Getting on the road and exploring new places in an RV is an exciting adventure that many people dream of. However, when it comes to owning an RV, there are many factors to consider such as cost, maintenance, and storage. This is where the options of renting, co-owning, and buying come into play.
In this article, we'll explore the different RV owning options in detail and help you make an informed decision based on your needs.
Here are three questions to ask yourself when comparing your options.
People often buy an RV thinking they will use it all the time. The reality is most RVs are used only 20 days per year on average.
Matching the amount of your RV ownership with the amount you plan to use the RV is paramount when making a decision on whether renting, sole ownership or co-ownership is right for you.
Renting really only makes sense financially if you go RVing very infrequently. Anything more than a few days and you are overspending.
Now, if you plan to live in your RV as a full-timer the obvious choice is sole-ownership.
For everyone else, you are leaving money on the table if you don't match your RV usage with the level of ownership.
For the average RV owner, a 25% share offers more days than will be used in a year.
For those that use the RV a lot of especially value scheduling flexibility a 33% or 50% share may be best.
For experienced RVers it is no secret that there is more to RVing than hitting the campground and firing up the grill. There is a lot that goes into owning an RV - cleaning, maintenance, repairs, warranty claims, invoice processing - it all ads up and ends up being a considerable drain on time you'd rather spend doing something else, like owning an RV.
Fortunately, with renting and RV Co-ownership, these administrative tasks are not handled by the owners.
For RV Co-ownership managed by Reve, there is a single point of contact concierge who offloads these hassles from the coowners. Not only do you spend less for these regular RV ownership costs by splitting the costs among coowners, you don't have to spend time on them either.
Will you buy the RV outright or take a loan? Is your budget for a used model or new? These are all things you need to price out when figuring out how much RV is right for you and your budget.
To add some more complexity to the mix, now that reve enables seemless RV co-ownership there are new things to consider. For instance, did you know that for the price of a typical downpayment you can get into the same RV without taking on debt?
That's not all. Perhaps you thought your budget was for a smaller or older RV originally, but when you factor in the cost savings of Coownership you can very likely upgrade to a newer model or bigger and better RV.
Everything is a trade off. For some, like RV full-timers, the cons of RV co-ownership far eclipse the pros. But for most everyone else, RV Co-ownership should be given a serious consideration as it unlocks an RV experience that is simply not possible otherwise.
Reve co-ownership won't be for everyone for sure, but when you begin to stack the benefits like being able to afford a bigger, better RV and having a personalized concierge who takes care of all the frustrating and time consuming facets of RV ownership, we think you'll agree it is worth exploring as a viable option of RV ownership.
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