For affluent travelers who value comfort, privacy and flexibility, luxury travel has traditionally looked like owning vacation homes — and perhaps chartering private jets to reach them. But they’re increasingly paying for access to luxury experiences without taking on the full financial load of owning the asset behind those experiences, according to Yahoo Finance.
At the same time, their idea of a vacation home is broadening to ones on wheels.
While fractional motorhome ownership is still a relatively niche model, it is gaining traction as travelers are increasingly hitting the open roads — and looking for ways to get more out of an otherwise expensive asset without paying for 100% of it.
The model allows several people to co-own a motorhome, with each owner purchasing a real equity stake and sharing expenses such as maintenance and insurance — making both the purchase price and ongoing expenses easier on the wallet.
For example, Reve RV, which offers such a scheme, reports that co-owners of its luxury Class-B motorhomes save about 48%, or about $158,400, when compared to sole ownership over a five-year term. And they still get to use the RVs up to 180 days a year.
Unlike a timeshare — which sells you the right to use the asset for a fixed amount of time, but not the actual equity in the asset — companies like Reve RV give co-owners a portion of an LLC that owns the RV.
