Whether you’re an experienced road tripper or a novice who simply loves the open road, purchasing a motorhome can be appealing. Envisioning the many places you can travel to in your motorhome will only encourage you to consider adding a motorhome to your lifestyle. Before you jump into caravan sales, you want to ensure that you are making an economically savvy decision for your family. Follow these tips to make the motorhome purchasing experience a simple one and one that is a smart financial decision for you.
Ensure Your Motorhome is Worth the Cost
Purchasing a motorhome brings with it substantial costs, so you want to make sure that you will get your money’s worth. For example, perhaps you regularly rent motorhomes for road trips throughout the year. You can absorb those rental fees into the cost of your motorhome, putting that money toward your investment, not giving it to an RV rental company. On the other hand, if you only plan to use a motorhome once or twice a year, you might not want to invest in such a large purchase when rental options are also available. Before you begin the caravan sales process, make a commitment to the motorhome lifestyle to ensure that your investment is well used, which makes it a more affordable option.
Understand Overhead Costs
You see the price tag of your dream motorhome, you know how much money you want to put down, and you can calculate your monthly payment. Keep in mind that the financing of the motorhome is just one of several expenses related to motorhome ownership. Here are some other overhead costs to consider:
Any upgrades, such as new furniture or accessories
Do Plenty of Research
Entering the motorhome sales process with knowledge maximises your chances of securing a deal. First, familiarize yourself with what the going rate is for a motorhome that you desire. Look at both new and used options, noting the difference between prices. Compare a base model with one with upgraded features and amenities so that you know exactly how much more you’ll be paying for those upgrades. Finally, look at different motorhomes, read reviews, and talk to current motorhome owners to determine which model is right for you.
Make a List of Needs and Wants
If you’re on a budget, purchasing a top-of-the-line motorhome might not be a smart financial decision. As a result, you need to prioritise features and amenities, focusing primarily on those that are needs, not wants. Make a list of those non-negotiable features when you start looking at motorhomes. For instance, you might require a certain number of beds or want a motorhome of a certain size. Make a second list that includes features that you want, listed in order of priority. Entering the sales process with the understanding that you probably won’t get every feature on your list will make it easier to choose a motorhome that’s within your budget.
Nix Unnecessary Amenities to Cut Down on Costs
If you’re struggling to find a motorhome that fits within your budget, it’s time to scale it down. Doing so will help you find a motorhome that’s in your price range, making it a smarter financial decision. Splurging on unnecessary amenities can be wasteful and might result in your purchasing a motorhome that you can’t truly afford.
Depreciation can negatively impact the investment in your motorhome. When you purchase a new-to-you motorhome rather than one straight off of the lot, you can avoid that major depreciation that occurs soon after the purchase. Purchasing a gently used motorhome can be a savvy financial decision, one that saves you significantly in the long term. Some places to search for used motorhomes include:
Local classified ads
Online used car sites
Local RV parks
Be willing to negotiate to secure the best price on your new motorhome. The sales price probably has some built-in room for negotiation, whether you’re buying new or used. As a result, you could be walking away from free money if you simply accept the price as marked. Instead, make a reasonable lower offer to see if the seller knocks the price tag down a bit. If you can’t get the price tag lower, look for incentives such as free oil changes or reduced fees if you’re purchasing through a dealership. Every little bit of savings improves your financial outlook, after all.
Purchasing a motorhome can be an exciting time of your life. However, the caravan sales process might be a bit stressful. When you have thoroughly researched motorhomes, prioritized your needs, and identified a realistic budget, you have set yourself up for financial success. Shop for your new motorhome confidently, armed with the knowledge and financial smarts that will ensure you get the best deal you can.