Last Updated on August 14, 2022 by Jessica Lauren Vine
Before buying an RV, you might wonder, “How much value does an RV lose each year?” You want to make sure you aren’t sinking your money into something that is going to become worthless.
According to J.D. Power, you lose about 20% of your RV’s value just by driving it off the lot. They went on to point out that different RVs depreciate at different rates with Class A RVs depreciating at around 30% in three years.
The thing that you have to think about is that an RV isn’t meant to be an investment that will make you money. However, that could be the case if you rent out your RV when you weren’t using it. A lot of people like to make money renting out their RVs to offset the expenses of owning them and you could even make a nice profit.
When you’re trying to figure out how much value your RV will lose each year, it really depends on how you take care of it as well. If you leave it outside without a cover in the weather, it will depreciate much faster than an RV that is kept covered and out of the elements.
The better care you take of your RV, the less deprecation you’ll experience. If you’re thinking about whether or not you should put your RV under covered storage—yes, you should.
Before heading off, check out some of these other RV-related posts.