Your RV’s Value Will Depreciate
The value of “sticks and bricks” houses may rise and fall but it will never go as low as to consider it a really bad investment on the long haul. Unfortunately, it’s not the case with RVs.
“With RVs ranging in price from $60,000 to $600,000, it’s hard to compare them to a home that’s paid off or near being paid off and find financial benefit,” says Margo Armstrong, writer of the RV blog Moving On With Margo. “RVs also depreciate rapidly; when you add in costs for gas, insurance, upkeep, food and the many other expenses of being on the road, traditional vacationing will likely seem to be a better value for your money.”
You’ll most likely not get back your initial investment. Luckily, there’s a market for everything, RV’s included, or you can trade your old RV and use the difference toward the purchase price of a new vehicle.
