With many expensive consumer products, there is always a debate about whether buying the item or renting the item is better. Most of the time the decision of buying or renting is based on how you use the product. When it comes to a recreational vehicle or RV, there are some conditions where it does make sense to actually purchase the RV versus renting it. There are advantages to owning the RV versus having to rent one.
The first advantage is that you will not be limited by rental time. Some people have lots of vacation time or are retired and don't need to be limited by certain times like in rental agreement. Buying the RV does give the freedom to take trips for as long as you would like without having to return to a certain location. For many this is one of the best aspects of owning an RV.
When you own an RV, you also don't have any mileage limitations. Many rentals allow you a certain number of miles to use the RV and will charge an extra fee for each mile that you go over this limit. To some this is too much of a limitation and owning the vehicle makes more sense.
If you are going to use your RV out of the country, owning it is almost required. Very few will rent you an RV that you can take out of the country. This is because of liability. For cross country tours, owning your RV is much better.
If it doesn't cost you very much to store your RV or it can be stored on your own properly, it does make sense to own it. Storage costs are one of the big arguments for renting instead of buying. If you can store it for free, this argument is no longer valid.
Owning an RV is much cheaper than renting if you spend more than six weeks in one each year. This justifies the storage fees, insurance, and maintenance costs versus just taking this money and renting.
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