Buying an RV is a big decision. That’s why the more you research before stepping on a lot, the better.
Here are three questions to ask yourself before you shop for an RV.
1. Which class of RV?
There are three classes of RVs: Class A, Class B, and Class C.
Class A are the biggest and most comfortable. Built on big-rig platforms, these are basically rolling houses. They feature full-sized couches and TVs, full bathrooms, kitchens and expandable bedrooms.
Class B motorhomes are on the other side of the spectrum. These are built on full-size van platforms. They include scaled-down versions of the same amenities in Class A motorhomes, in a more maneuverable, less expensive package. Expect to see a small kitchen, a compact bathroom, and sleeping space for 2-3 people.
Class C motorhomes offer a compromise between A and B. These start with cargo-van platforms and extend the wheelbase somewhat to the length of a short bus. Amenities are more complete than in a Class B, but nowhere near as robust as in a Class A.
You may want to investigate other options that can fill the same needs at lower prices. These include camper trailers, pop-ups, and 5th-wheel tow-behind campers.
2. What’s your budget?
How much RV can you afford? Because of the high price tag, financing periods for RVs are typically ten years or longer. Remember: when calculating your monthly budget, you’ll need to include money for fuel, insurance, registration, and maintenance in addition to the monthly payments.
It’s also worth determining what you can budget for a down payment. You may be able to finance 100% of the purchase price of your RV, but putting money down helps protect you against depreciation.
3. When should you get financing?
While many dealers will try to find financing in-house, it’s smart to go in with a pre-approval. It’ll allow you to negotiate from a place of confidence. Also, it’ll prevent you from falling in love with an RV you can’t afford.
If you’re considering an RV, the time to talk about financing is now. How much RV you can afford should be at the forefront of your selection process. If you have any questions about financing an RV or are looking to get pre-approved, contact us today or apply online.