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Does It Make Sense for You to Buy an RV?

Posted in lifestyle, RV rental, travel, travel tips
on January 22, 2018

There are many different styles of travel, but for many people, nothing beats the traditional road trip. A road trip allows you to set the pace and itinerary of your vacation and provides you with the opportunity to explore what your own country has to offer in terms of attractions, scenery, and sites. If road trips are your preferred type of vacation, then there’s also a good chance you’ve at least entertained the idea of purchasing an RV. Because it can be a fairly sizeable expense, it’s not a decision you want to rush into it.

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If you find yourself on the fence as to whether it makes sense for you to buy an RV or not, here is some information you can use that should make the decision process a little easier.

Compare the Expense of Renting an RV to Buying One

A great place to start is with the actual numbers. For most people, it comes down to cost, so take a look at what it would cost you to buy a modest-sized RV versus renting one. It’s important to factor in how many times you would travel in the year, and add up all those rental costs. At the end of the day, it’s always going to be cheaper to purchase your own RV over renting one.

Compare the Expense of Buying an RV to Staying in Hotels

Now, you can use the same exercise again, but this time, compare it to how much it would cost you in gas for your car, hotel accommodations, and meals since you can’t prepare any food in your room. With an RV, you at least can make your own meals, which is a lot more economical. Again, owning your own RV is likely going to come out on top as the cheaper option.

How Often Do You Take Road Trips?

Another factor to consider is just how often you take road trips. If you take more than one or two a year, then it’s clear it is your preferred style of vacation. The thing is that if you buy an RV, you are pretty much making the decision that this will be your main, if not your only style of vacation moving forward. This means you have to be okay with that choice.

Make a Little Money When You’re Not Using the RV

If you don’t plan on using your RV all year long, then it can also be used as a source of income. That income can then go towards paying it off or using on your various road trips if you like.  Rather than leaving your RV parked in your driveway for weeks and months at a time without being used, why not look at ways that you can “rent my RV“.

There are actually rental management services that will make sure the rental process is done smoothly and properly so that you and your RV are protected. You can rent it out as much as you like over the course of the year. Typically, people make anywhere from $10,000 to $30,000 in the span of one year.

So, while buying an RV might not be worth it for everyone, for those who take a few road trips a year and prefer this style of vacationing, it could make perfect sense.

 

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