The Costs of Owning a RV or Camper

 If you enjoy camping or traveling on the road, you may have considering buying an RV or camper trailer at some point.  Depending on what you are going to use it for and how often, they could be a good investment for you or your family.  However, they can also cause financial trouble, so make sure that you fully understand what you are getting into before you buy.


Buying an RV

RVs and campers can be expensive.  Most people end up getting a Recreational Vehicle Loan to buy an RV or camper, but some pay with cash.  Just like a car, you can save a lot of money if you buy used versus new.  You should also look online to see what other similar RVs and campers are going for to get a good estimate of value.

When you buy an RV, you also need to make sure that you get insurance for it.  You can look at sites  to see what the various options are for insurance, and what average prices are.  It is important to think about what you want to cover, because usually you drive your RV to remote places, and it could be difficult and expensive to get towing and repairs.


Maintaining an RV

Maintaining an RV or camper can be very expensive as well.  You have to think about it as maintaining both a car and a house.  First, you will have your basic fuel costs.  If you have a small camper, the extra fuel cost could be very small.  However, as you get to larger RVs and motor homes, you are looking at anywhere from 6 to 15 MPG.  Not very much, so it will add up.

You also need to consider parking and storage for your RV.  If you are at home, where will you park it, or will you have to pay for storage?  On the road, you need to consider the costs of staying in an RV park or campground, and what it costs for hook-ups.  Most places charge anywhere from $10 to $50 for full hook-ups.


Finally, you need to consider the maintenance and upkeep of all the amenities on board.  For example, you will need to get gas or propane for any generators, and you will need to pay for septic dumps as required.  Also, if you have a TV or Satellite, you will need to pay for service for that as well.

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