When you rent an R, there are many more expenses and financial factors that you’ll have to contend with beyond the cost of renting the RV itself.
Here are the five primary financial factors that you will need to take into consideration before you rent an RV:
1 – The Security Deposit and Reservation Fees
When you go to actually rent an RV, you’ll have to pay more than just the nightly renter’s fee. You’ll also have to pay a non-refundable reservation fee to reserve the specific RV you want.
In addition, you’ll also most likely have to pay a security deposit as well. Fortunately, the security deposit should be refundable so long as you return the RV in the same condition as when you rented it.
2 – Fuel
Obviously fuel is going to be an expense when you rent an RV and go on a trip. The only thing is the cost of fuel is a much bigger expense than many new RV renters anticipated.
It’s no secret that motorhomes aren’t the most fuel efficient vehicles on the road. You’ll be extremely lucky to get much better than ten to twelve miles per gallon. This is why you really need to set aside adequate money for the cost of fuel for your trip.
The best way to reduce the cost of fuel will simply be to research all of the fuel stations in an area you’re passing through and find out which one offers the cheapest price. Even a difference of just a couple of cents a gallon can really make a significant difference.
3 – Food
Food is another cost that many new RV travelers overlook because it’s a seemingly minor expense that can really start to add up, especially if you eat out a lot. One way, however, to reduce the cost of food will be to make your own meals as much as possible rather than eating out at restaurants often.
4 – Campground Fees
It’s extremely rare that you’ll be able to stay at an RV park or campground without paying a nightly fee. Usually, that fee will be anywhere from $15 up to $50 a night. The nicer campgrounds with better amenities (such as access to electrical and water hookups) will obviously cost more.
5 – Insurance
Last but not least, you’ll need RV renter’s insurance as well. RV insurance essential acts just like car insurance and should offer collision, limited liability, and comprehensive coverage.
Depending on where you rent the RV from, the renter may already have pre-selected RV renters insurance available for you to purchase as well.
Renting An RV
Budgeting yourself before any RV road trip is absolutely essential to make sure you can afford it, and the above five expenses are the main ones that you will incur besides the cost of renting the RV itself.