I’ve had two different people e-mailing me in the last few days with questions about buying an RV for fulltime living. That’s not surprising, I get a lot of e-mails from people asking for advice, and I’m always happy to offer whatever I can, with the caveat that it’s free advice, and worth exactly what they paid for it.
But in this case, both couples were concerned with minimizing the amount of money they would lose on an RV once they finished their RVing adventures and were ready to sell it. In both cases, I had to burst their bubbles, because their expectations were totally unrealistic.
The first couple is looking at bus conversions, and has narrowed it down to either a professionally converted five year old MCI, or an older but very nice Eagle home conversion. They told me that they plan to fulltime from three to five years, and then go back into a sticks and bricks someplace. The MCI was $135,000, while the older Eagle was only $75,000, a significant price difference. They felt that the MCI would only depreciate 10% in five years, meaning that they would lose $13,500 when they sold it, while they were afraid they might lose as much as $25,000 on the Eagle.
In the second case, they have two kids and want to spend two years traveling and home schooling their kids, while looking for a new place to settle down. As they explained it, they are considering a used Airstream travel trailer, and also a used Montana fifth wheel, and again, they wanted to know which would be the best investment, based upon future resale value.
In both cases, I responded that an RV is not an investment, except in a wonderful lifestyle. But when it comes to money, you just have to accept the fact that you are going to lose a lot of it the day you take possession of an RV. And I don’t care if it’s the newest mega-luxury coach, or a simple little weekender travel trailer. The only people who make money when an RV is sold are the folks at the dealership, and these days, a lot of them are losing money, too!
Speaking of spending money, what’s with kids’ toys these days? My daughter called to give us a couple of suggestions of toys for my two granddaughters, and when we went online to look for them, the dumb things were selling for over $50! In fact, one was $95! For a doll!
Am I just a Grinch, or does anybody else think it’s insane to spend that kind of money on a toy that a kid’s going to play with for a day or two, and then forget all about when the newest whiz bang bestseller comes along? I love those two little girls, but I guess I’m just too darned cheap! I’ll keep looking.
Thought For The Day – Laziness is the art of resting before you get tired.