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We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence. Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.
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Being able to travel all over the country and experience different regions is the adventurer’s dream. RVs allow you to travel conveniently without worrying about finding places to stay everywhere you go. Lots of Americans agree that It can make for a fun way to travel as over nine million households own an RV.
If an RV adventure sounds exciting to you, you need to decide if you want to buy or rent an RV. Renting makes for a great option if you don’t plan to use the RV often. But owning an RV allows you much more flexibility and freedom in how you use your vehicle. Consider all the options as you decide how to take an RV trip.
It might sound fun to hit the road in a mobile home and stop wherever you’d like, but how much does it cost? There are many different types of RVs with a wide range of costs. The price can vary greatly within the same type of RVs, too, depending on the types of features they have. Let’s consider the costs to rent versus the cost to buy for each type.
Consider additional costs you will take on with any of these options. How much will gas cost? Does a rental include all the utensils and kitchen supplies or will you have to buy those even if you decide to rent? Are there extra fees with the rental? What items will you need to invest in if you buy an RV? You’ll also need RV insurance if you buy a vehicle.
You could also purchase a used RV. This can help cut costs if you want to buy one but can’t afford a brand new RV. You can also apply for an RV loan if you don’t have the cash to pay all of the costs upfront.
The additional costs can quickly add up whether you rent or buy. Buying may be the way to go if you plan to use the RV a lot. If you only want to try an RV one time, look for rental companies that include everything in one price, so you don’t have to buy additional equipment. Think about the full cost to determine where you get the most bang for your buck.
Renting an RV can be a great option if you don’t want the hassle of purchasing one. However, you will miss out on making your RV feel like home and adding personal touches if you decide to rent.
It’s good to rent an RV for these reasons:
Renting isn’t all good. Consider these disadvantages to renting an RV:
Owning an RV means you have the freedom to spontaneously go on a camping trip. It also means you are responsible for taking care of the RV, and that isn’t always glamorous.
If you want increased mobility and capacity for adventure, owning an RV is for you. Here are the top reasons it’s great to own an RV:
Owning an RV means you are responsible for all the costs and maintenance, which can be a drag if you aren’t up for it. Consider these cons to purchasing an RV:
It costs a lot of money to buy an RV, but it may be worth it in the long run if you plan to use it a lot. If you want a simpler way to use an RV that doesn’t require you to be responsible for all of the maintenance, renting is the better option. Consider what matters most to you to determine whether you want to buy or rent an RV.
Bankrate.com is an independent, advertising-supported publisher and comparison service. Bankrate is compensated in exchange for featured placement of sponsored products and services, or your clicking on links posted on this website. This compensation may impact how, where and in what order products appear. Bankrate.com does not include all companies or all available products.
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