Buying Vs. Renting a Recreational Vehicle

You are ready to go on vacation. You wish you had a recreational vehicle so you don’t have to stay in hotel rooms. You like having your own place. Buying an RV can be expensive. You could rent one, but there are some things to consider before renting. Here are a few things to consider when you are trying to decide whether to buy or rent an RV.

Buying an RV

Obviously buying a brand new RV is expensive. These vehicles can range anywhere from $35,000 - $200,000, depending on the make and model. You could buy a used RV and save some money, but there are still some things to consider before buying an RV. Are you comfortable driving a large vehicle on the road? RVs are at least three times as big as a car. They take up space on the road and in parking lots. They require additional gasoline and have high gas mileage rates. The RV will be great on vacation or when you visit family during the holidays, but where will you store it during the rest of the year? Do you have space in your driveway? Will you need to rent a storage unit to house your vehicle? RVs also require maintenance. You will need to make repairs, like a house and complete maintenance requirements, like a car. The RV will be similar to owning an additional car and house. You will also need to purchase additional insurance to cover your RV. This is an extra expense you may not have considered.

Renting an RV

Renting an RV can be more affordable than purchasing one; however, there are still several things to consider when renting an RV. when you rent an RV, you will pay per day or week, ranging from $50.00 to $200.00 per day. There may also be additional charages for gasoline and the number of miles you drive the vehicle. You will want to rent an RV from a reputable company and read the fine print in the contract. Many companies require additional money for gasoline, miles and maintenance. If you don’t have the space to store an RV, renting one is your best option. When you rent an RV, you will need to be cautious not to damage the vehicle, as you will have to repair any damages. You will also need to contact your insurance agent to determine if you need to purchase additional insurance when renting an RV.