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theoldwizard1

SE MI

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Posted: 10/02/18 08:36pm Link  |  Quote  |  Print  |  Notify Moderator

One thing about any motorhome, once you are "setup" at a campsite, you can not quickly/easily decide to run into town for a gallon of milk or go to dinner.

I would rather have a trailer !

kknowlton

southeast Idaho, formerly IL/WI border

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Posted: 10/02/18 09:00pm Link  |  Quote  |  Print  |  Notify Moderator

Quote:

One thing about any motorhome, once you are "setup" at a campsite, you can not quickly/easily decide to run into town for a gallon of milk or go to dinner.

I would rather have a trailer !


That's why we went to trailers after having a (small) MH. The OP is looking at a bigger MH which could, potentially, pull a car, and I'd recommend that, Okichewy, if you end up following your plan.

I second all the caveats others have mentioned about depreciation and taking out longterm loans on RVs. Definitely beware.

DrewE

Vermont

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Posted: 10/02/18 09:57pm Link  |  Quote  |  Print  |  Notify Moderator

theoldwizard1 wrote:

One thing about any motorhome, once you are "setup" at a campsite, you can not quickly/easily decide to run into town for a gallon of milk or go to dinner.

I would rather have a trailer !


To some extent, that does depend on how much you set up at the campsite. Often for me it's just a matter of disconnecting the power cord (if it's an electric site), putting the entrance step in, and driving off the ramps. Well, that and clearing any clutter off the countertops. It's a matter of a few minutes generally.

Granted, even if leaving isn't too hard, a motorhome is far from the most convenient vehicle to run around town. A good part of the solution is to do one's grocery shopping en route between campgrounds (and eating out and so forth), which is not much of a burden if you tend to move around fairly frequently but a lot less practical if you prefer to spend a week or two at a given location.





Okichewy1

Kimberly, Id

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Posted: 10/03/18 05:55am Link  |  Quote  |  Print  |  Notify Moderator

Jayco-noslide wrote:

Have you considered going used to bring the price way down and attempting to pay cash. Any new RV really depreciates and isn't any better than one of good quality and well cared for 3 to 5 years old. We bought a 30 ft. Class C which was 10 years old at the time and it had depreciated from around $75000 to $23000(what we paid) in that 10 years and we still have it. We are debt free and will only buy a car or RV cash. Probably going way too far in advice giving but I wish you the best and you will enjoy whatever you get.


Yes, we have talked about used also. I have just been looking at new cause it's easier to get the floor plans to look at online. Once I find some floor plans we like am going to do some searching for used ones of those models. I just used the 20 year loan as an example since we can afford up to a 20 year loan and about 144,000.00. Don't necessarily want to go that high, my thought was even if we purchase new at about 80k, with 1200.00 monthly for max payment we could pay off within 10 years or so. Goal was to not have an RV payment by the time I hit age 60 for retirement which would be about 12 years. We are in the researching phase now, don't plan to purchase anything for 3 more years. Have so much information so far, planning on writing up a spread sheet so I can take it all in. Biggest goal is to not have an RV payment when I go into retirement.

2gypsies

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Posted: 10/03/18 12:01pm Link  |  Quote  |  Print  |  Notify Moderator

theoldwizard1 wrote:

One thing about any motorhome, once you are "setup" at a campsite, you can not quickly/easily decide to run into town for a gallon of milk or go to dinner.

I would rather have a trailer !


Unless you have a very short motorhome the majority of motorhome owners tow a car. That's what you use to run to the store and to do siteseeing… lot better fuel mileage for doing those things than a RV.


Full-Timed for 16 Years
.... Back in S&B Again
Traveled 8 yr in a 40' 2004 Newmar Dutch Star Motorhome
& 8 yr in a 33' Travel Supreme 5th Wheel


Grit dog

Black Diamond, WA

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Posted: 10/03/18 02:39pm Link  |  Quote  |  Print  |  Notify Moderator

All kinds of life coaching going on here....
Regarding buying a RV 2-3 years from now and storing/maintaining it for basically another 10 years before it's fully "in use", I would analyze that scenario more closely than floor plans and financing arrangements.
- Storage. Unless indoors, in 10 years the sun is going to take it's toll on that "brand new" RV.
- The depreciating assets comments are true. Do you want to eat the depreciation and most of the interest payments while not really using it and start off with a 10 year old rig that you just spent roughly $190k on for a $120k purchase (I used 20 year loan, 5.5%, $120k loan amount, paid off in 12 years)?
To that point, don't buy anything in 2021, invest/save your $1000-1200/mo for 10 years. Have the better part of $200k in cash to buy a 10 year old low mile (stored like you plan on doing) for like $50k. Spend another however much on a trailer or little rv for your infrequent vacations over the next 14 years.
Then when you retire you can have the same RV you're plannin on buying in 2021, pay cash and have an extra $100k in cash leftover.

If intent on a new RV, I'd wait until it's time to use it full time, go big spender on it and if you don't get it paid off, you'll still have $100k of play money and can let the kids, bank and executor deal with it when you croak.


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livemusic

Louisiana

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Posted: 10/07/18 01:26pm Link  |  Quote  |  Print  |  Notify Moderator

Okichewy1 wrote:

Yeah, when I bought my brand new 2012 Jayco TT, we paid 13,500 out the door at a dealer, 2 years later sold it for 12,000 to a couple. Thought it was a good investment for the 2 years.


I have never heard of anyone buying anything new, using it for 2 yrs, then selling it for 89% of what you paid for it. I can't believe you asked that price and can't believe they paid it! No offense, I've just never heard of anything like that. Obviously, it can happen. I bought a 2008 Nissan Titan truck for an absolute steal due to the horrific recession and they couldn't get rid of trucks, but I didn't sell it, still have it. Cheers!

Okichewy1

Kimberly, Id

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Posted: 10/07/18 03:20pm Link  |  Quote  |  Print  |  Notify Moderator

livemusic wrote:

Okichewy1 wrote:

Yeah, when I bought my brand new 2012 Jayco TT, we paid 13,500 out the door at a dealer, 2 years later sold it for 12,000 to a couple. Thought it was a good investment for the 2 years.


I have never heard of anyone buying anything new, using it for 2 yrs, then selling it for 89% of what you paid for it. I can't believe you asked that price and can't believe they paid it! No offense, I've just never heard of anything like that. Obviously, it can happen. I bought a 2008 Nissan Titan truck for an absolute steal due to the horrific recession and they couldn't get rid of trucks, but I didn't sell it, still have it. Cheers!


Yeah, when we bought it, we drove 6 hours to Montana to purchase it. It was the last one of that model and was mid August. The dealer took off another $1,000 since we drove to get it. When I sold it, I figured I would ask high and see what I get brought down too. They only asked me to reduce my price by $500.00.

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