This article is about deciding whether you should rent or buy an RV instead.
Of course, lots of people these days are renting RVs. Maybe from an RV rental company like Cruise America.
Or maybe from private owners through a network like Outdoorsy or RVshare.
So let’s look at the pros and the cons of either renting or owning an RV.
And that way you can make a decision on what you feel makes the most sense for your particular situation.
Table of Contents
- Rent Or Buy An RV – The #1 Pro For Renting
- Rent Or Buy An RV – Storage
- What About Maintaining Or Repairing An RV?
- Rent Or Buy An RV – Cost Of Ownership
- Taking An RV On Different Kinds Of Camping Trips
- A Pro For Renting RVs You May Not Have Thought About
- The #1 Pro Of Owning An RV
- RV Ownership Gives You Freedom To Make Changes
- Rent Or Buy An RV – How Is The RV Set Up?
- What About Restrictions On The Use Of An RV?
- A Pro For Last Minute RV Campers
- A Popular Advantage To Owning An RV
- A Few Extra Points To Consider
- Rent Or Buy An RV – Who Should Choose Renting?
- What Kind Of RVer Should Own An RV Instead?
- Conclusion
Rent Or Buy An RV – The #1 Pro For Renting
So let’s start with the pros for renting an RV. And a great pro to renting is for newer RVers.
Because renting an RV helps you learn what you like before you actually go out there and spend a lot of money on an RV to buy it.
You can try out different kinds of RVs to see what fits you best. You know, different categories, sizes, floor plans, layouts, etc.
And you’ll learn as you go what seems to be the best kind of RV for your needs.
You’ll also learn about how RVs work. You’ll find out how to set them up and how to take them down when you leave the campsite.
Also, how to travel in them, and so on. And that is valuable knowledge to have!
Rent Or Buy An RV – Storage
Now the next pro for renting is there’s no storage of an RV when it’s not in use. And this is huge for a lot of people.
Yes, we’d all like to have our RV at home so it’s really close by. However, a lot of times HOA laws or zoning laws don’t allow that.
So you may have to use a storage facility instead. And that can be very expensive in some cases.
What About Maintaining Or Repairing An RV?
The next pro for renting an RV is there’s no maintenance costs or effort to keep that RV up.
Because the rental company actually does that for you. So you don’t have any of those costs that come out of your own pocket. And that’s really nice!
OK, the next pro is closely related to that. And that is there’s no repair costs you have to pay for with a rented RV either.
So if something goes wrong, well it’s up to the renter to take care of that. It’s no money out of your pocket.
That means that you don’t have any of those kinds of expenses of normal RV care to have to worry about. And that’s huge!
Rent Or Buy An RV – Cost Of Ownership
Another pro for renting is there’s no monthly payments for the RV. Also, there are no insurance costs either.
Of course, these are expenses that go out of your pocket every month when you own an RV. And many RV owners have those regular costs.
But if you’re renting instead, you avoid those expenses altogether.
Taking An RV On Different Kinds Of Camping Trips
Another pro for renting is that you can choose different kinds of RVs for different kinds of trips.
For instance, let’s suppose you just want to go to a local campground for a weekend.
Well, you could just get a travel trailer for that kind of camping trip.
But what if you want to go on a long trip instead? And you really want to see the countryside in comfort as you go?
In that case, maybe a Class A would be best to rent instead. So you can fit the RV to the camping trip and the kind of travel that you are planning.
A Pro For Renting RVs You May Not Have Thought About
Now the last pro I’ll cover here is an interesting one. It has to do with the fact that many people only have a certain amount of time to spend on their vacation each year.
And knowing that, you don’t want to be spending the vast majority of your time traveling somewhere that you want to go.
For instance, maybe to a national park that could be thousands of miles away. Or some other place that you want to see that is far away from you.
Well in that case, you could fly to that area first. And then rent an RV and spend the vast majority of your vacation time actually enjoying that area.
And when you are done, you turn in the rented RV and fly back home.
Many people do this and find that it maximizes their time while on vacation.
OK, now let’s talk about the pros of buying an RV instead of renting one.
The #1 Pro Of Owning An RV
And first of all, it allows you to get what you want in an RV. You can get the type of RV from the RV category that you want. One that fits you best.
So you can get the size and the floor plan that you want. And you will always have an RV that you enjoy when you travel.
Therefore, buying the right RV allows you to make sure you get what fits you best personally.
But when you rent instead, you will often wind up with an RV that is not made for your preferences.
RV Ownership Gives You Freedom To Make Changes
Another pro is that you can modify an RV you own. You can upgrade it in any way you want, because it belongs to you.
And RV owners love to do that, right? We love to make modifications to our RV and make it our own.
Well, that’s something you can do only if you own the RV. A rental company will not allow you to make those kind of changes.
Rent Or Buy An RV – How Is The RV Set Up?
Another pro is that the RV is always set up the way you want for the trips you take.
So it will have the bed that you want. And it will have the towels you want.
Also, the kitchen utensils and appliances that you prefer as well. All of that will be there for you when you own the RV.
But that’s not true in an RV that you’re just renting. Because it will most likely be a different RV each time you rent.
What About Restrictions On The Use Of An RV?
OK, another pro is there’s no restrictions on what you can do if you own your RV.
However, if you rent an RV, they very often are going to put some kind of restrictions on you.
For instance, on how far you can travel. Or certain restrictions about what you can and cannot do with the RV while you are using it.
Now if you own the RV, you set the rules about you can do. In fact, you can do whatever you want with your RV.
And not having any kind of restrictions on RV use is a huge pro for a lot of people.
A Pro For Last Minute RV Campers
Another pro is that it’s always convenient to go camping at the last minute if you want to.
In fact, you can just hop in your RV and take off and go whenever you feel like it.
But if you’re renting, it’s a little bit more of a process. Often it takes a little bit of effort to find the one you want.
And then you have to make the arrangements to get the RV when it’s available.
After that, you have to get everything you need in it and so on. But if you own the RV, the convenience factor is very important.
A Popular Advantage To Owning An RV
OK, the last pro that I will cover in this article with owning an RV is you actually can buy an RV and then make money on that RV.
How? By renting it out to others when you aren’t actually using it yourself.
Remember how this article mentioned the sharing networks like Outdoorsy and RVshare?
Well you actually can not only pay for your RV by renting it out on those networks. In many cases some are actually profiting from renting their RV.
Of course, the flip side of that is that when that RV comes back from a trip, you’ve got to clean it up. You have to get it ready for the next trip.
Also, you will be responsible for maintaining it in between rental trips as well.
But if you are willing to do that, you can actually use your RV as an income stream, in some cases.
A Few Extra Points To Consider
OK, those are the pros for both renting and for owning an RV. Now let me remind you of an important point to consider.
And that is the bigger the rig that you choose for RVing, the more money it’s going to cost you. Both as a renter and as an owner.
So keep that in mind. On the other hand, the smaller the RV, the less expensive it tends to be.
Rent Or Buy An RV – Who Should Choose Renting?
Now let’s discuss the subject of when is it best to rent instead of buying an RV?
Well here’s my thoughts on the subject. I think renting works great for newer RVers.
As I said earlier, you can learn as you go and try out all kinds of RVs and see how they fit for you.
And that’s valuable information and knowledge to have when you become an RV buyer. If you ever do.
Now another point is also good for RVers who only go camping every now and then.
You know, maybe you’re not a regular RVer. But you like to go a few times a year, for weekends or vacation.
Well maybe the economics actually work out in your favor to rent instead of buying an RV at that point.
What Kind Of RVer Should Own An RV Instead?
So now who should buy an RV instead of renting it? Well it’s best for those who like to camp a lot.
Those who like to get out there with their RV quite a bit. Maybe travel for several weeks or months at a time.
And in that case, it’s definitely going to be better to own the RV instead. Especially economically.
Because paying the rental costs for all of those days can get very expensive.
But owning an RV is also good for those who simply can afford the financial commitment that it’s going to take.
Not only to buy the RV, but to also repair and maintain it. To keep it in good shape.
So buying an RV is good for those that have the time and the money to be able to do that.
Conclusion
But here’s what I recommend. Do the math first. Sit down and run the figures both ways.
That way you can find out what works best for the amount of time that you usually spend RVing.
And you know what? In some cases, the answer may actually surprise you!
Have safe and happy RV travels!