Is Now the Right Time to Buy an RV?

The recent skyrocketing fuel prices and the fallingare going to give you that much credit does not
value of homes have impacted both RV owners andmean that you have to use that much credit. You
the RV Industry. In the past 6 months 2 major RVmight believe you can afford the monthly payments.
manufacturers have shut their doors permanently.But, you need to ask yourself if you can comfortably
Quite a few people who recently bought new RVs atafford the monthly RV Loan payments and still have
the highest monthly payments that they could qualifymoney left over to pay for the other costs of
for are now regretting their decision to get the RVowning an RV such as fuel, maintenance, storage and
of their dreams. In other words they over boughtof course camping. In other words don't overbuy.
their RV and they are now paying the price for it.Now, let's address the concerns of the cost of going
Is this all doom and gloom for RVers and potentialcamping in your new RV. The biggest cost,
RVers? The answer is a resounding NO! If you weredepending on the type of RV you have will be fuel.
ever thinking about buying an RV or upgrading to aThis would be a major concern if you are planning a
different class of RV, now is the time to do it.3,500-mile cross-country trip. Now, even for the most
Because this is where the basic concept of Supplyavid RVer is not the time to spend the summer
and Demand (also known as price and demand) youseeing the whole US (unless you have deep pockets).
learned in your Economics class in high school kicks in.Getting away from it all and camping does not
To put it in RV terms, when fuel is high, the demandrequire traveling 100s or 1000s of miles. Look around
for RVs goes down.within a 50-, 60- or 70-mile radius of where you live
With less demand, the RV dealers are going to doand you will be surprised at all of the places there are
everything they can to get rid of those new RVs (into camp. Remember, the whole point of RVing and
other words they will accept less money for them).camping is to relax and enjoy your surroundings. I
The high fuel prices have also caused panic amongstguarantee you there is no mileage limit on relaxation.
some current RV owners. These owners have hastilyWhether you are 25 miles from home or 2,500 miles
made the decision to sell their RVs because theyfrom home, you can and should relax: after all, that is
believe that they will no longer be able to afford towhat the RVing Lifestyle is all about.
use them.Our family has been RVing for 35 years, and we
This has created a buyer's market for RVs. Whetherhave been all over the US and Canada and have
you are planning to buy a new or used RV, you willenjoyed every minute of it. Have we changed our
be able to get a lot more for your money. Of courseRVing habits as a result of the economic crunch?
you are going to have to still negotiate the best priceYES, we are not planning to travel 1000s of miles
you can for what you want, but now more thanright now. Have we given up RVing? NO, we just go
ever you are in the driver's seat during thesecamping closer to home at places we have not been
negotiations. Depending on what type of RV you areto before. This change in our habits has not
going to buy, the money you save on the purchasediminished our zeal for nor enjoyment of RVing.
price could pay for your fuel for quite awhile.You won't regret your decision about buying an RV.
In some cases you may have to finance your RVJust plan ahead and don't put a financial strain on
purchase. When financing, remember the financeyourself as this will diminish your enjoyment. More
company will give you a loan for as much as youinformation on this subject is available on the internet.
want (based on your credit). But, just because they