Purchasing an RV is an exciting time for all new and seasoned RVers. There are 5 questions that all RVers should ask themselves when they start the process of purchasing an RV – either new or pre-owned.
When it comes to freedom and flexibility motorhomes offer the ultimate experience. Ranging from the larger Class A motorhome to the compact Class B camper vans, to the Class C, all motorhomes are RVs that take transportation and living quarters and roll them into one comfortable experience. With something for everyone, motorhomes range from compact and space saving models to luxury buses that can all pull a family car in tow, so you can zip around town for daytrips. Read our in-depth blog post on how to choose the perfect RV for you here.
What are my options for financing an RV?
Financing is a great option for those planning on purchasing an RV. Financing allows the RV lifestyle to be more affordable by breaking up the cost into manageable monthly or bi-weekly payments. It is a great time to finance an RV as interest rates are low. You can work with your local lender to secure financing, or you can work with the experienced team at Lichtsinn RV. Kevin and Brandon in the Lichtsinn RV Business Office are authorized agents for several large national banks like Bank of America, US Bank, Bank of the West and more. Our relationships with these banks provide you with a competitive rate often lower than your local lender.
Financing at Lichtsinn RV allows you to –
- We offer financing and are authorized agents for several large major RV banks including Bank of America, US Bank, Bank of the West and several other major lenders.
- We generally provide a credit application to these banks and allow them to compete for the lowest rate.
- All of our loans carry no fees at closing, no closing costs and no points.
- In most cases, the interest can be deducted for tax purposes by qualifying as a second home.
- We can generally do terms of up to 20 years! Pre-payments can be made in full or in part, at any time, without penalty with nearly all of our lenders. All of our loans are conventional fixed rate loans.
- We offer both monthly and bi-weekly payment options.
Learn more about financing with Lichtsinn RV here.
What kind of additional expenses should I plan for when buying an RV?
RV Insurance: After you purchase your RV there will be some additional costs you want to plan for, the first being RV insurance. While it may be enticing to look for the cheapest RV insurance you can find, you will want to make sure it properly covers your RV. When looking at RV insurance, you will want to make sure it is RV-specific insurance and offers RV Full/Total Loss Replacement – offered on newly purchased RV’s one model year old or newer: if your RV is totaled within the first 5 years, this policy provides the monetary equivalent of what it costs to buy a brand-new RV of the same or similar model, even if it costs more than what you originally paid for your RV. You may look for additional offerings like vacation liability, pet injury coverage, fire department service charges or personal effects coverage for contents inside the RV. Most “other” insurance policies do not offer these additional benefits. Kevin and Brandon in the Lichtsinn RV business office are licensed insurance agents and can answer any questions you have regarding RV insurance. Learn more here.
Parts and Accessories: There will be additional parts and accessories you will want to purchase for your new RV like tow bars, hoses, waste dumping chemicals, and more. The Lichtsinn RV parts team has identified the top parts and accessories you will want to purchase for your first night of RVing and it is available during our half-day orientation.
Camping Fees: There will be additional costs when traveling in your RV like campground costs. There are several loyalty programs that include camping discounts including Winnebago’s WIT (Winnebago International Travelers) Club.
Extended Service Contracts: You will want to consider the long-term costs of maintaining an RV. Most new RV Warranties cover 1-3 years so if you are purchasing a pre-owned RV or planning on keeping the RV for more than 3 years you will want to consider an extended service contract. Learn more about extended service contracts and why you should get one here.
Do I get a pre-delivery inspection of the RV?
A reputable RV dealer will provide you with a walkaround inspection and review of your coach. At that time, you can see how to operate your RV. At Lichtsinn RV, one of our RVDA Master Certified RV Technicians will provide you with a half-day educational orientation of your coach. You will learn how every single switch, component and feature works in your RV as well as learn maintenance tips and get your questions answered by a knowledgeable source.
Will the dealer support and service my RV in the long run?
RVs require service and maintenance and it is imperative that buyers find a dealer that will support them for the life of their vehicle and not leave them high and dry when it comes to servicing it in the future. You may find a fly-by-night dealer with a low price tag on an RV, in an old building with one or two service bays and techs, and no way of servicing your RV in the future.
In 2014, Lichtsinn RV built a new, state-of-the-art RV dealership and has continued expanding in the last few years. Our dealership boasts 8 RV service bays, a large indoor RV parts and camping accessories store, a spacious service check-in area, a video production studio, indoor delivery and service drive area, and a guest lounge equipped with the latest technology. Lichtsinn RV also offers dealership guests complimentary electrical hookups while visiting for RV delivery or service.
Lichtsinn RV, America’s closest dealer to Winnebago Industries, has been named Top North American Winnebago Dealer by Winnebago Industries for the last four consecutive years. We proudly sell New RVs manufactured by Winnebago Industries as well as Used RVs.