Shopping for an RV can be incredibly exciting, but only when you’re armed with sufficient information. If you know next to nothing about RVs and financing, you may get very frustrated with the entire process.
You might know this already, but an RV is a big investment, and it’s advisable to know what you’re getting into before spending your money on a recreational vehicle.
If you’re interested in the RV lifestyle, here are some important factors to consider before making that final purchase.
· Types of RVs
RVs come in different shapes, sizes, and designs, but they are generally divided into two categories. We have the towable RVs and the motorized RVs. Towable RVs are non-motorized recreational vehicles that require another vehicle to move them about.
They are usually cheaper and more versatile than motorized RVs although you’d need a portable generator to provide power. Motorized RVs, on the other hand, are one-unit vehicles that don’t require a tow vehicle. They are usually more spacious and offer easy access to occupants.
· New or used RVs
Here, the decision may come down to your budget and how much you’re willing to spend. New RVs are perfect because they come with a new and fresh design and minimal maintenance costs. With proper research, you can also find a Used RV in next to perfect condition.
People who wish to sell their RV usually advertise locally, so check the auto section of your local newspaper for sales on used RVs. It’s up to you to decide what option best suits your needs.
· RV financing
RV financing is another important factor to consider when you decide on the type of RV you want to buy. You can get an RV loan from an online lender, or traditional lenders like banks, credit unions, or a dealership.
If you want to get an RV that can successfully tow your boat and jet ski, then you should consider My Financing USA boat loans and RV loans.
· Off-road or on-road camping
Would you like to drive to an RV park and enjoy the full amenities, or do you want an RV you can take off the grid to a remote location? Consider your preference, so you know to get a vehicle with high ground clearance and strong tires that can handle back wood terrain.
· Additional expenses
Many first-time RVers make the mistake of assuming that once they’ve purchased their RVs, they’re done spending money. This is far from true. Apart from the basic costs of provision and other items needed for a trip, your RV is going to cost you a lot more.
You have to consider the cost of registration, license plates, storage, and general maintenance. If you would like to change up the décor, you also have to spend money on new furniture and accessories. Keep all this in mind when setting a budget, so you’re adequately prepared.
Extra tip!
One important part of shopping for an RV is doing proper research. Being ill-informed can leave you vulnerable to RV scams and poor financial decisions.