There are currently 9 million recreational vehicles in the United States, and at least 1 million Americans are living in one full-time. And for good reason — RVs are comfortable, affordable and fun.
So if you’re looking for a new adventure, here’s how an RV can help.
It’s flexible.
One of the best parts of owning an RV is the luxury of traveling on your own time. Whether you want to see the next town over or drive across international borders, you get to pick when you leave, where you stop, and how long you stay.
The only question you’ll need to answer is, “Where to next?” Not, “When’s our check-in time?”
Save on food and lodging.
Booking convenient and affordable hotel rooms can be a tiring experience. But with an RV, all you need is a parking spot or a camping site. You’ll save money, time and the stress of driving on a deadline.
And, while it’s a simple concept, many new RV owners forget: You bought a vehicle with a kitchen in it; don’t neglect to use it. Instead of eating out for every meal, spend one or two each day in your portable dining room. Learn to prepare your favorite meals inside and enjoy them in the great outdoors. You’ll be surprised at how much money you save — and how much healthier you and your family members feel.
Bring the whole family.
When you travel in your own RV, you’re in control of who comes along.
No, we’re not talking about leaving mom or dad behind. We’re talking about the furrier members of the family! Pets can travel easily in an RV — and you’ll save money on hotel pet fees, dog sitting fees and more.
See more.
There’s a big world out there, and you won’t see much from an airplane. Driving in your own RV allows you to see more and stop whenever you please. Just think of the photo ops, the roadside attractions and the memories you and your loved ones can experience.
Finally, it won’t cost as much as you think.
Financing an RV shouldn’t be a stressful experience. Your time is better spent planning where you want to camp and sight-see.
So before you start looking for RV financing, be sure to get your credit score in order, lower your debt-to-income ratio, and save enough to make a sufficient down payment to qualify for the best possible RV loan rates. RV loans can have stricter credit qualifications, so the more prepared you are before you buy, the better off you’ll be.
As for loan length, the loan term for RVs depends on the amount financed and the vehicle’s age. It can also be tailored to your individual needs in most cases. Plan on a term ranging between $25,000–$99,000 for eight to 15 years.
Use an RV payment calculator that will help you figure out how much you can afford.
