As the baby boomers retire, the recreational vehicle industry has seen an upsurge in sales. Nothing measures up to the independence and flexibility of enjoying the open road in a recreational vehicle (RV) for many people. There is certainly much to be said for taking your hotel with you wherever you go, and the savings on hotel costs can more than pay for the initial cost of an RV.
RV travelers realize the cost savings of this type of travel. There are no hotel rooms to book, and dining in your RV can save an enormous amount of money compared to eating in restaurants every day. Owning a fifth wheel or travel trailer, whereas you can unhook your RV from your truck, saves you from booking a rental car. For those in motor homes, many travelers will tow a vehicle behind them.
When considering the purchase of a recreational vehicle, you will be faced with three choices; a fifth wheel which is pulled by a pick-up truck and attaches to a wheel inside the truck box (hence its name fifth wheel), a travel trailer which is usually pulled by a truck with a rear hitch, or motor home. All three types of RV’s have their pros and cons, and each point will need to be considered based upon your needs and budget. Another consideration for the RV lifestyle is the price of gas. However, it is still more economical than staying in hotels and eating at restaurants every night.
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Traveling in a recreational vehicle or motor home is often a good choice for those who want to travel to different locations; however, it may be less suited to those who visit the same location year after year. Travelers who visit the same location every year may find it more economical to buy a vacation home. Buying a vacation home, and renting it out when it is not being used, can be a good way to save money on lodging and build equity for the future.
Many RV travelers come to love the freedom of the open road and the easy-care lifestyle. Traveling cross-country and stopping at various parks along the way is a wonderful adventure. The traveler can choose to stay a day or as long as they want at a particular location.
It’s always a good idea to try different RVs by renting them before actually buying. This will allow you to see some of the pros and cons of each type of RV before making your investment.
