How to purchase the perfect RV for the summer
How to purchase the perfect RV for the summer
Summer is just around the corner, and it’s never too early to start shopping for the perfect RV to take you to all of your favorite vacation destinations. But purchasing the right RV for your needs is no easy task. Where should you start? Here are some tips and tricks on how to buy your perfect summer RV.
1. Ask yourself the important questions.
Why are you buying an RV? Where do you plan to travel with the RV? Do you prefer to tow a trailer or drive a motorhome? What features do you need versus what you want? Always narrow down what you need before what you want! One benefit to purchasing an RV is that it can be customized, so waiting on certain features down the road can save you money when you’re budgeting now.
2. What type of RV do you need?
Which type of RV, motorhome or towable, do you need? Are you looking for new or used? Towables need to be towed by a separate vehicle, such as a truck or SUV. If you don’t already own one of those, it will be an added expense. Small travel trailers and campers are the best way to ease into RVing, but those looking for comfort and room may want to invest in a larger model.
For new or used RVs, both have their benefits and drawbacks. When starting out, buying used is more cost-efficient. However, there could be issues later that are more trouble than they’re worth. With a new RV, you’re covered by the warranty, but it’ll be more expensive upfront.
3. How will you finance your new RV?
This might be the most important step! Once you know what kind of RV you need, you’ll have to figure out your budget and financing. When it comes to taking out a recreational loan, it’s important to know if you can afford the monthly payments.
Unity Catholic can help you purchase your dream RV with our Recreational Loan Special! From May 1, 2022, to June 30, 2022, enjoy rates as low as 2.24% APR* for 48 months. Even better, you won’t have to make payments for the first 90 days! With our easy online application and quick closing process, we can help you get on the road to your next destination in your brand-new RV.
*APR = Annual Percentage Rate on recreation vehicles not currently financed at Unity Catholic Federal Credit Union (UCFCU) estimated payment is $22.00 per $1,000.00 borrowed for 48 months at 2.24% APR. Offer and rate may vary depending on individual credit history. All loans subject to credit approval. Interest will begin to accrue during the deferral period. Deferring your payment will result in your having to pay higher total finance charges. All UCFCU programs,
rates, terms and conditions are subject to change at any time without notice. No prepayment penalties apply. Federally insured by NCUA. Additional insurance up to $250,000 through ESI a licensed insurance company.
4. Which expenses are you missing?
There’s more to purchasing an RV than simply the RV itself—there are costs for parking, fuel, maintenance and repairs, insurance, and food and entertainment for on and off the road. RVing is a long-term investment! Conduct research about the buying process to make the best financial decision for you. While it may be expensive now, RVing will save you up to 50% in the future on vacation expenses! Start your summer on the right track with an RV financed by Unity Catholic!