RV’ing – Renting a Lifestyle

September 16, 2022

Many people dream of the RV lifestyle, whether it is visions of short or long term, full time, seasonal or weekend travel. It can be challenging to find an RV that meets all the needs, let alone all the wants, and that isn’t even factoring in the cost of that RV.

Some RV’s, especially new ones manufactured during the last few years of increased demand and prices of materials, have gone up dramatically. It isn’t unusual for them to cost $50,000 for smaller ones and over $100,000 for larger or drivable RV’s. Clearly they are not a good financial investment–they are a vehicle, and therefore, a consumable. Depreciation is high and you aren’t likely to get your money out of it for what you put into it. But before you let the sticker shock turn you away from those dreams of open spaces and freedom, let’s look at another perspective.

Try looking at it as though you are renting a lifestyle and possibly getting your deposit back at the end. Here’s what I mean.

Most finance companies look for 10-20% as a down payment, then monthly payments ranging from 10 years to 15 or 20 years, depending on the price tag. There is a lot of wear and tear, so a lot of routine maintenance, as well as any personalization you may do to your rig (not recommended if it is something you are looking to get money out of-but that’s a blog for another day). However, you aren’t renting hotels or cabins, dining out at restaurants and stopping for gas station bathrooms every break as you travel. That means you are saving money on those expenses. You don’t have to unpack and repack, and you can have a lot of your familiar items with you–and your pets can come with you, in most cases. Plus, you own this vehicle. It is still an asset–even more so when it is paid for free and clear. Unless it is totaled, you will always be able to get something out of it.

When you are ready to move to a different rig (which a lot of people do) or to a different hobby or dream, you’ll sell it and recover a little of your spending back, but just as with any other vehicle you buy, you won’t get it all back in most cases.

So, find that RV, negotiate a reasonable deal that won’t set you back financially, and enjoy the life you dream of, however long or short that season may be. Happy travels!

Like or comment below, and share with others to support the blog. I post weekly about teaching, traveling and family. Until next time, you can find me on Tiktok @sonya.BOMSquadleader or our adventures at BarnesOnMove.com, Facebook & TikTok at @BarnesOnMove

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