How do you decide how much to spend on an RV
We've been RVing for 16-17 years now, and are looking for a new RV, but are struggling on how much we are willing to spend. We are pretty conservative when it comes to spending money. We really ...
Forum Discussion
nickthehunter wrote:
In my opinion, Wait a few months, you’ll be able to buy it at recession prices. The down side of that is your 2016 will be correspondingly worth less also. I’d say it’s not really an optimal time to buy a depreciating asset.
I suspect you're right. Driving past RV lots now they appear to be full or filling up with RVs, both new and "used only once or twice". Many who bought RVs during the pandemic are also finding out what it really costs to own an RV and many of those are probably under water on the financing they used for their purchase - they're starting to try and get out from under their RV purchases. I'm seeing a lot of alarming reports on the massive buildup of debt for things like cars, homes and RVs as well as the steep decline in peoples savings. It probably isn't going to be a pretty sight when things hit the fan, but could be an excellent buying opportunity for those who bidded their time on major purchases and kept their powder dry.
Also good to keep in mind that cost is what it took to build the unit; price is what the dealer is asking (cost plus profit or loss), and value is what someone is willing to pay.
