Depressing Depreciation
In Alberta in 2011 my truck had a list price of just over $84,000. It could be bought for $70,000 cash. Now, three and a half years later with 62,000 miles on it I would be doing good to get $40k out ...
Forum Discussion
In many cases, depreciation(of the RV and/or TV) is the biggest single expense for RVing and the daily average depreciation is probably more than the campground fee, fuel, food, etc. Estimate the 8 year depreciation of any fairly expensive RV and divide by the number of nights one is likely to spend in it. Ouch!
If you like Rving never do the math! Most folks look at the payment but forget that the new depreciation will often be that much or more doubling the cost per month to own it. After five years it is worth half of new. Rving has a lot of family values that cannot be easily assigned a dollar value, but being inexpensive is not one of them when purchasing new.
