Are you looking to go mobile this summer and explore our country living in an RV? If so, there are lots of factors to consider for your new home away from home.
Type of Adventure
Will you be taking the RV out just for weekend trips or do you plans to spend a few weeks at a time on the road? Or could it even be a trip lasting several months? Be sure you think about the type and length of your adventure before considering the type of RV to buy.
Types of RVs
After planning your course, then it is time to determine which type of RV will best fit your needs. Here are the different types:
- Class A Motorhomes – ideal for long distance, bigger families, living in style. Typically include living rooms, sofas, dining tables, TVs, complete kitchens, full bathroom(s), bedroom(s) and closet space. This is the most expensive option with price ranges from $60,000 to more than $1 million.
- Class B Motorhomes – similar in features to the Class A, but in a smaller size. It is ideal for 2-3 travelers and more like driving a large sized SUV.
- Class C Motorhomes – a mix between Class A and B, this type is a popular rental RV. Range from 20-40 feet so the size can be close to the Class A but the amenities are not as plenty. This is a good choice for a long weekend or possibly a week away.
- Travel Trailers – a lightweight, towable option that can sleep up to six people. Sizes range from 12-33 feet and some offer designer-grade interiors. This option is a hit for those who want to leave their trailer on a campsite while exploring surrounding areas with the tow vehicle.
- Fifth-Wheel Trailer – Easier and more stable to pull than a travel trailer. Excellent for long distance travel or a quick trip to the mountains. Range in size from 18-40 feet long.
- Pop-Up Trailer – Smallest and lightest of the trailer options. Most economical too with prices starting at $4000. These can normally be towed safely by a minivan and are easy to park. Considered the “starter” RV because many people purchase these affordably to test the waters with camping and road travel before investing in a full-sized motorhome.
- Sport Utility RV Trailer – This is the newest option of trailer which has a garage area built into the rear to haul motorcycles, quad runners, watercraft, etc. The garage is separated by a solid wall from the rest of the trailer.
- Truck Camper – This option slide into the bed of a pickup truck, can be offloaded and then set up at a camping site. Typically include a bedroom, small kitchen, toilet and shower.
Rent or Buy?
If you’re a newbie to the RV world, most experts suggest that you rent the rig you’re interested in a few times before you buy. Time to get planning a test weekend adventure or two!
If you’re like most RVers, you’ll probably be financing at least part of your purchase. Check to see what type of loan you can obtain before you go shopping.
TAX TIP: Because virtually every motorhome and many trailers feature beds, kitchens, sinks, and bathrooms, the IRS considers them to be homes. And that means that the interest on your loan may be tax deductible as a home mortgage.
As with any type of home, everyone’s tastes and needs are different. Be sure to do your homework before investing in an RV.
Happy trails to you!
Source: Reserve America
Skyline Financial Corp. and its loan officers are not tax advisors. Always consult a tax professional for details.