Viva Loans

Warning: Late repayment can cause you serious money problems. For help go to
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Warning: Late repayment can cause you serious money problems. For help go to

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Representative 669.35% APR
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Representative 669.35% APR
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Representative 669.35% APR

Warning: Late repayment can cause serious money problems, for help or advice please go to

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Rates from 49.9% APR to max 1333% APR. Minimum Loan Length is 2 months. Maximum Loan Length is 36 months. Representative Example: £250 borrowed for 30 days. Total amount repayable is £310.00. Interest charged is £60.00, annual interest rate of 292% (fixed). Representative 669.35% APR (variable). We are a credit broker not a Lender.

Rates from 49.9% APR to max 1333% APR. Minimum Loan Length is 2 months. Maximum Loan Length is 36 months. Representative Example: £250 borrowed for 30 days. Total amount repayable is £310.00. Interest charged is £60.00, annual interest rate of 292% (fixed). Representative 669.35% APR (variable).

RV Financing: Pros and Cons in Investing in an RV

Many people appreciate the freedom and pleasure in RVing as it’s an exciting means of travel. Furthermore, the ease of bringing the comforts of your home on the road is only one of the many reasons various individuals are investing in RVs. The image of an RV lifestyle is packed with the promise of the outdoors. It also gives you the freedom to travel wherever and whenever you want.

However, investing in an RV has its own set of pros and cons. Before you invest in an RV, you should make sure that it's the correct decision for you. Financing and owning an RV is a big decision that needs a lot of contemplation. Thus, you must know both the upsides and downsides of investing in an RV.


An RV is a great vehicle option if you're out on holiday or just like traveling by road. It is also an excellent vehicle choice if you're always looking for the opportunity to move wherever and whenever you want.

Moreover, it provides a convenient housing on wheels, which is perfect for family vacations and even free travel. Some of the most notable advantages that investing in an RV can offer are listed below.

An RV Lifestyle is Affordable

Traveling using an RV costs less compared to other means of travel. You can cut back on expenses when you use an RV for travel because you won't need to pay for flights and lodging.

Furthermore, full-time travelers can have the chance to live in a neat space, which is more affordable than other standard housings. Even your utility expenses are significantly less when you are living a full-time RV lifestyle.

In terms of purchasing the RV itself, it’s a bit pricey, but you can always opt to apply for an RV loan.

Convenient Travel

If you own an RV, you can take almost anything you want. A pile of books, your favorite coffee mug, board games, video game consoles, and even a shelf filled with snacks. Owning an RV gives you the freedom to travel anywhere with all the conveniences your home can offer. This is a great travel alternative if you have a hard time fitting your things into a single carry-on.

However, you also need to understand that packing an excessive amount of things into your RV can risk your safety. Each RV has a load-carrying limit. You can check an RV's cargo limit on a label that is commonly found in a closet or cabinet.

The load-carrying limit is the total weight that your RV can carry safely. Exceeding this limit is dangerous because it can strain your tires, brakes, and axles, which may lead to an accident.

Easy Access to Nature

Traveling in the great outdoors is always exciting and enjoyable. Being amidst nature can significantly improve your mood and puts you in a relaxed state. If you own an RV, nature is right by your doorstep. It's one of the many reasons why people invest in RVs.


It gives you the freedom to stay off the grid whenever you want. Staying outdoors is great and all, but what makes it more pleasant is that your RV can provide you the comforts of your home even in the middle of nowhere.


If you are considering investing in an RV, you need to look into numerous information and ask several essential questions before making a decision. A lot of work goes into ensuring that your investment is worth the money and the trouble. Therefore, take your time and also consider the disadvantages that come with investing in an RV.

Cost of Ownership

Even though investing in an RV has tons of advantages, there are also a couple of issues an RV owner needs to face. The first problem is that you'd need a significant amount of cash to own an RV. An RV’s cost of ownership depends heavily on what model and size you want.

Moreover, it isn't just about the cost of the RV itself. You need to include the road taxes and insurance that come with operating or owning any vehicle. All things considered, owning an RV and financing it comes at a high cost. If you think you really can’t afford it, even with the help of RV loans, it is best to rent an RV rather than purchasing one. You can still enjoy a temporary RV lifestyle through renting an RV, although it is still not as good as owning one.

Large Maintenance Expense

Similar to a standard vehicle, an RV has similar regular maintenance in addition to the additional items that come with the amenities and appliances installed in the RV. Besides the regular maintenance, you'll also notice several different things that need changing or repair in your RV.

From the engine to the slides, things that shake and are consistently rattled are bound to break at one point. With this said, if you don't put in time and effort in your RV’s maintenance, you may end up with a broken-down vehicle. Luckily, setting a fixed precautionary maintenance schedule can help prevent this from happening.

Significant Fuel Cost

The number of people who forget that RVs consume more fuel than a regular vehicle is astounding. If you buy a large Class A RV, the fuel will likely cost at least twice as much as your typical civic. Furthermore, it's also crucial to decide the number of miles you'll usually travel. And to make matters worse, there's little to no difference between the cost of diesel or gas.


Although different variables should be considered regarding buying an RV, the conclusive outcome is still great. The time, effort, and money put into the entire process of purchasing an RV can seem, by all accounts, overwhelming.

However, at the end of the day, the hassles are worth every advantage that comes with investing in an RV. Although you can choose to avoid all the inconveniences by giving up on your purchase, you'll also be giving up on the RV travel lifestyle. Just remember, no pain, no gain.

Author Bio

Lauren Cordell is a professional content writer who has written numerous pieces on travel and leisure. She likes to drive from city to city in her RV. She usually travels by day and writes by night. Lauren is a fan of the outdoors and loves to share her travel experiences and tips with her readers.

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