A common American dream is cruising the open road in an RV. The freedom of traveling to the beach one day and the mountains the next in your own enclosed living space is tempting. However, there are a few things to consider before you sign on the dotted line for that new or used RV.
Storage
Unless you own property zoned for RV parking, you will need to find safe and convenient RV parking Lodi and storage for those times you aren’t using the rig. Prices vary widely, so compare prices and availability of storage lots in your area.
Insurance
Most dealers won’t let you leave the lot without RV liability insurance. The annual cost will depend on whether you include vacation liability, personal belongings and protection for your accessories, such as awnings or satellite dishes, to your coverage. The type of RV you purchase and your driving record also factor into the price. Contact several insurance carriers to get the best quote for your needs.
Fuel
RVs are known for being gas guzzlers. Depending on the size and weight of the RV you’re buying, expect to get between 4 – 15 MPG. If you plan on traveling 5,000 miles in your first year of ownership and get 10 MPG, you will use 500 gallons of fuel. Multiply that by an average $2.77 a gallon gas price and you’re looking at an estimated $1,385 annual expense on fuel.
Maintenance
Just as with a car, you’ll need to change the tires, do oil changes and check fluids to maintain your RV. You’ll also need to factor in the cost of interior maintenance for the appliances, plumbing and heating/cooling system.
Considering the annual cost of storage, insurance, fuel and maintenance before you buy an RV will give you a realistic view of the costs associated with ownership, and help you make a wise purchase decision.
