5 Common Mistakes to Avoid When Buying an RV
When it comes to road trips, you can’t beat recreational vehicles! An RV or trailer could be perfect for your next vacation. RVs are like homes on wheels, giving you all the comforts of having a washroom, kitchen, and real beds. Some RVs have their own cab, while others are pulled by a truck or SUV. These are called trailers, or sometimes campers.
Let’s go over five common mistakes that first time buyers make, to ensure your RV or trailer is the best possible option for you.
1. Ignoring tow capacity
If you’re purchasing a trailer or camper, don’t make the mistake of ignoring tow capacities. The larger your RV, the more difficult it will be to pull with your vehicle. On top of that, heavier trailers will burn more fuel. Make sure you check with a sales representative to figure out what towing capacity you’ll need before making a purchase.
2. Buying in bad condition
Purchasing a used RV is a great way to save money, but be aware of the condition of the RV you’re buying. An RV might have electrical issues, leaking, or broken elements on the interior. Always double check the condition of any used RV, trailer, or camper you’re considering.
3. Having no budget
hen shopping for your perfect RV or trailer, you’ll want to start by deciding on a budget and making sure you don’t exceed it. RVs can be anywhere between $10k to $300k, but there are typically payment plans available. Taking out a loan is also an option. Trailers and campers cost much less, so do your research to find the perfect option for your budget.
4. Ignoring interest rates and taxes
As previously mentioned, taking out a loan is a common way to purchase an RV or trailer. However, make sure you’re considering the loan’s interest rate as well. Read the fine print on your financial agreements to make sure you won’t have to pay more than you can afford. As far as taxes go, the amount of tax you’ll pay when making an RV purchase depends on where you live. You’ll have to pay sales tax, and in certain situations luxury tax may apply as well.
5. Buying an RV that’s too small
When you see the price tags of higher end RVs, you may want to go small to save money. However, consider what you’ll be using your RV or trailer for, and how much time you’ll be spending in it. If you intend to spend a lot of time in your RV or trailer, you want to make sure you buy one that’s big enough to keep you and your family comfortable.
Purchasing an RV or trailer is always fun and exciting. However, remember that this is a major purchase that you’ll be using for years to come. Stay within your budget, but also make sure you get all the features and space you need. You’ll be headed out on your next road trip in no time!