Forum Discussion
rlw999
Apr 02, 2021Explorer
time2roll wrote:
- RVs Are Really Expensive As if rent or a mortgage is cheap
- Your RV Will Depreciate in Value so does your car
I won't answer all of your points, but what makes an RV more expensive in the house is that it's a depreciating asset, but a house (usually) appreciates. After 10 years in a $150K RV, you'll have a $10K vehicle that might be worth almost what you still own on your 15 year loan. After 10 years in a $150K house, you might have a $200K house that you might have already paid off by then and it will last for the rest of your life.
Your $25K car depreciates too, but it's a lot harder to find a car loan that will outlive the useful lifetime of a car, but I've seen 20 year RV loans and may RV's won't last 20 years of full-time living.
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