Is buying an RV a good investment?
Question: Is buying an RV a good investment? We are wondering if it would be a good idea.
Answer: An RV is a depreciating asset, so it is not something most people would consider an investment. However, individuals need to think about this in the context of why they purchase an RV.
If it is for a fulltime RV lifestyle, it may be a good investment in a way of life, even though the physical RV is never going to appreciate or make money for the purchaser. As fulltimers ourselves, we think that it is a great lifestyle. WE have been in our motorhome as fulltimers for over 10 years now. This is a decision that requires research and serious thinking about all the factors involved and your own personal perspectives. For more info and things to consider, see our fulltiming pages.
If the RV is for use for vacations, it may be a more convenient, flexible and affordable way to get away on vacations or short breaks. There are many benefits to RV vacations.
So we think the question needs to be considered in context of the intended use, and not as a purely financial matter.
For more to ponder on the subject, see our pages on New vs. Used, RV buying and RV costs.
We welcome other comments.
Jill Miller is the founder of Your RV Lifestyle. Trading corporate America for the open road, Jill, along with her partner Jose, began their RV journey, making an unconventional start by wintering in New Jersey. A natural adventurer, she was motivated by a desire to explore the USA and beyond, embracing the varied landscapes, communities, and cultures across the country.
For Jill, the allure of RV living was not about material accumulation, but rather the pursuit of an adventurous, fulfilling lifestyle. A lover of golf, bicycling, hiking, and line dancing, she has carried her passions across the country, engaging with them in diverse settings. Jill’s commitment to the RV lifestyle came after years of careful research, numerous consultations with RV owners, and personal trials, including living in a rental RV.