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Buying a recreational vehicle is a major investment and in some cases will cost the same as buying a house. Therefore it makes sense to do your research on what to look for before you make a final decision.
Explore your options – There are many brands of RVs in the market to choose that offer a range of RV models at varying price tags and add-ons. Pay a visit to the RV dealers in your area and attend a few RV shows. You will find these frequently advertised in newspapers and magazines.
Analyse your RV needs – Ask yourself the questions below to identify what type of RV is best for you;
What size? – RVs are normally categorized by length. The longer the RV, the higher the price and more lavish the amenities. Remember that you will be driving the vehicle. Therefore consider what size can be handled comfortably, easily backed up, can be driven by your spouse and whether a special license is required in your area.
How frequently and for how long? – Decide if you will go on extended vacations or mainly weekend trips. The longer the trip the more comfort will be required on board. Class A motorhomes and towable travel trailers are the largest and the most comfortable. Other RV types will have certain compromises on comfort according to the space available.
Will you tow or not? – All RVs are broadly categorized as either motorized RVs or towable RVs. Deciding on which type you prefer will help to narrow down the choices.
What’s your budget? – The prices of RVs cover a very broad range. Class As start at $100,000 and are the most expensive. Class B motorhomes cost between $42,000 - $68,000. Class C models are slightly expensive with prices ranging from $50,000 to $100,000. Travel trailer prices start at $9,000. Truck campers and folding camping trailers are the cheapest starting at $4,000.
What options do you need? - Basics such as cooking and bathroom facilities, running water and a power source are available in all models. Additional features such as larger size beds, entertainment systems and computers are available on request. Decide which options are really necessary and which you can do without.
Talk to people – RV dealers and owners of RVs will be able to give you a wealth of information on their personal opinions and experiences. Find out which models are long-lasting, which have the best reputations and RV options that are truly useful.
Ride before you buy – Rent the model you’re planning to buy and take it on a short trip. There are many RV rental firms to choose from. If you feel that specific model is not right for you, rent a different model for the next trip. Don’t rush into a decision.
Storage – When you’re not on the move, you will need to store the RV. Find out about storage options available in your area and the relevant costs. Also be aware if there are any codes and regulations on parking vehicles such as RVs.
Insurance – Regular auto insurance may not be sufficient for an RV. Make sure you get an RV-specific insurance policy that covers total loss replacement, campsite liability and emergency living expenses.
Repairs and maintenance – Your RV will require servicing in addition to any repairs that might come up. The gasoline cost also needs to be considered as different models have varying fuel efficiencies.
Negotiate – Just as you would bargain on the price when you buy a car, the same applies to when buying an RV. As the price tag is larger in this case you may even have more bargaining power. There are many RV manufacturers and therefore a lot of competition. If a dealer can’t give you a reasonable price for the style and options you want, move on. Also be aware that by late summer all dealers will be trying to sell off as much of their old stock as possible. Take advantage of this opportunity and shop during this time.
RV financing – Do some research on the type of financing options available to you. Refer banks, RV dealers and credit unions for information.
Summary - Buying an RV is a big decision which involves spending a lot of money. You need time and careful consideration before making a final decision.