Buying an RV or Trailer is a big purchase that should not be taken lightly. There is much to consider when beginning the process. While it may seem very similar to buying a car or motorcycle, an RV or trailer has several unique factors that you must keep in mind prior to purchasing. Having your ducks in a row before signing the dotted line will save many headaches later on:

1. Not sticking to budget

Like for any other major purchase, you have to know what your budget is. It is incredibly easy to show up to a dealership, fall in love with an RV or trailer, and then spend way too much money. An RV or trailer is supposed to make your life fun and more adventurous, not immediately cause buyer’s remorse and financial strain. Know what you want to spend before you go, and know your absolute top dollar you are willing to spend.

2. Not considering interest rates or taxes

The number on the price tag is not the only thing to keep in mind when purchasing an RV or trailer. As an RV owner, there are many costs involved, but some that are easily overlooked are interest rates and taxes. Pay attention to your financing offer to see how much interest you are actually paying, both over time and if you are to pay it off early. Also be sure to ask about the taxes that you are responsible for. Being intentional to understand the financial aspect of purchasing an RV or trailer will pay off in the long run.

3. Going too small

When purchasing an RV or trailer, truly consider what you are using it for. How many people are you going to need to house in it on vacations? Do you have pets that you are going to bring with you? Do you like to cook on the road or do you enjoy grabbing takeout for every meal? These are all critical questions that require honesty before investing in an RV. Getting too small of a unit will be frustrating when an extra friend wants to come along, or when you want to cook a meal and you don’t have enough counter space. Being completely honest about what you want and need will ensure you are happy with your purchase.

4. Forgetting tow weight

If this is your first RV or trailer purchase, it is bound to be overwhelming. There is a ton of jargon to learn in the world of RV’ing, but one that is arguably the most important is “tow weight.” You have to know how much the vehicle you are using to tow is capable of carrying, what the RV is capable of holding, and ensuring that all of those numbers work together in order to get you and all of your belongings on your next adventure.

5. Buying an RV in poor condition

Every big purchase needs a careful eye making sure that it is exactly what you need. Be sure to consider if a new or used RV or trailer is what best suits you. Understand what warranties are included if any, or if they are available for purchase. Be sure to understand the differences in price between new and used, because sometimes there are rebates on new ones that can make them more affordable.