Why not to buy used.
I know there are MANY on her who say. NEVER buy new, always buy used RVs. Myself. I always buy new, and here is an example why. This week we were camping beside a man who had just bought a used 201...
Forum Discussion
Terryallan wrote:DallasSteve wrote:
As a former CPA I must comment that depreciation is a cost of owning an RV even if you choose to ignore it to make yourself feel better. If you spend $100,000 on a motorhome and you keep it 50 years until you die you still lost the use of that $100,000 for other purposes. If you don't care about that extra $100,000, that's fine, but depreciation is still a real cost to anyone wanting to get into RVs.
Actually that makes no sense. ANYTHING you buy ties that money up so you can't use it for anything else. Sad that you have to put money before anything. And a question. Who did you buy your RV for? You? or the next guy. I bought mine for me.
"Actually that makes no sense."
Seriously? I would never go onto a forum about brain surgery and offer advice on how to operate, for a pretty simple reason. I would have no idea what I was talking about. In a similar vein, here you are, arguing with an accountant, yet the concept of "Lost Opportunity Cost" is something that makes no sense to you? That is simply amazing.
You might want to grab a copy of, "the millionaire next door". It's a useful tool in explaining the difference between those that understand that a lifetime of discipline, and solid decision making, backed by solid financial education, can leave you retiring young and wealthy, on the same paycheck that most squander away. An obvious component of that success is understanding why you don't succeed by buying new toys (boats, RVs, ATVs, etc) and throw away 60% of your purchase price, in the first couple or years, in depreciation.
