The Cramming Memories's Podcast

4. Buying an RV is not cheaper than . . .

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Buying an RV might not be cheaper than other vacations. If you could only use the RV a couple times of year does owning one make sense for your family. I took some figures and used some old fashion math to prove my point. Let us know if it's worth it for your family. 

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Scenario 1:

  • Travel Trailer cost: $22,900 financed for 6 years @ 4.5%: $363 per month/total: $26,136
  • Insurance is: $40 per month is total $480 per year. Total of $2880 for 6 years
  • Average of $2000 startup cost for hitch and other camper stuff
  • Tag for $225 per year. Total of $1350 for 6 years
  • Total spent for 6 year period for Trailer, Insurance, Start up and Tag: $32,366
  • Per month cost for 6 years: $449
  • Per year cost for 6 years: $5,388

    • Scenario 2:

    • Class A cost: $90,000 financed for 10 years @ 5.5%: $976 per month/total: $117,120
  • Insurance is: $130 per month is $1560 per year. Total of $15,600 for 10 years
  • Startup cost is $2000
  • Tag is $400 per year: $4000
  • Total spent for 10 year period: $138,720
  • Per month cost for 10 year: $1,156 
  • Per year cost for 10 years: $13,872
    • ...more
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