Effy wrote:
JAC1982 wrote:
In thinking more about this, I guess if you compare the cost of an RV to traditional travel, you'll probably come out ahead with the RV.
We have a toyhauler that we make payments on. We have $350/mo budgeted to pay every month, so $4200/year. We only really take it on weekend trips, with the occasional longer trip. So let's say we average $25/night for camp spots (we don't do the fancier RV parks, usually just state parks or boondocking), and we go an average of 36 nights/year (3 nights/month). So that's $900/year. So we're at $5100/year. Then there's gas and food, let's add another $1000/year for that (which is probably too much since the farthest we drive is 4-5 hours). So we're at $6100/year for our travel budget.
We're in our 30s with no kids, and don't take a lot of other vacations, and when we do they are to places to visit family, and cost us in the $300-500 range (Hubs travels for work so when it comes time for pleasure travel, we fly free due to his points). But, compared to some of our friends who take trips to Europe, or friends with kids who do Disney trips or Disney cruises, we're coming out ahead. So I guess if you spin it that way you could argue that an RV is economical. But it's still not an investment. It's all a "throwaway" expense, financially.
You had me for a while, but really you are comparing apples to oranges. The only way to make the comparison is to calculate the cost of each trip in an RV, vs the SAME trip conventionally. Usually the trip itself is a save in an RV. But when you factor in motorhome travel - specifically the cost, maintenance and gas in a motorhome (which is what the OP asked about) the costs get more. European trips and Disney cruises are notoriously really expensive. I can get a flight or a cruise to the Bahamas for less than $400 for almost a week. If I went to Fla for the weekend in my MH and stayed in my cousins driveway eating my own food, I would still spend that in fuel getting there. Add the monthly payment and insurance on the motorhome - not even including maintenance and I could have taken my whole family to the Bahamas. I could take some really cool trips with $6100 a year for a family of 3. Also to note, you are paying for your RV when you aren't using it and will take a loss when you sell it. So by your amortized rate of payment, technically you will be paying for your RV long after you have it. (not really, but if you amortized it you would)
I guess my argument comes from things we hear from friends "how do you afford to have something like that". It's like, well, we afford it because we don't do other vacations.
There isn't a great comparison for our trips with our RV, to a similar trip without it. We don't go places like Florida, we go to the mountains. So I guess you could compare it to the cost of a lodge or cabin, which run from $75+/night in the places we go. So in that regard, we are still coming out ahead!
Trust me, I'm totally aware our trailer is a complete waste of money, financially speaking. That's not why we got it though :)