Should we Rent or Buy an RV?
Our family (my wife, 3 kids, 11, 8 and 3) is planning a month long vacation this summer. We're going to hit the midwest including the Dakotas, Yellowstone, Glacier NP, some of Utah, Colorado and as ma...
Forum Discussion
Bumpyroad wrote:Grit dog wrote:
^ Drop the price or hang onto it.
It’s not going to rust to death in one year sitting on the lawn, especially if you’re selling it.
folks here fuss about lot rot.
bumpy
My comment had nothing to do with rot. I was pointing out that the loss of interest on the money used to buy, the insurance, etc., will continue to increase the longer it takes to sell. Finding that "breaking even point" on outgoing money versus what you will make back is important if you are looking at this as an investment/cost effectiveness purchase rather than an "I want an RV" purchase.
The OP is calculating using a set time of ownership. That's not realistic - the RV may not get any lookers for months or it may only get offers at a significantly lower price than calculated. If he's going to do all this work to determine the value of buying over renting, then he should include those variables and determine what the lowest he can sell it for and the longest he can wait out for the price he wants to get.
Personally, I'd rent and spend my time planning the actual trip than worrying over buying and selling a large item I only want to use once.
