Buying a motorhome is a major investment, so you should take the time to find the perfect model when making your purchase. Besides the floorplan, you should look at the warranty that comes with the motorhome, discuss financing options, and ask for reduced prices and interest rates. Never pay the manufacturer's retail price for a motor home, because, just like buying a car, there is always room for negotiation in the price and interest rate.
How to Buy an RV
If you want to save money when you buy an RV, you have to know how to buy an RVbefore you hit the lot or showroom. That's the moment when you'll be most vulnerable, and salespeople may take advantage of your interest and excitement. Start by doing your homework and looking at different models of RVs online to get an idea of what options, extras and floorplans are available.
A helpful way to choose an RV is to accompany a friend who has an RV on a short trip. What are your likes and dislikes of your friend's motorhome? Or, if this is not an option, maybe you can attend a trade show or read the online version of a motorhome magazine or journal, such as RV View. This way you'll be able to learn about the latest RVs and their features, and explore what's right for you. Then, when you hit the showroom, you'll know exactly what you're looking for!
Buying a Recreational Vehicle
Buying a recreational vehicle is a big step, almost as big as a home purchase. But there are a few ways to seek relief from this big financial decision. Did you know that you may be able to take your interest on your RV loan off your taxes? You should check with your CPA or tax preparer, but in many cases, buying a recreational vehicle counts the same as buying a vacation home, and you can take the interest you pay on the loan off your taxes for a tax break.
That means buying a recreational vehicle might not be as expensive as you might think. When you adjust the amount you can save on your taxes from the payments you'll be making on your loan, you may not see as large a payment as you thought. So, to save money when buying a recreational vehicle, check with your tax preparer before you purchase; this way you'll know just how much money you'll save on your taxes at the end of the year!
Buy a Fifth Wheel Instead
Many RVers prefer the convenience of a fifth wheel trailer instead of a full motor home. When you buy a fifth wheel, you need a truck to tow it. Your truck therefore is your built-in travel vehicle once you arrive at your destination, so you don't have to worry about towing a vehicle along with your RV.
In addition, when you buy a fifth wheel trailer, you'll probably get more interior living space because most fifth wheels include sleeping space in a "loft" in the front of the trailer. You also might find more floor space with more comfortable living quarters. In addition, because they are much cheaper than traditional motor homes, you can probably afford to buy a larger fifth wheel trailer than you thought.
Best Buy RV
How do you find the best buy on an RV? We recommend buying an RV directly from a reputable dealer rather than a private party so you get a guarantee on its quality. You can search online to find the make and model of RV you're interested in buying and then look at several different models at your local dealer to narrow down your choices. For the best deal, when you buy RV, purchase during a sale or an advertised promotion.
If you buy an RV when other people aren't in the market for purchasing one, you may be able to negotiate a better deal and end up with more RV bang for your buck. Don't forget to negotiate a lower interest rate when you buy your RV, which can save you thousands of dollars in interest fees over the life of your RV loan.