Forum Discussion
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Aug 01, 2021Explorer II
rlw999 wrote: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.
If you are the kind that worries about depreciation,then I suggest you not buy an RV.
Not all, (in fact comparatively few) things in my life are dictated by money or financials.
The peace, pleasure, freedom,sense of adventure, all out weigh any depreciation possible. I bought my trailer to run into the ground. I will use up every practical bit of it and then will sell it for pennies on the dollar for someones hunting camp.
I feel pity for anyone whos needs a return on every penny!
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