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Planning and taking an RV vacation can be a lot of fun. When I was little I went RVing with my grandparents for a couple weeks every summer. They owned their RV, but these days a lot of people are opting to rent. Here's my short guide on the pros and cons of renting versus owning.

A lot of people, like my grandparents, want to own their RV, they are proud of the fact that they have been able to acquire something like this. The freedom associated with it is also very important. Allowing you to take off any time the mood strikes you.

If you rent your RV it's not quite so easy to get up and go whenever you please. So if you like to take unscheduled trips often you may just want to make the purchase of a new or used RV.

Something else to consider about owning your own RV is that much like owning your own home it gives you the ability to make any changes you want without having to check with someone first.

Do you smoke or own pets that you would like to bring along? These are some very important considerations when renting an RV. Will you be traveling with a large family or group who may do some damage or simply leave a few stains on the carpet? With most rental RVs you have to be very careful about leaving damage or odors of any kind.

Wanting to be able to completely relax and treat the RV as you would your own home is a very good reason for wanting to buy.

All things considered buying your RV is almost always the easiest way to go. The only thing that may stop a lot of people is the cost. An RV is a very large investment for most couples or families. Securing adequate financing can be as difficult as buying a new home for most.

Don't forget that along with the normal cost of purchase there are many other hidden costs along the way. Repairs and refurbishment of older RVs plus roadside assistance coverage can be expensive and are your responsibility.

Be sure you consider all the extras, you don't want to secure the right loan only to find out later that the regular upkeep is too expensive for you.

Many people find that renting an RV is a much more affordable option. If you only plan to use an RV for traveling a couple times a year renting is also the best deal for you.

Just like any other rental agreement you should always do some comparison shopping. Don't agree to rent the first unit you like and be ready to travel a little to find a better price.

While there may be restrictions most places will let you rent an RV for almost any length of time. Most rental agencies offer many different options to personalize your rental to your needs.

Be sure when renting an RV that you understand all of the rules and restrictions set forth by the rental agency. If you would like to smoke in the RV or bring along a pet or two you may have to look long and hard to find an RV rental that will allow you to.

Even if you find an RV to rent that will allow these extras activities there will almost always be an extra large security fee to ensure the property is returned undamaged. Make sure you understand these extra fees completely before signing an agreement.

I was introduced to RVing at a very early age and I love the freedom that comes with bringing your home along with you on vacation. But for me the cost, maintenance and added extras of owning an RV would not be affordable. This is why I choose to rent an RV whenever I want a leisurely vacation.

Sources:

http://www.newrver.com/publish/rvbuying.shtml

http://www.cruiseamerica.com/

Personal Experience