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RV Budgeting

RV_BudgetingYou have decided that you would love to travel the country in a RV or take a few weekend trips with the convenience of a RV. So, how do you go about finding a good deal on a RV and what kind of budget are your going to need? Even individuals on a limited budget are able to enjoy the flexibility and the lifestyle that the RV offers.

The first step in deciding on a RV and a budget is to decide what you are going to use the RV for. Do you dream of traveling across the country and being gone for weeks at a time? If so you may consider looking into financing a new RV. If you only plan to have a couple of weekends here and there and maybe a two-week trip, then you may consider looking into a used RV. Go online, to the library and to RV dealers to see what is available to you. Start with the smaller RVs or used larger RVs and see if they will fit what you have in mind. If you only intend to use it for weekends or short trips, then you don't have to invest a lot of money into the RV.

After deciding what type of RV will fit your needs you will want to check with your insurance company. If you are purchasing a RV that is a trailer like a fifth-wheel or camper trailer, you will want to make sure that your towing vehicle's insurance will cover you. Also, you may want to see if you can put the RV on your homeowner's insurance for protection while on the road. Your insurance company should be able to help you find the best insurance that fits your needs.

Maintenance and repairs are often necessary on your RV. To save on the maintenance budget, you may want to learn how to do them yourself. Your RV manual will tell you when you will need to provide maintenance on your RV. There are many books and information available on the web on how to maintain and repair your RV. Oil changes and other repairs will add into your budget in the long run.

The rising cost of gas can also put a strain on the budget. You only use gas when you are on the road traveling. If you want to take a quick weekend vacation, look for campgrounds that nearby. This will save you travel time and gas money. You will also have more time to enjoy the vacation. Look for nearby lakes, rivers and state parks that will allow you to camp overnight. Also, look into campground memberships that will offer you camping discounts. There are a variety of memberships that have locations all across the country and many may be close to your home. Gas is also cheaper at truck stops than at your regular convenience stores. Truck stops will also have diesel while other gas stations may not.

If you have decided to buy a new RV for long road trips, you may look into different financing options. The major consideration in RV purchases is that RVs are considered luxury item. Considering that an RV is a luxury item you will need to have good credit to qualify for this purchase. Generally, you will need to have better credit to purchase and RV than you would a car. Most brand new RVs sell for at least $35,000. Banks, credit unions and independent finance companies will help you determine what you qualify for and what they will allow you to borrow to purchase a RV. You will also need to have your financing set-up prior to shopping for RVs. By doing so you will make the dealer have to beat your bank's interest rate on the loan. You will also want to research the true value of the RV before purchasing. Try not to get too excited during the shopping process so that you will remember to do all of the necessary research prior to purchasing your RV. If you are able to make a fairly large down payment, you may be able to keep your interest rate down.

There are also several amenities that will add to your expense as well. Slide-outs in RVs raise their price significantly, so if you can live with out one you will save money. Also, remember that you may need to make adjustments to your car so that you will be able to tow it with you. You may also need to purchase a car dolly or trailer and this will add to your overall cost.

Purchasing your first RV is an exciting experience and it is easy to get caught up in the moment. Remember to keep a level head and do all the necessary research. This will allow you to stretch your budget as far as you can go.-------------------------------------------------------------------------------------------------------If you are a business owner get listed at Best Finance Site, part of Localwin Network.
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