Don’t let these hidden costs of owning an RV surprise you

We shine a spotlight on some of the unexpected costs of owning an RV so you won’t get caught out unawares.

So, you’re thinking of becoming an RV owner? Congratulations on almost joining the ranks of the road-trippers. Purchasing your first RV is an epic feeling and while the last thing I want to do is rain on your happy parade, it wouldn’t be fair to let you drive into the sunset without shedding some light on the not-so-glamorous side of things: the unexpected costs of owning an RV. Trust us, you don’t want these hidden expenses to spoil the sweet scent of adventure.

Let’s dive in.

Maintenance and repairs

Ah, the open road and the freedom it brings. But remember, your RV is a mechanical beast that requires regular care and attention. Routine maintenance, such as oil changes, tyre rotations, and engine check-ups, can quickly add up. In general, maintenance check-ups are recommended every six months or 10,000 km, and costs will depend on the age and type of your vehicle. This is perhaps, one of the most underestimated costs of owning an RV.

And let’s not forget those unforeseen repairs that seem to happen at the most inconvenient times and places, like the middle of the outback. Owning an older, fixer-upper RV can sound like the cheaper alternative when you’re shopping, but it’s worth thinking about the cost that lies ahead. It’s not just a lick of new paint you need to think about. The older your vehicle, the higher the repair risk. Regardless, it’s a good idea to set aside a dedicated budget for these servicing jobs.

Campgrounds

One of the joys of owning an RV is the freedom to park and camp almost anywhere. In some regions, locating a free campsite is easy. In other areas, your only option is to pay for a campground. According to Statista Research Development:

Since January 2016, the average daily rate of a powered campsite in Australia has increased from around 59 Australian dollars to 76 Australian dollars in January 2023. Daily rates are typically higher in Australia during the summer months and school holiday periods.

Statista Research Development

As you can see, these costs to owning an RV add up. Especially if you’re planning to visit popular destinations during peak seasons.

Storage

When you’re not on the road, your RV will need a place to call home. Whether you park it in your backyard, rent a storage space, or keep it at an RV park, storage costs can sneak up on you. If you opt for a storage facility, make sure it offers adequate security and protection. I recommend considering insurance, too. Cue my next point.

Insurance

Just like your car, your RV needs to be insured. This is a non -negotiable cost to owning an RV. The cost will depend on factors including the type of RV, its value, usage, your driving record and more.

Be sure to shop around and compare policies and how they align with your needs and budget. Finally, consider contents insurance. While you’ll be living a reasonably laidback lifestyle, if you’re keeping any valuables inside, it’s best to be on the safe side.

Fuel

RVs are not known for their fuel efficiency and while it’s not a hidden cost to owning one, the amount may surprise you. They’re like big, sturdy ships sailing through the highways, consuming a lot of fuel along the way. When it comes to filling up your RV, don’t be surprised when the number on the fuel metre looks a lot higher than what you’re used to.

The bigger the RV, the thirstier it tends to be. Keep in mind that towing a vehicle behind your RV will also affect your fuel consumption.

Upgrades and modifications

As an RV owner, you’ll likely want to customise your vehicle to fit your travel style. The caravanning industry has a lot to offer. If you’re anything like me, it’s easy to get carried away with the latest gadgets that pop up on your Instagram feed. Whether it’s upgrading the interior, installing solar panels, or adding storage compartments, these modifications can come with a price tag. Setting a budget and prioritising the essentials for your comfort and convenience is wise.

Remember, knowledge is power. Understanding these RV expenses will ensure that you’re financially prepared and able to fully enjoy the freedom and adventure that await you on the open road.