5 Reasons To Avoid A High End RV
RVs, vans, and motorhomes have been popular for years and the industry has never stopped creating bigger, better models. A luxury or high end RV might seem appealing to travelers who are looking for an upgrade, but don’t pull out your wallet just yet!
These beautiful vehicles can be a pretty terrible investment if you won’t weigh the pros and cons. Although it might seem nice upfront, let’s go through 5 reasons to avoid a high end RV.
1. They’re very expensive
The first drawback is probably the most obvious. Luxury RVs are extremely expensive. Even the cheapest travel trailers are usually more than $10,000 so any type of RV comes with a serious price tag. In fact, some of the most expensive luxury RVs in the world can be over a million dollars.
Obviously, there is a price range when you want to buy any type of vehicle, but don’t be surprised if the high end RV you’re interested in comes with a 6-digit price tag. In a lot of cases, the money you would spend on an RV could be invested into savings or put toward a more permanent purchase, such as a house.
You don’t save as much money as you would think when you live out of an RV. There are still taxes, insurance, gas costs, parking fees, and a slew of other expenses to consider. A luxury RV will seldom (if ever) pay for itself over time.
2. Large and bulky
Another drawback of a high end RV is the size. Luxury RVs are generally quite large (often more than 40 feet long) and are difficult to maneuver. You may enjoy the extra room when it comes to storage space and interior comfort, but it just becomes very unwieldy on the road.
If your luxury unit is a fifth wheel or a travel trailer, you’ll also have to deal with the extra length that a tow vehicle adds. Many drivers have a hard time adapting to driving with a heavy trailer, and this is a learning curve that you definitely won’t want to go through with a large, expensive RV.
First-time buyers should probably avoid high end models because they are hard to drive with and park. It’s almost impossible to find parking for them in urban areas, so good luck if you’re traveling with a 40+ foot Class A motorhome!
Many campsites also have length limits, so you won’t always be able to find parking at RV parks and campgrounds. If they do have extra-large lots, they are often limited and may need to be reserved ahead of time.
3. Financial risk and low resale value
As mentioned above, luxury RVs cost a pretty penny! In most cases it will take a long time to fully pay them off and you may need to deal with compounding interest rates as well. When you factor in the cost of any upgrades, as well as other expenses, these beautiful RVS can become money pits.
If you happen to run into trouble on the road and have an uninsured car crash, you could lose thousands (or tens of thousands) of dollars. This is another reason why first-time buyers should avoid pricey models as they learn how to drive. Any damages will put a dent in your investment and your savings.
RVs are also notorious for having low resale values. New models are constantly being produced, making RVs out of date the moment they’re sold. It’s common for RVs to depreciate by 20% as soon as they’re driven off the lot. They continue to lose value every year afterward and it’s difficult to resell them.
So if you buy a high end RV and regret your decision later, it’s going to be hard to get rid of this vehicle without losing a ton of money in the process.
4. Lots of maintenance required
Luxury RVs have earned that title because of their large size, thoughtful designs, and large number of amenities. Every inch of these vehicles is full of gadgets, electronics, and appliances. This may seem like a positive thing upfront (and sometimes it is) but the more appliances you have, the more potential there is for things to break down.
In a basic travel trailer, the main things you’ll need to worry about are a sink, shower, TV, and maybe a refrigerator. But when you’re traveling with a living space that comes with a fully outfitted kitchen, laundry machines, and all kinds of smart technology, there is a much higher risk of something breaking. It’s just the law of large numbers!
Expensive appliances also may require more specialized care. When something is very high-quality, it requires high-quality care. This service doesn’t come cheap and it’s hard to do by yourself. Although warranties may cover things that break, it doesn’t reimburse you for the time and inconvenience.
So just because something is fancy, that doesn’t necessarily mean that you’ll want to bring it on the road with you.
5. Space is limited
Finally, you have to keep in mind that an RV (even a high end RV) has a limited floor plan. Every U.S. state has size limit laws for vehicles, and once you pass a certain point, an RV would just get too big to move from place to place.
The idea of tiny houses, van life, and RV traveling appeal to many people. But the reality is usually quite different from the fantasy ideal. When most people purchase a luxury RV, they do it so they can spend the majority of their time traveling in comfort. Some people even live out of their RV year-round.
But if you do this, you need to remember that you’re dealing with a limited space. The lack of elbow room might not bother you at first, but once you throw a few grandkids in the mix, things can start getting claustrophobic really quickly. If you love to collect an pack a lot of things, the lack of storage space could also start to cramp your style.
You can’t create more space in an RV the same way you might build onto a house. So once you’ve bought it, that’s as big as it will get. You’d better be confident that you can fit your life and possessions into the limited space it provides.