HaHa said:Would you continue RVing if gas/diesel got to $5/gal? Could you keep it up? Could the lifestyle be modified to keep a lot of what is good, but adjust for greater operating costs?
Do most people pay cash, or are RVs mostly financed?
My MH gets about 7.5 MPG. I generally figure the cost of gas at $3.00/gallon, just because I'd rather error on the high side. So for every 1000 miles I spend about $400 (1000/7.5*3) in gas. At $5.00/gallon the same trip would cost $667.
Considering I pay about $800/month between payments, insurance, and maintaince. The extra cost of gas is just another 'expense' of ownership. Also, keep in mind, if gas doubled at the pump, so did the cost of airfare. So it's basically a wash.
I guess I just answered your second question also...we financed our 'home on wheels' We actually had the money to pay cash, but choose to finance it because we got a great loan (4.9%) and decided the cash could be put to better use (two investment properties). As somebody else suggested, the interest is tax deductable as a second home.