American Motorhome   

If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!

Last week I was expressing the importance of renting RVs to get the feel of the model you really need before taking the plunge and purchasing one for yourself.

Well after having rented for a while there are those who do their calculations and discover that they might as well keep on renting.

For example, if you are going to go for say 8 weeks in every year then you can easily work out the payments on rental. Depending on the size and quality of RV you need and the time of year then the cost for this could be anywhere between $5,000 and $8,000.

Now this is not cheap by any standards but when you take into consideration the depreciation of price on a new or used RV along with any routine maintenance and repairs combined with any off road storage you might have to pay then you might be better off financially renting on a permanent basis instead of buying.

Consider this - Lets say that a 4 year old class A motorhome costs you $125,000. In 6 years time that same vehicle will probably only be worth around $70,000. So, in this case, on depreciation alone, in 6 years it will have cost you $55,000 as opposed to a possible $48,000 rental fees.

It will be worth your while to do your own calculations according to the size of rig you will be using, how often you will be using it and the depreciation, maintenance and storage fees to find out whether it would be financially beneficial to rent or to buy.

Of course, it is always a luxury to have your own RV to hand for any unplanned trips. You will have your own kitchen and food supplies, your own clothes, music and entertainment all to hand and you will get to know and love the vehicle with all its own peculiarities.

So even if the numbers don’t work out and you find that you will be paying a little bit more by buying as opposed to renting then it may be worth the extra investment just to have the luxury and peace of mind of owning your own rig.

Louise at MomReponds.com addresses this very same question well in her blog post Winnebago Motorhomes For Sale Or Rent

Technorati Tags: renting RVs, RV, class A motorhome, motorhome for hire, rent motorhome, buying motorhome, used motorhome