Before you buy an RV, you need to know how much you’re actually going to be spending. Many people forget that the full cost of RV ownership extends far beyond the sticker price. At Meridian RV, we want you to make an informed decision when buying a camper. That’s why we’ve created the following guide breaking down the real cost of owning a recreational vehicle.
Read on to learn more, and give us a call when you’re ready to see some models for sale. We are located in Port Coquitlam, and 100 Mile House, British Columbia and proudly serve Vancouver and Kamloops too!
The Initial Price
The first expense you need to take into consideration is the sticker price. The exact cost will vary depending on a variety of factors including:
- The type of camper. Towable models tend to be more affordable while motorhomes cost more.
- The size. Larger models require more building materials and consequently cost more.
- The features. More luxurious features translates to a higher price.
- The age. The latest models will be the most expensive while used campers will be less.
- The time of year. Dealerships see a decline in sales during the off-season and will offer better deals during this time.
The Loan
If you decide to pursue an RV loan, you’ll end up paying interest, which is another cost of ownership. The amount you owe will depend on:
- Your credit score
- The amount of the loan
- How long you are borrowing
- Whether the loan is for a new, used, refinanced, or full-time living model
Taxes and Registration
Another cost associated with RV ownership is taxes and fees. You may need to pay a sales tax, property tax, and a registration fee. This registration fee may need to be renewed annually.
Insurance
Don’t forget about insurance! The price of insurance will depend on the value of the rig and your driving record too.
Travel Fees
Now that you’ve purchased your camper, it’s time to hit the road! There are costs associated with travel that will add to the full cost of ownership. These fees include:
- Fuel: how much are you paying for gas?
- Maintenance: you should expect to pay maintenance fees throughout the lifespan of your rig to keep it running smoothly.
- Storage: if you don’t have room on your property for your rig, you’ll need to pay for storage.
- Campsite fees: you may have to pay for utilities at certain campsites in addition to standard fees.
Are you ready to make an investment in a new camper? We hope this guide has shown you what the full cost of RV ownership is! If you still have questions, reach out to our team at Meridian RV in Port Coquitlam, and 100 Mile House, British Columbia. We also proudly serve those in Vancouver and Kamloops. We can’t wait to help you find the perfect rig for your next road trip!
