Poll: Do You Own Your RV Outright Or Make Payments?

Above, camping at Cottonwood Campground at Joshua Tree National Park. Photo by Armand Vaquer.

RV Travel has posted a new poll asking the question, Do you own your RV outright or make payments? 

I would hazard a guess that most people probably make payments, although 60% of responders said they own it outright. Personally, I own my Class C Winnebago outright, having paid cash for it. 

The poll begins with:

For many RVers, buying a rig is one of the biggest purchases they’ll ever make—second only to buying a home. That’s why we’re curious: At this very moment, do you own your RV outright, or are you still making payments on it?

We all know that RV ownership comes with plenty of rewards—freedom, adventure, and the ability to bring your “home” just about anywhere. But it also comes with costs, and financing is a common part of the equation. Depending on the type of RV and the terms of the loan, monthly payments can stretch across 10, 15, or even 20 years. Some folks dive in with big down payments and aggressive payback schedules, while others are more comfortable spreading the cost out over time.

So today we want to know: Do most of you own your rigs outright, or is monthly financing the norm? If you’re someone still making payments, we’d love it if you’d share how much longer you expect to be making those payments. Your insight could help fellow RVers who are weighing their own financing options or just trying to understand what’s typical in the community.

To read or take part in the poll, go here.