Over 355,000 Monthly Readers
IN FOCUS FOR PEOPLE Over 50
  • Home
  • Health
  • Money
  • Travel
  • Arts
  • Cover Stories
  • Housing
  • From the Publisher
  • Contact us
  • Silver Pages Dir.
  1. Home
  2. Housing

Housing

SEARCH Housing

Considering an RV? Mistakes to avoid

Photo by Togo RV on Unsplash
  • Share
PRINT
By Liz Weston
Posted on July 16, 2021

Recreational vehicle sales are soaring, and the RV industry expects 2021 to be a record-breaking year. Dealerships say much of the demand is coming from first-time buyers and others anxious to find a safer way to vacation during the pandemic.

As any RV owner will tell you, though, buying a motorhome, camper or trailer is a complex process that requires a ton of decisions. The more choices you make, the more opportunities you have to make mistakes, especially when you’re a novice.

We had some great family camping experiences in the motorhome we owned from 2011 to 2017, and we learned a lot. If you’re considering your first RV, here are some errors to avoid.

Mistake No. 1: Assuming you’ll save money on travel

If you want to make a motorhome owner laugh, say something silly like, “I bet you save a ton of money on hotels!”

Well, maybe. But new motorhomes typically cost $60,000 to $500,000, according to the RV Industry Association (RVIA). Add in the cost of gas for a vehicle that gets 6 to 10 miles per gallon, plus insurance, maintenance and the inevitable repairs. Campground fees typically run $25 to $80 a night.

You may need to pay for storage if you can’t park the rig at your house, since many cities limit the time that RVs can be parked on the street. Storage can cost $30 to $450 a month, depending on whether it’s outdoors or indoors, heated or unheated, near a major city or out in the boonies.

Campers and trailers can be more economical — as long as you already own the truck or SUV you need to haul them. Pop-up trailers and truck campers start at around $6,000, according to the RVIA. Travel trailers usually range from $6,000 to $55,000, while fifth-wheel trailers range from $18,000 to $160,000.

If you need a loan, you may pay a lot of interest over time because RV loans often stretch for 10, 15 or even 20 years. Borrowing $40,000 for 15 years will cost you nearly $19,000 in interest, even at a reasonable rate (for RV loans) of 5.5%.

Add it all up, and you could spend a lot of time in some pretty nice hotels for what you’ll pay camping in an RV.

There are definitely ways to spend less. If you’re shelling out for a new rig, though, don’t kid yourself that you’re vacationing on the cheap.

Mistake No. 2: Buying new

online pharmacy order arimidex online with best prices today in the USA
online pharmacy suhagra for sale with best prices today in the USA
online pharmacy desyrel for sale with best prices today in the USA

As with cars, RVs lose a considerable amount of value the second they’re driven off the dealership lot. Letting the first owner take that big depreciation hit can save you a lot of money.

For example, RV Trader — one of the biggest RV marketplaces — recently advertised a 2021 Winnebago Navion 24D for sale in California with a list price close to $160,000. The 2019 version, with just 5,200 miles, was listed for $120,000.

We spent a lot less, about $16,000, buying a 13-year-old motorhome with less than 8,000 miles on the odometer. We spent $7,000 on maintenance and repairs over six years, plus $1,200 to replace its six tires.

You may worry that a used RV will be a money pit, and that could be true. But unlike cars, RVs often aren’t trouble-free even when they’re new. There may be leaks, rattles and manufacturing defects. The first owner may spot and fix the worst problems before passing the RV on to you. (You’ll still want a seasoned mechanic at a good dealership to inspect any used rig before buying.)

Another tip: Spend some time researching dealerships and their service departments — some are notorious for treating customers badly and overcharging on repairs. Check out online reviews and talk to experienced RV owners.

Mistake No. 3: Rushing your purchase

Making a big purchase in haste is rarely a good idea, but you could really regret joining the stampede to buy an RV right now.

Normally, you can negotiate a discount of 20% or more off a new RV’s sticker price. But the pandemic slowed production at factories just as demand surged over travel safety concerns. The result is a seller’s market with limited inventories at dealerships. That means a lot less wiggle room on prices for new and used rigs.

A year or two of high demand is often followed by a lull, though, so consider renting an RV now and buying after things calm down. Renting first is a good idea in any case, because it gives you a chance to try different types of RVs and to see if this kind of camping is for you. (We ultimately decided we preferred national park lodges and nice hotels.)

Websites including Outdoorsy, RVShare.com and Cruise America offer a wide variety of rental options, with motorhome prices typically starting around $100 a night. —AP/NerdWallet

Housing 2025

  • January
  • March
  • April
  • June

#Savvy Senior #Independent Living #Retirement #Gardening #aging in place #Housing

2024
Housing Archive

2025 Seniors' Resource Guide

CLICK HERE

to view the 2025 Montgomery County Seniors' Resource Guide.

Silver PagesDirectory

FIND WHAT YOU NEED, FAST.

This comprehensive, searchable directory covers
housing, homecare, elder law and financial planning

CommunityEvents

A CALENDAR JUST FOR YOU

Find fun, interesting, informative things to do.
Or post your upcoming event!

2025 Beacon 50+Expo

SAVE THE DATES!

Sept. 28th - Silver Spring Civic Building
& Oct. 5th - Springfield Town Center.

Silver PagesDirectory

FIND WHAT YOU NEED, FAST.

This comprehensive, searchable directory covers housing, homecare, elder law and financial planning

Submit PrintClassifieds

ALL PRINT CLASSIFIEDS ARE SUBMITTED ONLINE

Click here to submit your classifieds for one of our upcoming print editions.

CommunityEvents

A CALENDAR JUST FOR YOU

Find fun, interesting, informative things to do. Or post your upcoming event!

About the Beacon

Over 50 or love someone who is? Then consider the Beacon your resource for trustworthy information on health, money, technology and travel topics, as well as entertaining features, arts and events.

The Beacon’s award-winning content covers health, financial, technology, housing, travel and arts topics, as well as local events and feature stories. Readers of our three print editions pick up more than 179,000 copies each month at more than 2,000 distribution sites. We also mail copies to subscribers throughout the United States.

Contact Us

THE BEACON NEWSPAPERS

PO Box 2227  •  Silver Spring, MD 20915

WASHINGTON, DC

TEL: 301-949-9766  •  FAX: 301-949-8966

HOWARD COUNTY & BALTIMORE, MD

TEL: 410-248-9101  •  FAX: 301-949-8966

More on our Website

  • About
  • Advertise with us
  • Staff
  • Resource Guide
  • Awards
  • The 50+Expos
  • Recipes
  • Puzzles
  • Community Events
  • Privacy Policy
Contact us Classified Form Subscription Form