If you are planning to purchase a recreational vehicle (RV) or a camping trailer, there are many things you need to take into consideration. RVs and trailers come in an almost infinite variety of sizes and configurations. On top of that, there are a multitude of features to decide on. Before you make your purchase, here are the most important things to keep in mind:

1. Not considering interest rates or taxes

When an RV or camp trailer is financed, it will have an interest charge like a home or car loan. Sales tax and registration fees can be anywhere between a few hundred and a few thousand dollars, so ensure you take those added costs into account. Since RVs are considered luxury items, finance rates tend to be a few points higher than homes or cars. As of mid-2021, the average interest rate on a new RV is around 6%. This amount will vary based on the lender, your credit score, the amount being financed, and the length of the loan.

2. Going too small

When choosing an RV, remember that it needs to be large enough to fit your family, pets, and gear. Pay attention to the number of sleeping locations and the square footage to ensure you’ll have enough space. Imagine being stuck in your RV on a rainy day to evaluate if there is enough room.

3. Forgetting tow weight

Before purchasing an RV, make sure your vehicle is capable of towing it. Depending on the size of your RV, it could be within a wide weight range. Remember that these weights do not include gear. If you are looking to purchase a motorized RV, you may need to pull a car behind you. Remember that not every RV can pull the same weight. Class A and Super Class C units can tow in the range of 25,000 pounds. A standard Class C is only rated to pull between 3000 and 8000 pounds. Be sure to know the weight of the vehicle you plan to pull before you shop for your RV.

4. Buying an RV in the wrong condition

Condition is critical when buying an RV or camp trailer. Everyone assumes that new is best, and in the case of RVs this is often true. Experienced RVers will tell you there is a shakedown period that will reveal assembly errors and design flaws. If you choose to purchase a used RV, look for a late model unit that has light wear and low miles. The mechanics of most RVs are rugged and well built, so used RVs can still be a good option. However, don’t buy a wreck just because it’s cheap!

5. Not sticking with a budget

The price of a new camping trailer can range from $25,000 to $40,000. Class C and Class A RVs can range from $35,000 to over $250,000. When you’re shopping, set a price range and stick to it. Like with any major purchase, you must identify the limit of what you can pay a month and stick to that number. The wide variety of features available on an RV can be tempting, so it is important to remember that each additional gadget adds to the overall cost.