Does this make sense-buying a used motorhome for 1 year use
I accidentally posted this in the Class C forum first, hope it's ok to cross post.
My wife and I are retiring early (I'm 59, she's 55). We're thinking of buying a 4-6 year old motorhome. We don't know where we want to live when we retire, we would use the motorhome to investigate options from FL to WA. Once we know where we want to live we'd probably sell the motorhome. Based on articles I've read about the depreciation of RVs, it seems like this would be financially viable. If I bought a 5 year old motorhome for say $80k, used it for a year and then sold it, it looks like it would be worth $60-$65k. Excluding the operating costs, that means the RV cost me $15k-$20k for the year, which is significantly cheaper than renting. Does that make sense? Thanks in advance for your perspective.
My wife and I are retiring early (I'm 59, she's 55). We're thinking of buying a 4-6 year old motorhome. We don't know where we want to live when we retire, we would use the motorhome to investigate options from FL to WA. Once we know where we want to live we'd probably sell the motorhome. Based on articles I've read about the depreciation of RVs, it seems like this would be financially viable. If I bought a 5 year old motorhome for say $80k, used it for a year and then sold it, it looks like it would be worth $60-$65k. Excluding the operating costs, that means the RV cost me $15k-$20k for the year, which is significantly cheaper than renting. Does that make sense? Thanks in advance for your perspective.
