The Cost of Owning an RV
Owning an RV is a great way to get out and explore the world around you while maintaining some of the everyday comforts of home. However, before you jump into owning an RV, it’s best to understand the different costs that go into purchasing and maintaining your new recreational vehicle. At El Monte RV, our staff is not only prepared to help you find the perfect RV for your family, but we can also help you weigh the costs of buying new or used, as well as other costs associated with owning an RV.
New vs. Used
As with most things, buying a brand new RV will typically cost you in the thousands over what you would pay for a used motorhome or RV for sale. Depending on the size, features, and upgrades, you might pay anything from $30,000 for a basic RV to as much as $350,000 for a top-of-the-line model.
Choosing to buy a used motorhome or RV will help save on the purchase price, however as with any used vehicle, you will run the risk of potentially needing to perform repairs sooner than you would on a new RV due to normal wear and tear. Thankfully, buying from a trusted dealer like El Monte RV can help alleviate some of this concern, since all our used RVs are inspected by trained technicians before being sold.
Another up-front cost to factor in will be the tax, title, and licensing fees associated with the purchase of any vehicle. This amount will vary based on the sale price of your RV as well as state and local government.
Plan for Monthly Expenses
Other than the expected up-front costs, there will be monthly or other semi-regular expenses to factor into your budget. Insurance coverage, fuel, regular maintenance, as well as groceries and other household supplies will need to be accounted for. Remember, an RV is a home away from home and needs to be stocked with groceries, toiletries, and other necessities just as your permanent residence. Though the cost of all of this depends on the RV type, location, the number of inhabitants, and how much you travel in it, you should be able to make a decent estimate on monthly costs by speaking to your insurance agent and reviewing your current grocery budget.
Repair Costs
We all hope it never becomes an issue, but you should always plan for the worst and have money set aside in your budget for emergency repairs. You never know when a minor or major repair may be needed, so ensuring you have money allocated to cover this will help make sure you don’t find yourself in a tough situation with potentially costly repairs.
Cost of Storage
If you don’t have the capacity to do it yourself then you will also need to plan for the cost of storing your RV over the winter or anytime it will not be in use for long periods of time. While the cost of storing your RV will vary by business, El Monte RV offers low monthly rates of $110 per month for any size, and also includes many other attractive benefits such as maintenance and mechanical services, 24-hour video surveillance, and more!
Searching for a Reliable Used Motorhome for Sale? Visit El Monte RV!
There are many factors to consider when budgeting for an RV, so we understand that it can sometimes feel overwhelming. At El Monte RV, our knowledgeable staff can help walk you through many of the ins and outs of RV ownership. If you’ve been looking for the perfect new recreational vehicle for your family, contact us to learn more or come visit us today to check out our large inventory of used RVs for sale - we look forward to seeing you!