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| Above, after getting my new RV home from the dealership. Photo by Armand Vaquer. |
Before buying my 2015 Winnebago Minnie Winnie new seven years ago, it was not for investment purposes, but for use. I was aware that the value drops like a rock as soon as I drove it off the lot.
Many people don't understand about the rates of depreciation of RVs, so it is a good thing that Do It Yourself RV posted an article explaining RV depreciation. It is interesting that different types depreciate at different rates.
They begin with:
Everyone knows that new RVs start depreciating the moment they are driven off the lot. While buying an RV can be a fantastic investment for life experiences, an RV is never a sound financial investment due to the fact that all RVs depreciate rapidly.
What may surprise you is that different RVs depreciate at different rates, depending on the type of RV. Besides the type of RV, there are other factors that affect the rate of depreciation on any RV, some of which you can control.
To read the full article, go here.
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