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5 Reasons to Invest in an RV This Year

July 19, 2023 • Education

Out of the many ways someone can enjoy a road trip, camping, and other adventurous excursions, RVs are growing in popularity to the point where it's easy to wonder what all the fuss is about. Let's break down the top 5 reasons why an RV is becoming a popular investment for the travel community and discover if buying an RV is the right move for you. 

RVs Offer Flexibility and Mobility

One of the most annoying parts of traveling and vacation is the mode; canceled flights, delayed trains, and not enough space in the car. The first reason for investing in an RV is the flexibility it offers your travel plans. With an RV you can leave when you'd like, pack as you wish, stay as long as you'd please, and enjoy essentially total control over your traveling. Of course, let's not forget no more wrestling cheap flights and hotel stays. 

Long-term Savings, RV Style

Speaking of booking hotel rooms and flights, owning an RV means doing away with both those costly travel factors. The upfront cost of investing in an RV tends to push people away from thinking they ever could afford one and considering how much money they save by combining travel with accommodations. Also, RVs have their own on-the-go kitchen which further reduces the costs of vacation; all that dining out does add up quickly! In no time at all, the amount of money you save having an RV quickly outpaces the upfront investment. 

Travel Privacy

Traveling by plane or train comes with the cost of comfort, think about how much legroom you have and how awkward close interactions with strangers can be. Having an RV eliminates fighting for space with other travelers and allows the comfort of homes on the road, like the luxury of bathroom privacy. 

Taxes and RVs

Did you know an RV carries tax deductions and other benefits along with it? In many states, owning an RV means having:

  • deducting the sales tax paid on the RV for the year it was purchased.
  • you may be able to deduct the interest paid on an RV loan
  • if you work on the road or work remotely, you could claim a business tax deduction if working in/from the RV

Spontaneous Travel & Extended RV Trips

Planning a trip means no last-minute adventures without paying much more or a crowded car, but with an RV you're in full control of when, where, and what time your trip begins. Even parking your RV is easier than a last-minute flight or motel booking as there are RV parks all around the country. It's a great way to shake up your routine and escape the day-to-day grind on your own terms without being burdened by travel companies dictating how long your trip can be.

Finance Your RV 

The advantages of owning an RV are extensive, but these top 5 should help you think past the upfront costs and consider all the benefits. We at Canopy Credit Union believe in accessibility for RV life and help our neighbors secure RV financing that fits their financial journey. Check out our RV loan calculator and explore the lowest RV loan rates in Spokane by clicking below. Reinvent the adventure season and travel on your own time with an RV!
RV Life Awaits!

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