Love the great outdoors but hate having to sleep in a tent? Purchasing a recreational vehicle (RV) may be just what you need to transform those summer trips. If you have not bought an RV before, though, you may be confused as to where to start. What features should you be looking for? Are there any major deal breakers? Is it a good idea to buy a used RV?
We understand that it may be tough to make these decisions all on your own. This is why this blog post will shed some light on the important information you need to know as you choose your RV.
So, You’re Buying a New RV
When you start considering the thought of buying an RV, there are many things you need to think about. Though it may be tempting and really enticing to think about buying a flashy brand new RV, those things usually cost an arm and a leg. Unless you plan on living in the RV you buy, it may not be a sound financial decision to buy one that is brand new.
Another important thing to remember is that there will be various other expenses that will come with owning an RV. Maintenance, repairs, fuel and insurance are only a few of these expenses that you will need to take care of once the vehicle is yours.
Lastly, you need to consider the size of your RV. How much extra space in your driveway do you have for it? Where will you be storing it when it isn’t in use? Take this into account when you narrow down your choices.
Red Flags to Look Out for
Once RVS are put up for sale, especially the used ones, they often look spick and span on the outside. Upon closer inspection, however, you may find some deal-breakers. It is important to look into these when you choose the RV you will ultimately purchase.
It is important to look for mold damage on the interior of the mobile home. Checking that the tires are less than five years old is another concern, unless the vehicle is cheap enough that you don’t mind replacing the tires yourself. Lastly, it is crucial to check the RV’s VIN to see if it has been involved in any motor accidents or if it is a stolen vehicle.
Finding the Best Deal
Once you set your sights on the mobile home that you want, it is a good idea to shop around for good financing deals. There are many lending institutions that may offer great deals for RV financing, and you may opt to inquire with your bank as well. The important thing is not to rush into anything too quickly. Take time to ponder on each financing option and look into the details until you find an offer that will work for your needs.
Choosing an RV may seem tedious in the beginning, but if you know what to look out for, you will be able to male an easy job of finding the right one. When you find the RV you want, you will be ready for your next big adventure!
If you are ready to buy your new mobile home, come to Good Neighbors Credit Union! We expertly deliver a range of products, services, tools, and resources that empowers our members to manage their finances, and inspires them to leverage their fullest potential. Apply for an auto loan with us today!