The Real Costs of Buying an RV

Buying an RV is a big purchase, and it’s not one to be undertaken lightly. It’s important that you plan ahead and know exactly how this purchase will impact your financial situation so that you have enough funds to pay for it. This breakdown of the costs of purchasing an RV will help you do just that.

1. Sticker Price

The biggest price and the one most people think about first is the actual asking or sticker price of the RV. The price of an RV depends on whether it’s new or used, what brand it is, how large it is, and what types of features or amenities it has. Sometimes, RVs cost less when they’re purchased outside of peak buying seasons. Usually, you will need to have ten to twenty percent of this cost in ready money for the down payment.

2. Monthly Loan

Most people who buy an RV will use financing on the bulk of the purchase after making the initial down payment. Loans vary widely, and how much you can get will depend on the length of the borrowing period, the amount you need, and your credit score. It’s a good idea to try and raise your credit score as much as you can before purchase.

3. Taxes, Insurance, & Registration

When purchasing the RV in a state with sales tax, don’t forget to factor this amount in. You may also pay property taxes as well as a vehicle registration fee. Insurance is a necessity and it will depend on both your driving record and how much the RV cost.

Come see us at our Pasco, WA, dealership to check out our stock of new and used RVs for sale. Click It RV - Tri-Cities serves Kennewick, WA.