Is an RV a Good Investment? Things You Need to Know
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Is an RV a good investment? The answer to this question can vary based on a few factors. That said, buying a motorhome is usually an awesome and profitable investment, especially if you consider the intangible benefits you get, like helping you build a better family dynamic.
At Kirkland RV, we’ve helped countless families and individuals find the best RV for their needs. Let’s take a look at whether or not RVs are a good investment and what you need to do to find the perfect rig for you.
Is Buying an RV a Good Investment?
Is buying an RV a good investment? The short answer is yes, it definitely is.
There are great financial and practical reasons for buying an RV, like creating special family memories, getting closer to nature, and being more comfortable during each holiday trip. Let’s take a closer look at these.
Family Memories
Are RVs a good investment if you have children? Absolutely!
Every family vacation means that you’ll be spending loads of time in close proximity to your family. Rather than being stressed with airports and hotel check-ins, an RV will help you remain in a comfortable and familiar space throughout your trip.
So, you can focus on fun pastimes and activities while enjoying every moment with your loved ones.
Maximum Comfort While Traveling
Is a motorhome a good investment? This is a hard yes if you value comfort while traveling.
When traveling in an RV you don’t have to adhere to baggage allowances, so you can bring all the clothes and other items you need to feel comfortable. Heck, you can even bring bicycles and similar items depending on your rig’s storage setup.
Potential for Rental Income
Lastly, it’s possible to cover some maintenance and repair expenses by renting your RV and generating income from it.
To do this, it’s possible to find an RV rental company that specializes in renting private rigs while they’re not in use.
Explaining RV Depreciation
Is an RV a good investment? Even when you factor in depreciation the answer is a resounding yes. That said, it’s worth going over RV depreciation.
Depreciation refers to the rate at which your RV loses its monetary value. In a nutshell, depreciation works like this:
- RVs retain around 70% of their purchase price for up to 3 years;
- After 5 years, this number drops to 51%;
- Finally, after 10 years, some RVs are worth roughly 38% of their purchase price.
Note that many elements can affect the perceived value of your RV, including the brand, year, model, additional accessories, maintenance regime, general mechanic and aesthetic condition, and so on.
Getting the Perfect RV for Your Family
Finding the perfect RV to embark on family vacations is an exciting and fulfilling process. Plus, once you find the ideal rig, your lifestyle can change completely and include endless amounts of fun during each and every holiday.
With that in mind, it’s important to evaluate whether or not purchasing an RV is an awesome investment. This depends on what you get out of it – while it’s true that they require maintenance and repairs, RVs also retain a large percentage of their original value and can help you develop healthier, more family-centric habits.
At Kirkland RV, our team of RV experts can help you research and learn as much as you can about each type of motorhome. This will help ensure that you choose the right rig and that you get the most out of your investment.
Contact us today and our sales team will be glad to help.
