Michelle.S
Western NY till fall, then Sebring, FL
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Live for the day, you never know what tomorrow will bring.
2018 Chevy 3500HD High Country Crew Cab DRW, D/A, 2016 Redwood 39MB, Dual AC, Fireplace, Sleep #Bed, Auto Sat Dish, Stack Washer/Dryer, Auto Level Sys, Disk Brakes, Onan Gen, 17.5" "H" tires, MORryde Pin & IS, Comfort Ride, Dual Awnings, Full Body Paint
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bucky
Raleigh metro
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A lot of this lends cred to the back of so many RVs.
"We're spending our children's inheritance"
We are not going to blow it all but at the same time we are going to enjoy our lives.
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4x4ord
Alberta
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Joined: 12/23/2010
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Our old 5th wheel doesn’t really get used much and we are quite satisfied with it so spending more to get something better doesn’t have much of an appeal but I think if I were to retire and planned on spending much more time camping there’s two ways I could see myself putting a limit on what we would spend on a new unit.
1. I think I’d have a hard time having more than about 5% of my net worth tied up in something like a trailer.
2. I could see coming up with a formula like: days per year spent in the trailer x $60 per day x 10 = price of fiver. So if I was planning on using it 100 days per year I might be willing to spend 60k and if I wanted to full time with it I might be willing to spend $220k.
2023 F350 SRW Platinum short box 4x4.
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winnietrey
seattle
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You and your wife are in the go go go years, So I think you should go see and do. Older you get harder it gets.
If I were in your shoes the question, I would be asking myself, is how much better will buying the higher end rig make my camping life and by extension make my life better. Would I go more, and for longer? Would it be much easier to use? Those are reasons to go for it.
On the other hand, if it would not really improve our camping and life much, I felt like it would preclude us from doing other stuff like flying somewhere, or not doing other things we enjoy. And or having to save hard for two or three years doing only camping. then it would not be worth it to me.
Those are the sort of guidelines I would use to make a choice
* This post was
edited 09/23/23 01:11pm by winnietrey *
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BB_TX
McKinney, Texas
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Joined: 04/04/2005
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Michelle.S wrote:Live for the day, you never know what tomorrow will bring.
Ahhh, and there is the issue. You might have many years of carefree life left. Or you may suddenly find you have major life events occur that suddenly turn your financial situation upside down and you struggle to make ends meet.
Having cash doesn’t necessarily mean you can go buy what you want when you want, unless you have plenty of it. Accidents and unexpected major illnesses do occur, often times severely affecting a person’s financial stability. I hope to never be a financial burden on my children. If only we could plan life so our last dollar was spent on a bottle of good brew to toast our passing. ![[emoticon]](http://www.coastresorts.com/sharedcontent/cfb/images/biggrin.gif "biggrin")
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Samsonsworld
West Texas
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Joined: 06/18/2015
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I value shop for my trucks and my RVs. What am I spending and how much do I expect to lose when I sell. You will lose more $$$ over time with an $80k RV. You'll have to decide if the additional amenities are worth the extra cost. They may be. Personally, I want my RV and my cake, too. But I work and I can only camp 4-5 weeks out of a year. It's just not worth a hefty investment for me. I may think differently upon retirement when I have more time to spend in it. My $.02.
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nickthehunter
Midwest
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Michelle.S wrote:Live for the day, you never know what tomorrow will bring. so, spend all your money so you’re flat broke by the time you’re 80? Then what?
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wowens79
Georgia
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Joined: 01/05/2015
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BB_TX wrote:Michelle.S wrote:Live for the day, you never know what tomorrow will bring.
Ahhh, and there is the issue. You might have many years of carefree life left. Or you may suddenly find you have major life events occur that suddenly turn your financial situation upside down and you struggle to make ends meet.
Having cash doesn’t necessarily mean you can go buy what you want when you want, unless you have plenty of it. Accidents and unexpected major illnesses do occur, often times severely affecting a person’s financial stability. I hope to never be a financial burden on my children. If only we could plan life so our last dollar was spent on a bottle of good brew to toast our passing.
Agreed, we are pretty conservative financially, so this is kinda out of our comfort zone. We could buy what we want cash, and still have a years expenses in cash, and like someone suggested, it would be less than 5% of our net worth. But we are in our mid 50s and working for another 7-8 years, so would only be able to use it for probably 30 nights a year.
This made me look at the cost per night over 10 years, and it would probably be $200 a night when you calculate depreciation.
I think I just talked myself into a $40k travel trailer ![[emoticon]](http://www.coastresorts.com/sharedcontent/cfb/images/smile.gif "smile")
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Durb
NW
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Joined: 01/15/2016
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I also calculate my cost per night regarding my RV purchases. Prior to buying the fifth wheel, I had 3 tent trailers and a Bigfoot travel trailer; my net cost per night of RV ownership over 30 years was less than a dollar. Right now, with the fifth wheel, my cost per night is around $100. If I were to sell the fiver right now, my cost would approach zero. Of course, this doesn't include maintenance, fuel, and the price of campgrounds.
My strategy is to buy quality gear used, maintain the heck of of it, and sell for a premium. The depreciation alone of driving a new rig off the lot would far exceed my total net RV outlays.
* This post was
edited 10/01/23 09:04am by an administrator/moderator *
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laknox
Arizona
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wowens79 wrote:
Agreed, we are pretty conservative financially, so this is kinda out of our comfort zone. We could buy what we want cash, and still have a years expenses in cash, and like someone suggested, it would be less than 5% of our net worth. But we are in our mid 50s and working for another 7-8 years, so would only be able to use it for probably 30 nights a year.
This made me look at the cost per night over 10 years, and it would probably be $200 a night when you calculate depreciation.
I think I just talked myself into a $40k travel trailer
Why not a $40k fifth wheel? :-)
Lyle
* This post was
edited 10/01/23 09:04am by an administrator/moderator *
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