Forum Discussion

Floridastorm's avatar
Floridastorm
Explorer
Jul 21, 2016

Am I correct or not?

In my way of thinking when you purchase a motorhome, as you would a house, it's an investment. Yes, unlike a house, there will be depreciation as opposed to appreciation. If you don't live in it full time then there is no tax write off as there would be in a house. However, if you purchase a quality used motorhome, less than 10 years old, I would think that it would hold a large percentage of its value if and when you go to sell it. When you consider, if you are traveling on a regular basis for pleasure, you are having all of the costs associated with traveling, hotels, food, car costs, etc., etc. All of these costs are lost and are not recoverable. However, with a motorhome, a percentage of your cost is recoverable and you are also not spending for hotels, restaurant food, and the cost of a car on the road. I would think that owning and traveling in a motorhome, considering the recoverable cost, would actually be less expensive in the long run than not owning a motorhome. Add in the convenience of having a home away from home with you for comfort alone, should be a major factor calculations when thinking about buying one. Tell me where I'm going wrong.