Are you considering buying an RV or a trailer? If you’re itching to spend some time on the open road or dreaming of exploring national parks or visiting friends while skipping the hassle and expense of hotels, a travel trailer or RV may be ideal for your lifestyle. A travel trailer or recreational vehicle (or RV) is pulled behind your car or truck. A motorhome is a vehicle that includes a place to live and sleep, as well as a motor so it can be driven.

Prices and accommodation size will vary depending on whether you opt for an RV or a motorhome. Once you’ve decided on which type of recreational vehicle you’re looking to buy, it’s time to create a budget, take all expenses into account, assess how much room you and your family or travel companions will need, and be very clear on your expectations. With these considerations in mind, here are some mistakes to avoid when buying an RV or trailer:

Mistake # 1: Not sticking with a budget
We’ve all had the experience of heading to buy something and coming home with something way over budget. That may be okay when it’s a pair of jeans, but RVs and trailers are big purchases, most likely second only to a home in price. Figure out your budget and stick to it, no matter how much you fall in love with that swanky new motorhome that looks like it’s ready for a rock star.

Mistake # 2: Not considering interest rates or taxes
If you’re financing your RV or trailer, you may be swayed by the reasonable-sounding monthly payment you’re quoted. But if the interest rate you’re offered is high, you may be making those payments for a long time. And regardless of whether you’re financing and paying cash, there are still taxes to contend with. Be sure to factor in all these additional costs when budgeting for your new vehicle.

Mistake # 3: Going too small
When trying to stick to a budget, beware of the pitfall of convincing yourself you can settle for a smaller recreational vehicle than you can. Things can start to get cramped during hours on the road.

Mistake # 4: Forgetting tow weight
Knowing your tow weight will save you a lot of headaches. Calculate it carefully! For example, a trailer weight that is too heavy for your vehicle can make steering impossible causing a danger on the roads. On the opposite end, an RV that places inadequate force on the tow vehicle hitch will sway dangerously while driving.

Mistake #5: Buying an RV in the wrong condition
It’s tempting to go for that gleaming, brand-new vehicle. On the flip side, you may also consider going for a model older or in rougher condition than you’re ready for. Remember that with a lower price and higher mileage may come unexpected upkeep costs. Be realistic about what to expect.

Buying a new RV or trailer will mean the start of many wonderful adventures. Plan carefully, look at all your options, and avoid these mistakes to get a vehicle that will give you years of enjoyment.