Buying a motorized or towed recreational vehicle has become a daunting prospect for those who long to see the country at their own pace while surrounded by their own living space.
Financing has dried up as quickly as the equity in many homes -- the kind without wheels. Some people who might have the means to buy an RV are loath to commit $40,000 to $280,000 on a depreciating asset in a dismal economic climate. And the prospect of spending $315 to $675 to fill up a vehicle that gets seven miles per gallon isn't a big draw, either.
Monday, July 7, 2008
Will Peak Oil Kill the RV?