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Luke57's avatar
Luke57
Explorer
Jun 16, 2017

Does this make sense?

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.
  • Hi,

    I don't think you need to spend 80K on a 5 year old class C. Look for a 26 foot with no slides.
  • gafidler wrote:
    YES


    X10 !

    Buy a nice used one right and you will most likely be able to sell it for what you paid for it if you keep it maintained and clean.

    Buying a new MH will keep you upside down till you die. I.E. you will never be able to sell it for what you owe on it. And will forever be in debt. RV's lose a "huge" depreciation just driving it off the dealers lot.

    It was what I did after I thankfully got a clear mind and cancelled the order for that brand new DP I "thought" I had to have. Drove my first used Class C for 4 years and then sold it for what I paid for it. 4 years of free RV'ing to travel the roads to see where I wanted to settle down. :C

    Find a nice used Class C that has the floor plan that works for you and your family. Check to see if the selling price is in line or less than with what it is appraised at.

    Which by the way there are a plethora of real nice RV's for sale you can find at less than what some book appraises them at.

    Sad for the seller, but great for a buyer, are the many RV owners out there who desperately need to sell their RV for one reason or another and can be bought for way less than what they are worth. I know I found several and bought them.

    Take your time and search around for the best deal and take the plunge. Hope you find the perfect RV for you and your family. :C
  • Yep makes sense but you may become addicted to the RV life and then it will cost$80,000
  • It's financially reasonable to buy/sell over renting for a while.

    The fun thing to do would be to keep it and use it to see this beautiful country!