On Fridays, I write about financial issues that affect Canadian Full-Time Rvers.
Having an RV is like owning a house: things break and wear down. Even the best RV comes to an age when things start to fail one after the other. It can become tempting to over-exaggerate these routine costs and use them to justify purchasing a new rig.
Even if over the course of a year the water heater needs a new circuit board, the furnace motor burns out, the converter stops working, and the fridge quits, the total cost of replacement parts will be much less than the cost of a new rig.
Structural issues, such as rotted out floors or walls, might also be more cost effective to repair, depending on the spread of the damage and whether there is any mould present.
When crunching the numbers, look at the cost of replacing the current rig with a comparable new one. Keep in mind that new RVs are not without trouble and that newness does not guarantee a rig won’t be a lemon. Then, calculate the cost of routine repairs, some upgrades, and a couple of emergencies over ten years. Chances are keeping the old, well broken-in, RV will be more cost-effective.Share on Facebook