The Pros and Cons of Storing New vs. Used RVs

Owners and operators of boat and RV storage facilities see a wide variety of clients and their vehicles. From cramped campers to high-tech RVs, your tenants cover a wide range of travelers and outdoor enthusiasts. With the use of big toys comes the need to store those toys safely. Your facility is the optimal choice. RV Park ‘n’ Protect™ provides a comprehensive and reliable protection plan for recreational vehicles that surpasses traditional policies. Our unique coverage empowers storage facility owners to generate additional revenue while ensuring the complete safety of valuable assets. From the perspective of an RV storage facility owner, there are various factors to consider when it comes to storing both new and used RVs. There are pros and cons for each, and depending on what kind of coverage a tenant is looking for, will determine how tenants will need to prepare for incidents. Let us look at some of these differences.

New RV Pros:

Condition: New RVs generally come in pristine condition with modern features and the latest technology. Manufacturers have seen an uptick in the demand for new RV ownership.
Warranty: New RVs often come with warranties, reducing the likelihood of immediate maintenance issues.
Market Demand: Owners of new RVs may be more inclined to invest in secure storage facilities, as they have made a significant financial commitment.

Cons:

Cost: New RVs are more expensive upfront, which may limit the number of customers willing to store their vehicles.
Depreciation: The value of a new RV depreciates rapidly in the first few years, potentially affecting the owners’ perception of the storage cost.

Used RV Pros:

Cost Savings: Used RVs are generally more affordable upfront, making storage costs more attractive to a broader customer base.
Less Depreciation: Used RVs have already undergone significant depreciation, meaning owners may be less sensitive to additional value loss.

Cons:

Maintenance: Older RVs may require more maintenance, and owners might be concerned about potential issues arising during storage.
Technological Outdatedness: Older models may need more features and technology, which could be a factor for some owners.

As an RV storage facility owner, providing a range of storage options and addressing the concerns of both new and used RVs can help attract a diverse clientele. Offering maintenance services or partnerships with local repair shops can be a value-added service for RV owners, regardless of the RV’s age. RV Park ‘n’ Protect™ is here to help you protect your tenants’ belongings. Your tenants need protection for their large investments that traditional policies may or may not cover. Let us help you build a bridge to what is possible and contact us today to learn more about our protection plans.