Am I correct or not?
In my way of thinking when you purchase a motorhome, as you would a house, it's an investment. Yes, unlike a house, there will be depreciation as opposed to appreciation. If you don't live in it full ...
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Once again, folks. I am not saying that a motor home is an "investment". I am simply saying that I will have recoverable funds when I sell it. I bought a small used Class A motor home in excellent shape in 1985 for $11,000. I used it for 5 years and actually sold it for $11,000. My recoverable funds were the same amount that I paid for it. I used the motor home for all 5 years. Of course I had the expense of upkeep and maintenance. But, I saved on hotels, restaurant food, and possibly other entertainment every time I traveled. So, in essence it cost me very little to own that motor home. Even if I had sold it for $6,000, it would have cost me $5,000 over 5 years or $1,000 per year. Also, you have the comfort and convenience of traveling in a motor home as opposed to a cramped car.
I'm not stating that any RV should be an investment, which it is not. I'm saying that, if you maintain the motor home in excellent condition, you will sell it and recover a specific portion of what you paid for it on a sliding scale from newer to older. Which means that you recover a portion of what you paid for it and have the RV to use anytime you wish during the time you own it.
I'm not stating that any RV should be an investment, which it is not. I'm saying that, if you maintain the motor home in excellent condition, you will sell it and recover a specific portion of what you paid for it on a sliding scale from newer to older. Which means that you recover a portion of what you paid for it and have the RV to use anytime you wish during the time you own it.
