With the rising popularity of road trips and the desire for more flexible travel options, campervans and motorhomes have become increasingly sought after. These versatile vehicles offer the freedom to explore the great outdoors while enjoying the comforts of home on the road. However, deciding between a new or used campervan or motorhome can be a challenging decision. It’s important to weigh the pros and cons of each option to make an informed choice that suits your needs and budget.
If you find this useful, you might also like to read our Essential Questions to ask before buying a motorhome or campervan. We have also compiled a guide on the differences between campervans and motorhomes.
Benefits of Buying a New Campervan or Motorhome
Latest Features and Technology
New campervans and motorhomes come equipped with the latest features and technology, ensuring a modern and comfortable travel experience. From advanced navigation systems and energy-efficient appliances to state-of-the-art safety features, new vehicles offer the best in innovation and convenience.
Customisation Options
Purchasing a new campervan or motorhome allows you to customise it to your exact specifications. Whether you want specific interior layouts, high-end finishes, or additional amenities, buying new gives you the freedom to create your ideal home on wheels.
Warranty and After-Sales Service
New vehicles typically come with manufacturer warranties, providing peace of mind and protection against potential issues. Additionally, dealers often offer comprehensive after-sales service, ensuring any problems are addressed promptly and professionally.
Drawbacks of Buying a New Campervan or Motorhome
Higher Cost
New campervans and motorhomes come with a higher price tag compared to their used counterparts. This increased cost can be a significant factor for buyers with a limited budget.
Depreciation
Like any new vehicle, campervans and motorhomes depreciate in value over time. The moment you drive off the dealer’s lot, your new vehicle starts losing value, which can be a drawback if you plan to sell it in the near future.
Benefits of Buying a Used Campervan or Motorhome
Lower Initial Cost
One of the most significant advantages of buying a used campervan or motorhome is the lower initial cost. Used vehicles are generally more affordable, allowing you to get more features for your money or save funds for other travel expenses.
Slower Depreciation
Used campervans and motorhomes depreciate at a slower rate compared to new ones. The bulk of depreciation occurs within the first few years of ownership, so by purchasing a used vehicle, you avoid this steep decline in value.
Potential for Negotiation on Price
When buying a used campervan or motorhome, there is often more room for negotiation on the price. Private sellers and even some dealers may be willing to lower the price, especially if the vehicle has been on the market for a while.
Drawbacks of Buying a Used Campervan or Motorhome
Potential Maintenance Issues
Used vehicles can come with potential maintenance issues, particularly if they have not been well-maintained by previous owners. It’s important to thoroughly inspect the vehicle and obtain a full service history to avoid unexpected repair costs.
Limited Customisation
When buying used, you have fewer options for customisation. The layout, features, and aesthetic choices have already been made, and altering these can be costly and time-consuming.
Possible Lack of Warranty
Unlike new campervans and motorhomes, used vehicles may not come with a warranty. This lack of coverage can leave you responsible for any repairs or issues that arise after purchase.
Factors to Consider When Buying a Campervan or Motorhome
Budget
Your budget is a critical factor in deciding between a new or used campervan or motorhome. Determine how much you can afford to spend and whether you are willing to finance a more expensive new model or prefer the affordability of a used one.
Intended Use and Frequency
Consider how often and for what purpose you will use the campervan or motorhome. If you plan to take frequent trips or live in the vehicle for extended periods, a new model with the latest features might be worth the investment. For occasional use, a well-maintained used vehicle might suffice.
Size and Layout Preferences
Think about the size and layout that best suits your needs. Newer models offer the latest design innovations and space utilisation, while older models may have tried-and-tested layouts that have stood the test of time.
Inspection Tips for Used Campervans and Motorhomes
- Check for Water Damage: Look for signs of leaks or water damage, particularly in the roof and around windows.
- Examine the Engine and Mechanical Systems: Ensure the engine and mechanical systems are in good working order and have been regularly serviced.
- Test All Appliances and Systems: Make sure all appliances, electrical systems, and plumbing are functioning properly.
Conclusion
Deciding between a new and used campervan or motorhome ultimately depends on your individual needs, preferences, and budget. Both options have their pros and cons, and understanding these can help you make a more informed decision. New vehicles offer the latest technology, customisation options, and peace of mind with warranties, but come with a higher price tag and quicker depreciation. On the other hand, used vehicles are more affordable, depreciate slower, and can often be bought at negotiable prices, though they may come with potential maintenance issues and limited customisation.
Whether you choose new or used, consider how you plan to use the campervan or motorhome, your budget, and the size and layout that will best suit your needs. Thorough inspections and careful consideration will help ensure you make the right choice for your adventures on the open road. For more help, you can also check out our guide on how to choose the perfect motorhome or campervan.
FAQ
1. Is it better to buy a new or used campervan?
It depends on your budget and needs. New campervans offer the latest features and come with warranties but are more expensive. Used campervans are more affordable and depreciate slower but may have maintenance issues.
2. What should I look for when buying a used motorhome?
When buying a used motorhome, check for water damage, inspect the engine and mechanical systems, and test all appliances and systems. Ensure the vehicle has been well-maintained and has a full service history.
3. How much does a new campervan depreciate?
New campervans can depreciate by 20-30% in the first year and by 40-50% over the first five years. The rate of depreciation can vary based on the make, model, and usage.
4. Can I customise a used campervan?
While customising a used campervan is possible, it can be more costly and time-consuming than customising a new one. Your options may also be limited based on the existing layout and features of the used vehicle.
5. What are the advantages of buying a new motorhome?
The advantages of buying a new motorhome include the latest technology and features, the ability to customise, and the peace of mind that comes with a manufacturer’s warranty.
6. Are there financing options available for used campervans?
Yes, many dealers and financial institutions offer financing options for used campervans. The terms and interest rates may vary compared to financing a new vehicle.
7. What is the best time of year to buy a motorhome?
The best time to buy a motorhome is typically at the end of the season (late autumn and winter) when dealers may offer discounts to clear out inventory. Additionally, end-of-model-year sales can provide good deals on new motorhomes.
8. How do I negotiate the price of a used campervan?
Research the market value of similar models, be prepared to walk away if the price isn’t right, and consider any repairs or upgrades needed when negotiating the price of a used campervan.
9. What maintenance is required for a used campervan?
Regular maintenance for a used campervan includes engine and mechanical system checks, appliance and system testing, and inspections for leaks or water damage. Keeping a detailed service history is crucial.
10. Is insurance more expensive for new or used campervans?
Insurance costs can vary based on the make, model, and value of the campervan. New campervans may have higher insurance premiums due to their higher replacement cost, but this is not always the case. It’s best to get quotes for both new and used options to compare.
