctions without extensive prerequisites.

Dealer Auctions

Dealer RV auctions are exclusive events, mainly serving professionals in the RV industry.

To participate in dealer auctions, you’ll need an RV dealer license and have to comply with specific credential, insurance, and business licensing requirements laid out by your state and/or county. Given the specialized nature of these auctions, it might be easier to work with an RV broker who can handle the licensing details and bid for you.

If you’re looking for a list of RV dealers in your area, check out our guide on 7 searchable RV dealer directories.

Plan Ahead for RV Auctions

When you’re looking to buy an RV at an auction, there are a few crucial things to remember:

First off, make a plan for which RVs you’re interested in and decide which one you really want the most.

Also, steer clear of getting caught in bidding wars. It’s vital to know when to bow out and consider a different RV. Make sure to set a budget for yourself to avoid going overboard and spending too much on an RV.

You can review estimated NADA values on the J.D. Power website for free .

The condition of the RV you are considering is a big factor. It will greatly affect how much money you have to put into it to get it in shape for travel. (You may also like our post about RV Depreciation .)

Auction Considerations

Access to vehicle history reports.

A lot of auction houses offer vehicle history reports, which can give you a good look into an RV’s background.

This info is super helpful when you’re deciding to buy, since it can show you things like if the RV’s been in accidents, its maintenance history, and other important details. With this knowledge in hand, you can bid more confidently, knowing exactly what you’re investing in.

Another very useful tool is the National Insurance Crime Bureau’s VINCheck Lookup website.

VINCheck is a free service for the public, helping identify vehicles with potential insurance theft claims, unrecovered status, or salvage reports from participating NICB member insurance companies. Use the vehicle identification number (VIN) for up to five searches per IP address within a 24-hour period.

Inspections

In most cases, auction companies will allow potential buyers to inspect an RV before bidding.

Be sure inspect the RV to ensure that it is in good condition and worth the price. This hands-on approach ensures that you are well-informed about the condition of the vehicle, helping you make a more confident bid.

One of the most common types of damage to RVs is water damage, which can be very hard and expensive to fix. Water damage can cause staining, discoloration, and soft spots in the RV. 

Another type of damage that can occur is from accidents or collisions, which can cause structural damage to the RV. 

Neglect and lack of maintenance can also cause damage to an RV, such as worn-out tires, rusted parts, and mechanical issues. Be sure to check for these before you bid on any particular RV listing.

It may be worth the cost to have the RV inspected by a professional. The National RV Inspector Association provides certification and credentials for professional RV inspectors across North America. You can search their website for certified RV inspectors in your area.

Reserve Price

In an auction, a reserve price is a minimum price that a seller is willing to accept for an item.

It is typically set by the seller before the auction and is usually kept confidential from bidders. Sometimes it is posted on the auction listing, but frequently not.

Buyer’s Fees

Buyer’s fees in RV auctions are additional costs that buyers need to consider when purchasing an RV. These fees are typically charged by the auction company and are added to the winning bid.

The common rates for buyer’s fees at RV auctions can vary but are generally in the range of 5% to 10% of the winning bid.

Payment and Financing

RV auctioneers accept several financing and payment options, but it depends on the specific auctioneer. Some options include:

• Cash : Usually customers pay for their RV outright with cash or a check. This is the simplest form of payment, but it may not be an option for everyone.
• Loans : Loans are sometimes available from the auctioneer, or the buyer can secure payment from a bank. This can be complicated, as many RVs at auctions would not qualify for a traditional RV loan.
• Credit cards : Some auctioneers will accept credit cards. There is sometimes a credit card fee of about 3%.

RV Pickup or Delivery

RV auctions usually require buyers to pick up the RV after the auction within a given time frame, but it depends on the auction company’s policies.

Some auction companies may offer delivery services for an additional fee, while others may require buyers to arrange for their own transportation.

Whether or not RVs at auction have clear titles can vary depending on the auction company and the state in which the auction is taking place. In some cases, the RV may have a clear title, while in other cases, the title may be missing or have a lien on it.

Check with the auction company beforehand to determine the status of the RV’s title.

Return Policy

Return policies at RV auctions can vary depending on the auction company’s policies. Some auction companies may allow returns within a specific number of days, but most others do not allow returns at all, and sell the RV in an “as is” condition.

Going through the world of used RV auctions is an exhilarating journey for adventure seekers and budget-conscious travelers alike.

From the thrill of live bidding to the satisfaction of customizing your new home on wheels, auctions offer a unique and cost-effective way to join the RV lifestyle.

With careful research, a set budget, and a dash of adventurous spirit, you might just drive away with the RV of your dreams. So, rev up your engines and get ready to bid your way to the open road!

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Buying a bank repossessed (foreclosed) RV camper such as motorhomes, toy haulers, fifth-wheels, and travel trailers can represent significant savings, however actually buying a repo at auctions, or directly from the lender, often isn’t quite as simple, fast, or easy as you might think at first .

In this article we will try to help you cut through the confusing mess you’ll encounter when trying to locate a bargain-priced unit on the Internet. Here are a few important matters you need to consider during your search:

• Many of the RVs advertised as repossessed units really aren’t repos. This section explains what you need to know before you start shopping .
• Where to find RVs that are actual units for sale by the lender, or units put up for auction by the lenders .
• Researching through Repo Auction Websites
• Contacting Local Banks, Credit Unions, and Lending Companies in Your Area
• The idea of buying a repossessed RV versus the reality. Are you really getting a bargain or would you be better off buying a used RV from a local dealer?
• Salvage RVs – Are you mechanically inclined? Consider looking into the murky world of damaged RVs for a unit you can repair yourself.

Many of the RVs advertised as repossessed units really aren’t repos . This section explains what you need to know before you start shopping.

So, you’ve logged onto the Internet and done a search for repoed RVs for sale and you’re presented with a page full of results touting repossessed units that you can buy right now. Here is what you need to know when you’re browsing the search results you’ve found:

First, a great number of RV Dealerships are advertising that they have repossessed RVs for sale. In fact, in a roundabout way the dealership may be selling an RV that was, or still is, a repo. The problem is that after the RV dealer has prepped, repaired, and added their markup to the amount needed to pay off the bank or credit union that was the original lender, you’re actually buying a used RV priced no differently than any other used RV on the lot.

Second, unless you are buying directly from the actual lender, or from an auction that represents the lender, you aren’t really buying a repo. With auctions, you will incur additional costs over and above buying directly from the lender.

Take a close look at the search results you’ve uncovered on the internet. Odds are that you’ll click through an incredible number of listings before you find a repossessed RV for sale by the actual lender that had to take the unit back . The next logical question is how to find the actual lender that has an RV in its repo inventory?

Where to find RVs that are actual units for sale by the lender, or units put up for auction by the lenders.

If you’ve been doing your own Internet search for repossessed RVs for sale then by now you’ve discovered that far too many of the pages listed are actually used and new RVs listed by dealers and brokers. Below, we’ll try to help you cut through the crap.

Researching Direct From Lender Repos

Lenders such as Banks, Credit Unions, and other finance companies unload their repossessed inventory primarily through physical auction houses, online auction services, and their own websites. You can locate the repo pages for many lending institutions through a web search.

One of the easier searches you can do is for credit unions offering lender-owned units for sale. You will have to have a lot of patience wading through each website and most of the listings will contain repossessed automobiles. There will also be a few RVs that show up.

At google.com and enter this search term in the search box: “credit union” + repo -.com and you will see pages of lender-owned inventory. The problem is narrowing your search down by state. A website that has already taken care of sorting the lending institution’s RV repos by the state is https://www.repofinder.com/blog/repo-rvs-sale/ .

Researching Repo Auction Sites

While you are researching repo auction websites on the Internet you are going to find companies that are dealers disguising themselves as auction sites. When a company inspects, repairs, and then offers up an RV for sale, they are a dealer adding on a profit margin, not a lender trying to unload repossessed inventory. Don’t be fooled by clever wording and website design.

eBay – Many sellers on eBay know that there are quite a few people searching for repo RVs and have manipulated their listings to show RVs that are in fact not repossessed. Most of the repo listings on eBay are from dealers that have either acquired a repo and done work to it or are just falsifying their listings. If you do your own direct search on eBay for yourself don’t be shocked that many, or most, of the listings aren’t repos. There is an excellent chance that you will not find a legitimate repo RV listing on eBay.

Should you decide to bid on an RV you’ve found at CrankyApe, bear in mind that you will have to factor in these important facts:

• The RV will have to be picked up by you at one of the warehouses listed over here–>
• RVs sold through CrankyApe are sold AS-IS with no guarantees. Therefore, it is important that you verify the make, model and year manufactured are accurate. In addition, there may be damage to the unit or non-functioning equipment. It is your specific responsibility to verify the condition of the RV you’re bidding on. To see and inspect the RV you may have a long trip to where the unit is available for potential buyers to view. On their webpage, CrankyApe provides a list of independent contractors that you can hire to inspect the RV for you. The link to this resource can be viewed by clicking here .

To bid on repossessed RVs at CrankyApe you will have to pay a fee to register at their website. Before you sign-up with them, you should take the time to read their FAQ page by clicking here .

AMI – Asset Management Inc . is an online auction and live auction service available to the public. According to their website, AMI auctions repossessed RVs for banks and financial institutions. Do your due diligence before you sign up to place a bid and make sure that you know where the RV you’re wanting to bid on is located. This company is based in Minnesota. You can visit their website at http://www.amiauction.com .

Contact Local Banks, Credit Unions and Lending Companies in Your Area

For most people looking to buy a repossessed RV, asking the local banks within a reasonable driving range if they have a bid sheet you can fill out for their repo inventory is a good starting point.

Every lender’s policies are different and you’ll want to inquire whether they:

• Accept bids up to a set date for specific units (Are they holding the RV until multiple bids have been received)?
• Accept reasonable offers to buy the RV now?
• Will tell you what they will accept right now for the unit?

You will also want to be able to inspect the RV to determine the extent of damage, if any, to the unit. Do as much research as possible to find out what the actual fair market value is for the exact year, make and model of the RV they are selling. Don’t be surprised when you discover that the RV is worth less than the outstanding loan balance the bank insists it needs to collect .

The idea of buying an RV repo versus the reality. Are you really getting a bargain or would you be better off buying a used RV from a local dealer?

Yes, it is a fact that you can save thousands by buying the right repossessed RV for your camping adventure. However, odds are that to find that bargain you are going to have to do some serious work, spend lots of time in research, be prepared to travel, and do a fair amount of repair work yourself. Below are a few things you need to consider in your quest:

• One of the first problems you’ll encounter is time and patience. It could take days, or months to locate an RV that will work for you. If you’re in a hurry to buy an RV then trying to find the perfect bargain from a lender or through an auction might not be for you.
• Whether you are looking at a bank repo for sale by the original lender from their inventory, or a unit listed for sale at an auction site, you first have to understand whether or not you’re getting a fair deal. Don’t be shocked when you find out that your local bank is asking more for the RV than its actual NADA value . This is because often more is owed to the bank than the RV is actually worth. To get a starting price point, find out what the average price the RV is bringing at RV Dealership lots and what it is valued at through the NADA guides. If you can’t get the repossessed RV at a steep discount from the average fair market value then you may want to consider buying from a dealership where you can at least get some minimum warranty. When you buy a real repossessed RV there are going to be a lot of extra costs you’ll need to take into account to determine whether you’re getting a good deal.
• The RV you’re interested in buying could be located hundreds of miles from where you live. Are you willing to invest time and money going to inspect the unit and then back again to pick up the RV if you’re the successful buyer? Are you willing to pay someone to inspect the RV for you? Are you willing to pay someone to deliver the RV to you if you can’t go pick it up yourself? The distance factor can be very expensive.
• Can you get a good estimate to repair any substantial damage to the RV? Keep in mind that all RVs are fragile pieces of equipment prone to frequent and expensive problems. It is easy to find yourself faced with thousands of dollars in repair bills to repair or replace non-functioning appliances, heating and cooling equipment, brakes, tires, and general interior or exterior damage. One often-overlooked hazard with an RV is needed roof repairs that are easy to miss, particularly when you assume that since no leaks are apparent that the roof must be in good condition. Can you afford to pay to have the repairs done, or will you be able to do most of the work yourself? It is far too easy to underestimate repair costs if your need to own the RV overrides your common sense. Repair problems can begin on day one just trying to get the RV street legal, depending on the current condition of the unit. Be prepared for the worst before you get the RV home and then happy when things go smoothly. Then there are the costs of paying the auction company its fees, costs to transport the RV to you or pay to have it delivered to you. If there is a delay before you can arrange to pick up your RV are you going to have to pay extra storage costs? Is there still a warranty on the unit? If so, does it transfer to you and do you have to pay a transfer fee for the warranty? Are you getting a clear title or a certificate of repossession? If you’re getting an out-of-state certificate of repossession, issued so the lender isn’t required to have a signature on the title to sell the RV, then you need to find out if your local licensing agency will accept the out-of-state certificate of repossession and issue you a new title. If you aren’t absolutely certain you can get a clean title then you should move along to the next RV that meets your needs.
• Do you really understand the terms and conditions of the lender or auction service you’re buying from? It is worthwhile to take your time to ensure that you aren’t obligating yourself to some contingency that you don’t want to have to deal with. Most of these sales are “as is” and may require that you meet certain conditions before you’re allowed to bid or purchase. Once you bid on the RV it is yours, warts and all, unless another person outbids you. Be certain you’re comfortable as possible with the realistic outcome of being the successful purchaser.

Salvage RVs – Do It Yourself for a Pennies On The Dollar RV

Purchasing and rehabbing a salvage RV is not for the faint of heart and comes with extensive risks. Still, if you have the tools, the know-how, time and determination, you can acquire and repair a salvage RV for a fraction of the cost of buying a comparable used or new unit.

Buying a salvaged RV with the intent of making it livable and road-worthy is going to require a substantial investment of time researching salvage RVs, inspecting damaged RVs, realistically assessing repair costs, and determining whether you have the skills and determination required to bring the unit back to life. There will be many obstacles to know about and overcome including:

• Travel costs to inspect damaged RVs – Salvage units are located all across the United States
• Cost to transport the unit back to your location – a salvage RV may or may not be driven or towed depending on how it will be titled. If the unit was involved in an accident you aren’t likely going to be able to tow or drive it until it is “reconstructed” and a rebuilt salvage title has been issued. Every state has different laws regarding titling salvaged RVs, so take the time to make yourself a bit of an expert about the matter before you buy the unit. Find out from the seller whether you will be issued a salvage or clean title.
• If you buy a salvaged RV at an auction you’ll usually have a set number of days to take delivery before you are charged a daily storage fee.
• If you are issued a salvage title with the RV, you will have to schedule an appointment for your state’s DMV to inspect and approve your repaired RV before it may be titled. Additionally, you may be required to provide receipts for proof of your repairs.
• Insurance companies may be reluctant or refuse to insure a salvage-titled RV.
• A salvage title on your RV means that is unlikely that you’ll ever be able to sell the unit for the same price as undamaged models of RVs identical to yours.
• A suitable location where you can do repair work without running afoul of local ordinances
• Necessary electric, water, and sewer connections need at the repair site
• Costs to dispose of damaged materials you remove from the RV
• An array of tools and possibly temporary storage for supplies and repair materials
• Availability of parts and materials needed to complete repairs
• And other unforeseen issues not listed above

Still interested in repairing a salvaged RV after reading the list of problems above? Below is a list of websites that specialize in salvage RV auctions:

AutoBidMaster https://www.autobidmaster.com/en/carfinder-online-auto-auctions/salvage-rvs/

Salvagebid https://www.salvagebid.com/salvage-rvs/

RideSafely https://www.ridesafely.com/en/salvage-rv-auction-search

Additional Reading

We’ve listed a few books that might be helpful if you intend to repair and maintain your RV. As of now, we can’t review any of the titles below because we haven’t actually read any of them, so you’re encouraged to read the author’s summary about the book and reviews posted at Amazon.com by people who’ve read the book.

And in case you haven’t pulled the trigger on that trailer you’re eying on Craigslist just yet, Camper Rehab also walks you through the process of evaluating a potential purchase, identifying which issues are fixable and which are dealbreakers, as well as how to spot hidden problems. Written by accomplished DIY author Chris Peterson, whose light and approachable tone is coupled with the hardworking DIY information you need, Camper Rehab is a must-have for any camper owner or dreamer.

Click here to read more about this book and customer reviews .

From the Amazon.com Website:

Click here to read more about this book and customer reviews

No matter if you use your RV just a few weekends and holidays a year or make it your full time home, you will find tips that will make your RV travels easier, safer and more enjoyable. You’ll find tips that will save you time and money. You will find tips on getting your mail while traveling, internet access, boondocking, and work camping. You’ll learn how to save money on camping fees just by choosing where to stay and staying longer. You will get tips on how you can customize your RV to make your home.

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‘All these cars have stickers’: Expert finds a ton of repos at the CarMax auction. He says that should be a major red flag for customers

'they're just giving out cars to make a buck.'.

Posted on May 13, 2024   Updated on May 15, 2024, 3:12 pm CDT

“More carmax repos at the auction. People are defaulting on their loans and getting their vehicles repossessed,” TikToker Cheese ( @thankucheese ) writes in a caption for yet another video where he shows a wave of repossessed CarMax vehicles he’s scoping out at an auction.

A car dealer by trade, Cheese is always on the lookout for good whip deals that he can purchase and then go on to resell. In February, the Daily Dot reported on Cheese’s CarMax repo finds , which show the trend of customers who bought vehicles from the used car giant who couldn’t afford the monthly notes they come with.

Although CarMax’s stock is dropping in tandem with the precipitation of its profits, some people believe that the car repossessions could be a part of the company’s strategy: the business intentionally approves loans for vehicles to customers it knows can’t afford them.

“Carmax is in big trouble,” a text overlay in the video reads as the TikToker walks through a lot of vehicles.

“These look like all CarMax repos. A lot of people seem to be defaulting on their loans. As you can see, all these say repos. I mean it’s just repo after repo, all, everywhere right here,” Cheese says as he passes by a variety of late-model cars. The clip then transitions to him seated inside of a car where he explains why he’s walking through a proverbial graveyard of repossessed cars.

“I’m at the CarMax auction right now looking at cars that have been repossessed in people who have defaulted on their loans,” he notes.

Cheese shows off a Benz sedan to detail an example of what he’s referring to.

“This person literally just left their sorority or fraternity and got their sh*t repossessed. Nice Benz right here. It’s another Cadillac, repossession right here as you can see,” he says after walking past the Mercedes and to a black sedan behind it. Like all of the other repo models, there’s an indicator on the windshield noting as such. He cracks open the door of the car to check the interior out.

“Smells straight smoked out, that sh*t is crazy. I mean it’s just continuous like repo after repo, I mean you can’t…all these cars have stickers for repossession as you can see. If you see any of them with the red stickers it might just have writing on it too, like I said, repossession. Look at this truck right here,” he says, showing off a White Chevy on camera.

Then he heads on over to a higher-end Ford offering: “I mean look at this Lincoln Navigator this thing is basically new man, you have to have pretty good credit to get proof for something like this man. But damn, this just got repossessed too.”

One TikTok user who claimed to work for CarMax said that management is indiscriminately approving car loans. “I work at carmax they’re just giving out cars to make a buck,” they wrote.

Someone else speculated, “CarMax gives out cars to people who can’t afford them because they know they’re going to repo them and sell them again.”

From one customer’s perspective, they said that they knew CarMax approved them for a vehicle loan they know any other dealership would’ve immediately shot down: “Carmax definitely let me buy a car I should’ve been denied for. I haven’t had trouble with the payments but another dealer would’ve laughed in my face.”

However, others said that this is a result of the “bubble” that occurred during supply chain issues due to the COVID-19 pandemic. Inflation , along with this supply chain “bubble” ultimately contributed to skyrocketing car prices .

“It’s not just CarMax. it’s all dealers now, that bubble finally popped!” another user contended.

Another echoed this sentiment, ominously writing: “The economy is tanking. Many are having to let cars go back because insurance and the cost of living spiked. I see it getting worse.”

@thankucheese More carmax repos at the auction. People are defaulting on their loans and getting their vehicles repossessed. #repo #repos #repossession #carmax #auction #dealer #wholesale #cadillac #lincoln #mercedes #retail #market #crash #save #fyp #fy #viral #trending ♬ Beautiful Things – Benson Boone

One person pointed out that CarMax isn’t hurting as a result of the repossessions, and that banks are ultimately going to be the ones going after customers and ruining their credit. “Newsflash: Carmax got Paid IN Full!!! It’s the banks that financed these cars that are gonna be holding the bag,” one user said.

Another user on the app said they were thankful for CarMax because without the company, they wouldn’t have been able to have a vehicle. “Carmax was a blessing to me. my credit was poor, got a car, paid it out. now in a new car,” they wrote.

The Daily Dot has reached out to CarMax and Cheese via email for further comment.

Update 3:10pm CT May 15: In an email to the Daily Dot, a CarMax representative shared the following:

“CarMax is committed to transparency in all aspects of the car buying experience,” they wrote. “We offer upfront, no haggle pricing and our associates are paid the same regardless of a car’s price, so the focus is on helping our customers find the right car for their needs and budget.  We offer a car payment calculator on our website to help customers determine whether a vehicle’s price is in line with their monthly budget expectations.” 

“We also encourage our customers to consider financing through CarMax, because we work with some of the top finance companies in the country that make competitive offers to a wide range of credit profiles, and our credit application process is quick and easy,” they continued. “All credit offers are thoroughly and clearly presented so that our customers can make an informed decision.  However, it is ultimately up to a customer to decide whether to accept a financing offer from one of our finance affiliates.  CarMax also offers our customers the option to replace their financing within three days penalty-free if they find more favorable terms.”

The internet is chaotic—but we’ll break it down for you in one daily email. Sign up for the Daily Dot’s web_crawlr newsletter  here  to get the best (and worst) of the internet straight into your inbox.

Jack Alban is a freelance journalist for the Daily Dot covering trending human interest/social media stories and the reactions real people have to them. He always seeks to incorporate evidence-based studies, current events, and facts pertinent to these stories to create your not-so-average viral post.

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THE HISTORY OF THE COMPANY CREATION

1993 how the construction company remstroy was created   the year 1993 was a period when a lot of construction companies, which had been working successfully during the soviet times and had rich staff capacity, were forced to cease their activity for various reasons. a lot of capable specialists either had to look for another job or change their field. but there were also those who were willing to realise their potential in the field of construction in accordance with the received degree and the experience they had accumulated. thus, in 1993 in elektrostal (moscow oblast) a group of specialists and people sharing each other’s ideas, who had enormous educational background and the highest degree in architecture, organized and registered ooo firm erg which began its rapid development and successful work, offering its service both on the construction market and other areas. 2000 industrial construction is the main area   seven years of successful work have shown that combining different types of activities in the same company is not always convenient. and in the year 2000 the founders of ooo firm erg decided to create and register a monoprofile construction company ooo remstroy construction company. industrial construction was chosen as the priority area. it was in this area that the directors of ooo sk remstroy began their working life and grew as specialists. in order to achieve the set goal, they selected a mobile team of professionals in the field of industrial construction, which allows us to cope with the tasks assigned to ooo sk remstroy throughout russia and the near abroad. 2010 manufacturing of metal structures   we possess modern equipment that allows us to carry out the entire cycle of works on the manufacture of metal structures of any complexity without assistance. designing – production – installation of metal structures. a staff of professionals and well-coordinated interaction of the departments let us carry out the work as soon as possible and in accordance with all customer’s requirements.” extract from the list of members of self-regulatory organizations, construction.

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