Buying a Travel Trailer – The Pros and Cons of New and Used Travel Trailers

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Are you thinking about buying a travel trailer? There are so many decisions to make.

* Do you want a new or used trailer?

* Is this going to be a cash purchase or financed?

* What are you willing to spend?

* Should you get a 5th wheel, toy hauler or tongue pull travel trailer?

* What manufacturer are you interested in?

* What floor plan is best for your requirements?

If you are undecided, you should start out by considering the pros and the cons of buying used vs. buying new. Take your time when buying your travel trailer. Do your research and avoid spontaneous buys.

PROS of Buying a Used Travel Trailer

* More Bang for Your Buck. A used travel trailer will hold it’s worth longer than a new trailer. A used trailer is the way to go if you are on a looking to save money or don’t want to be stuck with making payments for 10 years. You could get a used 252 with all the bells and whistles cheaper than a NEW 202 plain jane travel trailer.

* Do Your Research. Visit travel trailer forums and read what owners are saying about particular travel trailers, both good and bad, this information could save you a bunch of future headaches. Remember the greater part of travel trailers that are purchased new rarely see any camping action, a large amount of trailers are either put in storage or parked at peoples houses. Its not unregular to find a used travel trailer in showroom condition, even older travel trailers from the 70’s can be found in great condition.

* Second-hand travel trailers hold their value! If you get a good quality bargain on a used travel trailer and decide to sell it a few years later you have a great chance of getting all your money back.

CONS of Purchasing a Used Travel

* Potential Problems. Buying a used travel trailer is a bit of a gamble, there could be minor problems or major problems and if you are lucky – no problems with the trailer. In most cases the warranty will have long ago expired, so expenses will be out of your pocket. Do your homework right so problems won’t be a surprise.

* Elbow Grease. You will need to give your new used trailer a good cleaning, no matter what condition it’s in.

* Less selection of ideal floor plans. Floor plans are limited by what’s currently for sale.

PROS of Buying a New Travel Trailer

* Nice & Sparkling. It’s new, fresh and all yours!

* Warranty. If there are problems, take the trailer back to your dealer and they’ll have to repair them for free!

* Maintenance Free. You do not have to be bothered with purchasing new tires, new battery, or any other part for at least a year or until the warranty has expired.

* Floor Plans. Lots of floor plans and interior colors to choose from.

CONS of Buying

Lifestyle Vacation Club, Pros and Cons of a Lifestyle Vacation Club

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We all want to travel, some of us may not admit it to others but I find that’s more because they don’t want to admit it to themselves. They feel they can’t travel for whatever reason, so they tell themselves they don’t want to so they don’t feel they are missing out. I’m letting everyone know they can. Whether it’s finances holding them back, or not knowing how to go about setting up a great vacation, or just fear of going on their first trip outside of their comfort zone. And I’m going to explain it through talking about lifestyle vacation clubs. I’ll be talking about this from the experience I have in travel that I have done and the lifestyle vacation club I have knowledge about.

First pro of a lifestyle vacation club.

The first, and probably biggest, pro for a lot of people is the value. A lot of people want to get as much value as they can out of the money they spend. It makes sense, we work hard for our money so we want to get as much out of it as we can. The lifestyle vacation club that I have knowledge of does just that. They give a lot of bang for your buck. All the vacation packages available are located at 4 and 5 star resorts or hotels at 2 and 3 star prices. They guarantee the lowest price or they will refund you the cost of the trip and send you on the vacation anyway. Pretty powerful statement. There is always inclusions in the trip which adds so much value to the money you are spending as well. If your trip is to Disneyland, they include tickets to the park. A skiing trip, they include the lift pass during your stay. A day at a car race, great seats that include pit passes. A lifestyle vacation club has value.

Pro #2 of a lifestyle vacation club.

Worry free. Let’s face it, our lives are busy. Setting up a great vacation is time consuming. You have to find a resort in the area you’re wanting to go. You need to confirm vacancy during the time you want to go. Then you need to set up things to do in the area you want to go. You can avoid this buy doing it while your on your vacation, but who wants to do that? I’ve done it and it was added stress… while on vacation trying to get away from stress!! Then you have to pay for it, ahead of time or while on vacation like I did on one of my trips. Either method is a hassle and time consuming. With a lifestyle vacation club the hassle is taken away. You can set filters for the type of trip your looking for making it extremely easy to find the trip you want with the inclusions you’re wanting to experience, book the trip and you’re done.

The 3rd pro of a lifestyle vacation club.

Hotel Franchises – Pros and Cons

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Here is a quick review of the basic pros and cons of buying a hotel franchise. Every investor is different. Depending on who you are some of the “pros” may really be “cons” and vice versa. Consider this a starting point in your assessment of hotel franchise opportunities.

Starting with the good stuff, let’s look at the Pros:

Reduction of startup risk – you are working with someone who has done this before successfully.

Turnkey operation – again no reinventing the wheel on processes, procedures or procurement. Your franchisor has built the system already.

Standardized systems – backend accounting, IT and financial systems already in place so you aren’t spending your time implementing reservations systems.

Buying power – as part of a larger whole, you get the benefit of volume buying.

Consulting readily available – experience counts and your franchisor has been around the block. Ask for as much help as they are willing to give.

Marketing – the brand image and marketing is out there already. You aren’t chasing one-off travel reviewerers to get your name out.

Financial assistance – some franchisors are willing to help you with funding these high capital projects.

You are your own boss – the glory of that goes without saying!

Now let’s take a look at the downsides:

Less Freedom – You are married to your franchisor – for better or worse!

Royalty Payments – as a franchisee you pay for the supports above.

Costs – Hotels are high capital and operating cost businesses.

Lack of Support – if your franchisor doesn’t help as you expect, you may be out in the cold.

Inflexible Systems – even if you have a better way to manage reservations, you are using their method.

Unbalanced Contract – all franchising contracts, not just for hotels, are tilted toward the franchisor.

Dependent on Franchisor – their performance is your performance.

These are all things to consider as you step toward a decision about buying a franchise or hotel business.

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