If you have made the decision to commit to buying a motorhome, then you can look forward to all those years out on the open road ahead of you. Motorhomes are the ideal way to get a bit of freedom on your vacations, as you won’t be constricted by accommodation check-in times. If you are already considering making an investment like this, then here are four top tips to help you weigh up your options.
Save, save, save
Even though modern finance options mean that you don’t have to pay for the upfront cost all in one go, it is still wise to save. Ultimately, you will need your direct amount clear in your account every month to ensure that you can pay off the final amount. Not being able to pay for this could negatively affect your credit rating in the future. The best way to ensure that you can pay this off is to save a healthy amount before you go in for your purchase. This could either act as a deposit or a financial guarantee for your direct debits.
Consider the freedom
If it’s motivation you need to start saving for a deposit or to make room for the extra debit from your account every month, then read this guide on buying a motor home. Giving yourself some long-term goals will help incentivize you to save as much as possible, and get a healthy amount of money put away for the total cost.
Consider new or old
How much you save up will likely depend on the class of the motorhome you are after (different classes relate to how large the motorhome is and what it is equipped with) and how old it is. It is often recommended that you opt for a newer model, as these are often far more fuel-efficient and will come with a warranty. You don’t want to purchase a motorhome that not only doesn’t come with a warranty but also happens to be riddled with faults that need fixing. On the other hand, if you hunt carefully, you could find some older versions still in good condition, which are initially more cost-effective.
Be realistic about amenities
Your budget will not only determine what class and age of RV you get, but also what amenities it comes with. If you don’t have a particularly luxurious budget, it’s important not to get too carried away with the endless array of fancy accessories you can get with brand new RVs. These are often additions to your kitchen and other living quarters, which, while very pleasant, are often unnecessary and can rack up the final price you pay.
Investing in a motorhome is much like house hunting: you have to decide how old a version you are prepared to go for and how luxurious you can realistically go with the budget you have. However, if you save enough and are sensible with your spending, you could have a real investment on your hands for your future travels.
