What's the Full Cost of Owning an RV?

If you are building your RV budget, it's important to include ALL of the related expenses. The cost of ownership extends beyond the price of the initial purchase. The following guide covers some key factors you will want to consider in your financial planning process.

The Initial Purchase Price

The RV's sticker price is going to be the majority of your budget, of course. The actual amount will depend on many factors, from the type of RV to the camper's age. Be sure to analyze your finances and determine what a realistic price range would be.

The RV Loan

Most people pursue RV financing. If you plan on financing your purchase, you'll want to budget for the down payment as well as the monthly payments. Don't forget to factor in the cost of interest!

Insurance

You definitely will want to invest in insurance for your camper. The cost of insurance will depend on the type of coverage you get, the value of your RV, as well as your driving record.

Traveling Costs

It does cost money to travel with an RV. Each vacation will involve costs relating to fuel, utilities, campsite rental, and food, after all. The longer the trip, the higher these costs will be. But it still will be much cheaper than flying to your destination and staying in a hotel!

Maintenance Costs

You'll need to keep up with regular RV maintenance. Otherwise, your camper will start to wear down due to the effects of traveling. A bit of upfront spending on preventative maintenance can save you a fortune in repairs and parts replacements down the road.

Ready to explore RVs for sale? Check out the selection at Sun & Fun RVs. Our dealership is based in Tiffin, Iowa, and we also serve those in Iowa City and Davenport.