No. It's a lifestyle. It lets you stay places where there aren't motels. But, it doesn't save money.
Very true.
It probably wont save anyone "lots of money". The initial investment is much larger....and unless you stick with it for a long time, its probably going to be more expensive. But I think in the some cases, it can be less expensive. A lot depends on what you buy and how you use it.
EXAMPLE
We retired - bought our truck and 34' fifth wheel in late 2012. We live in NH, but have spent 4 winters in Florida, 3 summers in Virginia, taken 2 trips out west and one 2 month trip "east of the Mississippi". Our current "nightly" cost is at $134/night.
Total expenses I included:
- cost of truck
- cost of fifth wheel
- all camping fees
- all supplies purchased for RV (outside mats, sun shade, generators, etc, etc)
- all maintenance done on RV (new tires, repairs for self-inflicted damages, annual roof inspections, winterizing, etc, etc)
- upgrades (second air, upgraded battery bank, satellite dish)
- propane, electric, cable (when we have to purchase)
- storage fees (when not being used)
DIVIDED BY
Total nights - which includes the 90 free nights every summer we spend in it in VA (where we "work camp" so we can visit grandchild).
Notes
- My calculation includes the free nights, which is not something a lot of people would do. So, if we PAID for those nights, our nightly cost would be more.
- Yet, I didn't subtract out the current value of the truck and fifth wheel, which would bring down the nightly cost more. (Quick estimate is it would reduce current nightly cost to about $92/night)
- I didnt include gas costs in my calculations. I figure we would have to drive or fly and rent a car for all of those locations which would likely cost as much or more....
Anyway, I expect our "nightly cost" to continue to go down for us over the next few years.
Additionally - what the RV gives us is:
1) we make our own meals
2) we sleep in our own bed
3) I don't worry if the dog can come and stay with us
It really depends on the family and the usage. The more usage, the cheaper it will be. But if it sits home a lot, it will likely never save you money.