Is It Cheaper To Rent Or Buy An RV – The Definitive Answer
Renting or Buying an RV for Family Roadtrips?
Have you ever wanted to take a long road trip to explore the United States, or perhaps just a particular region? Like many, you want to hit the road and enjoy the history and scenes that are a part of this great nation.
The thought of purchasing an RV that you might use once or twice per year and having to store it and all of the other maintenance, upkeep and, of course insurance and storage costs may have you wondering how it would be possible for you to take your family on such a road trip without emptying your wallet.
It is never cheaper to buy an RV new than to rent. Once you start to add in depreciation and upkeep, most new buyers would have been many dollars ahead to rent rather than buy.
The obvious answer is, If you don’t plan to go on RV trips very often, maybe a few times a year, then renting an RV will probably be much cheaper than owning an RV and easier for you in the long run. Renting an RV makes better financial sense.
There is a better way to see the USA without having to go into debt and concerning yourself with the upkeep and expenses involved in owning and maintaining an RV. Renting an RV is a simple, and inexpensive way for you to pack up the family and hit the road for that dream vacation.
IF you do end up owning one, then you could buy 2-3 and rent them out to others as a side hustle through the RVnGO website, but I digress.
Top 4 Reasons You Should Rent Vs. Buying An RV
Don’t Go Into Debt for a Liability
When you rent an RV, you avoid unnecessary consumer debt. Buying an RV is a serious investment and according to Dave Ramsey, it is estimated that the value may depreciate by as much as eighty percent within a couple of years.
There are several considerations in the decision to Rent Or Buy an RV. In buying an RV, the brand, the features, will you buy a trailer or a drivable unit? Will you buy a model off the lot or customize it? What warranties cover and how is it financed?
What year will you buy? In 2020 and 2021, they were slapping them together and rushing them out of the factories. That has led to after sales support issues. Even buying a used RV requires you to save money ahead or go into debt to purchase it. Unless you plan on living in the RV or spending a major portion of your time on the road it, is not the best way to travel. Like owning a swimming pool; the excitement and pride wears off after a few years.
Renting An RV is Like Renting A Car
Another aspect in the Rent Or Buy An RV equation is that Renting an RV is similar to renting a car or truck. You pick it up and drop it off when you are through with the trip. The maintenance and other fees are not your responsibility. Just fill it up with gas and go. Like car rentals, there are many options to choose from. You can find many options from tow-able trailers and toy haulers to drivable Class A’s on RVnGO where they connect RV Owners with renters, bringing people closer together. You’ll find RV Host locations all over the nation, and each one offers the same services with similar amenities and nightly rates, and all are backed by the industry leading damage protection coverage, so you can focus on have a fun trip.
Renting an RV is Simply Inexpensive
Renting from RVnGO is not as costly as you might think. When you rent through RVnGO, we connect you to local RV owners closest to you. You just find the RV that is perfect for you and your family by connecting with one of our many trusted hosts, and we do the rest.
Renting is inexpensive and is comparable to hotel prices without all of the hassles. In fact renting an RV through RVnGO is around 60% less expensive than a traditional vacation and around 30% less expensive than renting an RV through other sources because we don’t have fees or hidden costs.
We provide the damage protection coverage, and our coverage is greater than other RV rental companies that only provide the state minimums or don’t share the exact coverage for your damage waiver fee.
You definitely don’t want to find out the insurance wasn’t enough AFTER you need it.
No Storage And Maintenance
When you rent from RVnGO, you do not have to concern yourself with routine maintenance, or paying someone else to store your RV for the other 10 months of the year. Storage and maintenance can be costly, but you can avoid these costs when you rent.
Additionally, when you are out on the road there is 24/7 roadside assistance available for any problem you might encounter.
So Is It Cheaper To Rent Or Buy An RV? It is Most definitely cheaper to rent an RV.
Where will You Go? Start your journey today at RVnGO.com
