Three Ways to Sell
While the idea of selling a motorhome or trailer might seem overwhelming at first, when you really look closely at the options, people looking to sell their RVs really only have three basic options:
- Selling through consignment
- Trading the RV in at a dealership
- Selling the RV themselves through a peer-to-peer transaction
All of these have their pros and cons, of course, but we do believe one option stands out as the clear winner once you look at these choices side by side. That option is selling on your own.
In this article we are going to dive into the reasons why this is your best bet so you can fully understand the reasons one might choose to go it alone rather than turning to a broker or a dealership.
Selling Through Consignment
Letting someone else hold onto your RV and sell it for you is tempting. It removes the need to store the rig until it sells, and allows you to avoid showing the rig to potential buyers yourself. That said, it comes with some pretty big trade-offs.
For starters, hiring a broker to sell your motorhome or travel trailer for you is expensive. These individuals typically charge a 10% commission for their services. When it comes to pricier rigs, this is a huge chunk of change.
On top of that, selling through consignment requires you to sign a contract. This contract will restrict you from selling your RV on your own should you come across a buyer. Not only that, these contracts can last up to six months, meaning the broker can hold your RV hostage without necessarily putting much effort into selling it for a half a year while it continues to depreciate.
Trading Your RV
Okay, so a broker is clearly not a great investment in most cases, but what about selling your RV to a dealership? Maybe you could trade the rig in for a vehicle you’d use more often, or perhaps you could just take the cash?
Either way, we don’t recommend this route unless you are desperate to sell right away, regardless of the loss you might take. Why? Because a dealership is not going to offer you what your RV is worth. You see, these folks want to buy your rig and then turn around and sell it for a profit. This requires purchasing vehicles for less than they are actually worth.