Buying an RV: What you should know before taking the leap

Purchasing a recreational vehicle (RV) often represents freedom, adventure, and unforgettable moments—whether you’re travelling as a couple, with your family, or on your own. However, before making the move, it’s important to prepare properly to ensure you make the right choice and avoid unpleasant surprises.

Have you ever driven an RV?

If you’re new to camping and RVing, ask yourself a few key questions: Have you ever driven an RV or towed a trailer? Do you know what it’s like to drive, park, or sleep in one?

If the answer is no, gaining hands on experience before buying is strongly recommended.

Renting an RV is an excellent way to try different models and determine which one best suits your lifestyle. Some dealerships offer short term rentals, as do peer to peer rental platforms. In most cases, renters must be at least 21 years old.

Don’t hesitate to ask questions—driving an RV is very different from driving a car.

Understanding the true cost of ownership

Beyond the purchase price, owning an RV involves several ongoing costs that should be factored into your budget, including:

• Vehicle depreciation
• Financing and interest costs
• Maintenance and repairs
• Insurance premiums
• Fuel expenses
• Campground fees
• Winter storage or parking

As with cars, new RVs depreciate quickly, especially during the first five years. Motorhomes generally lose value faster than travel trailers, largely due to engine wear.

Insurance, fuel, and camping costs

Before purchasing an RV, it’s strongly recommended to check the cost of RV insurance so you can plan your annual expenses accordingly.

Fuel costs can also be significant depending on how far and how often you travel.

Campground fees should not be overlooked either—in Québec, they average around $50 per night.

During the winter months, many owners must also budget for storage costs, as it’s rare to be able to park an RV at home year round.

Financing your RV

If you don’t plan to buy your RV outright, you’ll need to consider financing options. These typically include financing through an RV dealership or arranging a loan through a financial institution, especially when purchasing from a private seller.

In all cases, setting a clear budget before committing is key.

Looking to purchase RV insurance?

Contact a broker at Orbit Insurance Services.