And not just any RV. Flynn won’t own this motor home and neither will a traditional rental company. They’ll RV share through a site called Mighway.com, a peer-to-peer service that brokers rentals between RV owners and travelers, according to the Tyler Morning Telegraph.
“My wife and I love RVs,” says Flynn, who lives in Moraga, Calif., and works for a food-services company. “We’ve considered buying an RV. The problems with owning one include storage, depreciation, maintenance, and insurance. It’s a lot cheaper and more convenient to rent when we need one.”
Until now, if you wanted to hit the open road behind the wheel of an RV, buying was your best – and sometimes your only – option. But now there are new ways to get into an RV. The question is, does an RV share make sense for you?
RVs are not for the faint of wallet. The average motor home costs $127,514, according to the RV Industry Association (RVIA), a trade group. The actual cost of ownership is higher once you factor in fuel, insurance, maintenance and campground fees. Unless you’re recently retired and living in a motor home full-time, ownership might be a little pricey.
RVIA conducted multiple studies that found the cost of an RV vacation is comparable to that of a traditional getaway.
“Taking a vacation in a rental RV costs about the same as fly-drive-hotel vacations,” says RVIA spokesman Kevin Broom.
Sure, you can lower the cost. Grant Sinclair, a high school teacher who blogs about traveling in his RV on his site Wanderfilledlife.com has spent the past two summers in a modest 27-foot travel trailer. He estimates that he and his wife have saved about 30% compared with traditional accommodations, spending an average of $40 to $45 per night on their accommodations once they factor in fuel and fees.
The Sinclairs also save money on food.
“Since our camper comes with a fridge, we buy and cook our meals,” he says.
To read more on this story click here.