The Real Cost of RV Ownership
RV ownership can be a thoroughly enjoyable experience, but it’s important that buyers have a handle on how much owning an RV actually costs. Things like insurance fees and maintenance costs can add up quickly. If you’re not careful, you might end up spending much more than you thought you would spend. That’s why the experts at Baydo’s RV Center have created this guide to the full costs of RV ownership.
The RV’s Asking Price
An RV’s actual asking price depends upon several factors. For example, motorhomes have built-in engines, which makes them more complex and thus more expensive than trailer RVs. Similarly, larger RVs and RVs with more features tend to cost more as well. Other factors that can affect an RV’s sticker price include its age and what time of year you make your purchase.
The RV Loan
Many RV buyers choose to take out a loan, and if you go this route you’ll have to pay interest. Just how much interest you’ll pay depends on several factors, including your credit score, the total amount loaned, how long you intend to borrow, and whether the RV is new, used, refinanced, or meant for full-time living.
Taxes, Registration Fees, and Insurance
While those purchasing an RV to use as their primary residence may qualify for tax breaks, in most cases you’ll have to pay sales tax, property taxes, and a registration fee (which may be a one-time fee or a yearly fee). As for insurance, the amount paid will depend upon your driving record and your RV’s overall value.
Travel Costs
One more thing to consider when purchasing an RV is the costs incurred while out traveling. First up is fuel costs, which are determined by how fuel efficient your RV is, the amount of weight hauled, the distance and speed traveled, and how much gas stations charge along your route. There’s also maintenance fees, determined by what type of RV you own and how much you invest in preventative maintenance. Storage and utility fees should also be on your mind. Lastly, there’s the cost of the campsite itself, which depends on its location, its popularity, what amenities are available, and so on.
Shop new and pre-owned RVs at Baydo’s RV Center in Fife, Washington, and check out the parts and services we offer at our location in Milton, WA. We also offer RV financing and trade-ins and are proud to serve communities like Tacoma, Washington. Stop by today!