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5 Common RV Buying Mistakes to Avoid

Thursday, 30 September 2021

5 Common RV Buying Mistakes to Avoid

5 Common RV Buying Mistakes to Avoid

Are you looking forward to buying an RV through NZ financing? This option has proven beneficial to many who don’t wish to pay for their RV in cash. While most buyers will secure a great deal, others may end up in a nightmare. If you are buying an RV for the first time or if you’ve purchased such vehicles before, you need to do tick all the boxes. In this article, we’ve detailed the common missteps to avoid when buying your next RV.


Not Having a Budget

It’s easy to spot an RV for sale and convince yourself that you can afford it. But, just because you can access an RV loan doesn’t mean you must be extravagant in your spending. Evaluate your income sources before you even think of shopping for a potential lender. That way, you’ll stick to what you can afford. A budget ensures that you can survive each month and comply with your loan terms without overstretching your finances.


Failing to Compare Offers

The increasing demand for RVs has opened an opportunity to many lenders in the auto finance industry. It’s evident that not many buyers have enough money to buy their dream RV, and opting for an auto loan is a viable option. But that doesn’t mean you roll with the first loan offer that comes your way.

Remember, the terms attached to RV loans vary from one lender to another. Compare several financing options and go for an offer that works best for you, considering your current and future financial situation. Luckily, Credit One NZ offers the best RV financing terms in New Zealand.

Not Negotiating

Are you a good negotiator? If not, let Credit One NZ specialty finance brokers negotiate on your behalf to secure the best deal. Having your loan approved isn’t where we stop, we look forward to saving you money by securing the best deal available in the market.

Whether you are buying a used or new RV, negotiation is the thumb rule to haggle the asking price downwards. Dealerships tend to mark up the RVs price and can go as high as thirty-five per cent. Meaning you have the leeway to negotiate up to your price range or lower.


Failing to Factor in Other Expenses

There is more to buying your RV besides the financing cost. Think of the registration and license fees and the extra utility charges that come with the amenities installed in this type of vehicle. Like any other vehicle, you’ll have to budget for gas and maintenance costs. Again, every adventure will attract storage or campsite fees.

All these costs will add up to the amount you require to own an RV. Account for all the direct and indirect costs in your budget. Take time and evaluate your monthly payments to be sure you can afford to pay the loan.


Not Maximizing Dealership Promotions

Often dealerships give out special offers to try and make sales. Why not keep a close eye on these promotions and save your wallet? You may end up buying an RV that you wouldn’t have otherwise bought with your budget.

Never be fast to accept a deal until you’ve understood all the fees attached to the purchase. So during your RV buying in NZ, scan the fine print thoroughly to ensure no hidden charges and only secure your loan with a lending source like Credit One NZ that promises to have the best deals for you.


Avoid RV Buying Mistakes Today

You do not want to make a finance decision which will be expensive in the long run. You can make your RV buying process more exciting and stress-free by working with a lender who has your best interests at heart. And that’s where we come in. At Credit One NZ, we will ease your loan approval process, find the best offer that matches your budget and needs and guarantee a dream RV. Apply with us today!