Buying an RV is a great opportunity to get out there and manage your own vacation. It can also be a money-saving opportunity, believe it or not.
Here’s how you can save money as a new RV owner:
Start with low interest rates and good credit
Financing an RV doesn’t have to be stressful – after all, you’re hiking.
To get the best trailer finance deal, make sure you have good credit, a low debt-to-income ratio, and a proper down payment. RV loans may have more stringent credit requirements, such as getting a higher credit score and possibly a down payment to get a lower interest rate, so the better prepared you are before you buy, the better. it’s for you.
When it comes to loan term, the loan term for RVs depends on the amount financed and the age of the vehicle. The average lead time for recreational trailers between $ 25,000 and $ 99,000 is 8 to 15 years. Use the RV Payment Calculator to figure out how much you can afford and find the best RV loan rates to save more money in the long run.
Learn how to do your own (minor) renovations
Repairing a real RV can seem daunting, but you’ll be surprised at how many repairs you can do yourself.
For example, replacing ventilation covers is very easy. , a seasonal quest that requires several parts and several moments of your time. The same goes for leaky drain valves, and when it comes to a leaky roof, you can save thousands of dollars by investing in some sort of sealant and ladder.
With a little sand and a few tools – and help from Google – you can save thousands of dollars in repair and parts costs.
Get the best insurance for your needs
RV insurance is a must, no matter how much time you spend on it.
Work with your insurance agent to determine the amount of insurance required by law and the amount you need for your personal situation.
Find your fuel supply
Refueling your motorhome doesn’t come cheap, but shopping can save you a lot of money.
First, don’t pay for convenience. It has been proven that prices at stations located just below the exit are lower than on roads closest to highways.
Second, be careful with the fuel. Don’t wait until your tank is nearly empty to fill up, turn off the engine as much as possible and keep your tires properly inflated. Small steps like this can help you turn what was once gasoline money into extra adventure funds.
Use this kitchen
It’s a simple concept, but a lot of new RV owners forget: you bought a car with a kitchen, don’t forget to use it.
Instead of eating every day, spend a day or two in a portable canteen. Learn how to cook your favorite meals indoors and enjoy them in the fresh air. You will be amazed at how much money you save and how much healthier you feel.