Travel for Cheap
Travel for Cheap
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Recreational Vehicles – How they depreciate
It is important for most to understand that whether you decide to buy a car or a recreational vehicle, also known as the RV, there are factors which will start depreciating the value of the car or vehicle in question from day one. The most natural and obvious being the natural wear and tear. However, depreciation doesn’t just stop there. In order to understand what is RV depreciation, you should consider a few things first.
A car, SUV or even a truck can only offer you so much. When you are looking for some extreme luxuries and a place to sleep in as well, you would naturally opt for a recreational vehicle. These are extremely large and normally available within the price bracket of $35,000 to $60,000 a piece Click Here to read the full article. There are some which might cost 10 times that too. Those are normally seen as properties of Hollywood studios, used for A grade filmstars and their services on sets. With all that weight, luxury and the already ongoing natural depreciation, the RV depreciation comes at a quicker rate.
You might wonder why but let us put in in layman’s terms. The more the weight you add to a vehicle, the more power is needed in order to make it move. The more power you provide it, the faster it wears off. We aren’t just limiting this wear and tear to the engine, in fact almost everything, from the bed to the luxurious interiors, everything will start showing the signs of depreciation quicker than you would expect.
Here’s a number to crunch on. The minute you drive your brand new RV out of the lot, the RV depreciation immediately jumps to around 30%. That means, if you have paid a $100,000, you have already lost $30,000 just by driving it out. That is how quick these massive monsters depreciate.