boatto5er
Founding VA Chap Ldr (Ret)
I agree with Ray on the price. Based on what we paid for our 2009 2900MK, that appears high for a 2007, especially a repo.
New Repo RV - Bargain or Bomb?
- Thread starter ky-newbie
- Start date
I agree with Ray on the price. Based on what we paid for our 2009 2900MK, that appears high for a 2007, especially a repo.
Update
Well, below is what the seller replied when I emailed him about the "no warranty" on this repo. I see the reserve hasn't been met yet. I'll bet he's using list price to come up with "less than half price". If it doesn't sell, I may push him a little, and just see what's what.
"No, they don't warranty them. That's why we are selling them as used, however you can register all the appliances as new. If you read any of the RV warranties, they really aren't very good anyway. Food for thought. It's also less than half price, and it's never been used. I would think that is worth something...."
Well, below is what the seller replied when I emailed him about the "no warranty" on this repo. I see the reserve hasn't been met yet. I'll bet he's using list price to come up with "less than half price". If it doesn't sell, I may push him a little, and just see what's what.
"No, they don't warranty them. That's why we are selling them as used, however you can register all the appliances as new. If you read any of the RV warranties, they really aren't very good anyway. Food for thought. It's also less than half price, and it's never been used. I would think that is worth something...."
westxsrt10
Perfict Senior Member
The seller refused a great bid! I bet he will think it over and give some bidders a "second chance" offer.
Bob - Can you buy a third party warranty on a unit when the original warranty has expired? I would think they would want coverage in place, before they would sell their coverage. Otherwise, I'd just wait til something broke, then buy their policy, then ask for a repair check the next day. ;o)
The ending bid was a little out of my price range, but like I said before, he may have the unit on his lot for awhile longer. I'll keep his email address, just in case. ;o)
The ending bid was a little out of my price range, but like I said before, he may have the unit on his lot for awhile longer. I'll keep his email address, just in case. ;o)
Bob&Patty
Founders of SoCal Chapter
KY, you can buy an extended warrenty at any time. The extended warrenties have nothing to do with new or used. They are a service contract. Just for grins and giggles, call good sam and ask them about buying a warrenty and give them to information on that coach. Bob
marielw824
Member
Hi .. another newbie. My question is ... IF it is a repo, how is it new? I thought the meaning of repo is someone bought it and company came and took it back? Please edjumacate me! : > )
jmgratz
Original Owners Club Member
When dealers have RVs on their lots most dealers have them "floor planned" which means a bank or some financial institution has financed them. The dealer has a certain amount of time (usually 90-120 days) to sell the unit before additional financing charges accrue. If a dealer does not or is unable to pay the floor plan then the unit will get repossessed. Most auto dealers work the same way. So a brand new never been sold unit can be repoed.
Ray LeTourneau
Senior Member - Past Moderator
Which leaves me wondering. If it's never been titled, why it can't be sold as new and have a factory warranty? Doesn't make much sense but if that's the way it works, so be it...
Only a guess on my part, but a new unit that has been sitting on a dealer or multiple dealer lots for a year or two "may/can" have issues related to routine maintenance. Specifically, caulked joints inspections (every 6 months) and re-caulking as needed. Caulking shrinks and if these caulked joints are not maintained, then they can become leak points. Leaks in RVs are not a good thing of course.
That all said, my sense of how a unit is maintained that has set on one or more lots for one or more years is that there's a good chance there may/can be some maintenance issues that need to be addressed right away and potentially some damage from lack of maintenance.
Here again, this is my guess and my sense - it is not from my experience, nor is this a Heartland factory statement.
Who should pay for negligence / lack of maintenance on a 1 or 2 year old "new" unit? Should the factory? What it their fault?
Should the retail purchaser? Were they complicit in any way?
It won't be the dealer that's out-of-business - that's for sure.
My sense it that the retail customer will take on the burden and the price they will pay for the unit should be reflective of that burden.
Now, there are many cases where a dealer goes belly-up and the product is moved by the manufacturer or floor plan holder, to another dealer, quickly. And there are a lot of great dealers out there that in these situation, go over this inventory very well to bring it up to speed/maintain it.
So repossessed inventory can run the gamut. Inspect it well and pay the right amount based on the condition it's in and what you'll have to do to it.
Jim
That all said, my sense of how a unit is maintained that has set on one or more lots for one or more years is that there's a good chance there may/can be some maintenance issues that need to be addressed right away and potentially some damage from lack of maintenance.
Here again, this is my guess and my sense - it is not from my experience, nor is this a Heartland factory statement.
Who should pay for negligence / lack of maintenance on a 1 or 2 year old "new" unit? Should the factory? What it their fault?
Should the retail purchaser? Were they complicit in any way?
It won't be the dealer that's out-of-business - that's for sure.
My sense it that the retail customer will take on the burden and the price they will pay for the unit should be reflective of that burden.
Now, there are many cases where a dealer goes belly-up and the product is moved by the manufacturer or floor plan holder, to another dealer, quickly. And there are a lot of great dealers out there that in these situation, go over this inventory very well to bring it up to speed/maintain it.
So repossessed inventory can run the gamut. Inspect it well and pay the right amount based on the condition it's in and what you'll have to do to it.
Jim
Very well and wisely put!
