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Do you feel the need for speed? Want to get out on the water? Are you craving an adventure? If you're considering buying a motorcycle, boat or RV, it's important to ask the right questions to make sure a leisure vehicle is a smart choice for you. Here are some considerations:


Will you need a Leisure Vehicle Loan to finance your new toy? Consider what payment fits into your budget to help determine the purchase price and loan terms you can afford. Don't forget to include in your budget ongoing costs such as maintenance, fuel, storage and insurance.


Leisure vehicles differ greatly in size and complexity as compared to what you may be used to. Before making the commitment to purchase your new toy, make sure you have the appropriate license(s) to drive the vehicle. Check with your state in order to follow the proper regulations.

Lifestyle Considerations

Ask yourself these questions before you purchase your vehicle:


  • Do you have a place to store it?
  • How often do you plan on using it? Where do you plan on taking it? If you only plan on using it a few times a year, consider buying used. If you plan on taking it far distances, you may consider buying an RV that has low miles on it to begin with so you can get the most out of your purchase.
  • Are you buying it because you want to save money on travel costs by staying in your RV instead of a hotel or motel? Calculate how much you would actually be saving by comparing the cost and maintenance of an RV to lodging and dining out, etc.


  • How will you be riding your bike? Are you looking for a weekend toy, or will this be your main source of transportation? Will you be traveling long distances? Answering these questions will give you more insight into whether you should aim for comfort or style.
  • Choose a bike that fits your body. People come in all shapes and sizes, and so do motorcycles! You won't enjoy riding if the bike is uncomfortable. Give it a lengthy test drive to ensure the best fit.


  • Do you have room to store it?
  • What kind of boater are you? How often do you set sail? Are you brand new to boating? Depending on how often you plan to hit the water and how experienced you are, you may decide to rent or join a boat club instead of buying outright.
  • What kinds of boating activities will you do? Will you fish, ski, tube or just cruise? Will you be boating on fresh water or salt water? Different boats are made for different activities. Internet tools allow you to personalize your search by choosing fresh or salt water, watersports or sailing, and more.
  • How many people do you want to be able to fit in the boat? This will greatly impact the size of the boat you decide to buy.


There's nothing like a new vehicle, but your best deal could be a used model. However, before you consider purchasing a used motorcycle, RV or boat, it's important to keep the condition of the vehicle in mind. Considering the mileage, body and drivability of your desired vehicle before buying can impact how much maintenance you'll need to put into it in the long run.

Ready for your adventure? Apply for a Navy Federal Leisure Vehicle Loan today.

   Motorcycle RV Boat
Mileage Motorcycle engines don't last as long as car engines. Any bike with more than 30,000 miles may need a new engine soon. Expect to get fuel economy between 8 to 20 MPG, depending on the RV you choose. Knowing the RV's expected fuel economy can help you gauge ongoing costs. You measure a boat's use by hours. If a boat has more than 500 hours, you should expect to put some money into maintenance.
Body Check mirrors, grip ends, foot pegs and rear turn signals for damage. There are multiple RV floor plans and types. There are towable RVs, in which case you'll need the right equipment for towing. If you choose a towing RV, you need to pick the right size for your towing capabilities. Things to look for include any rotting, the maintenance history, hull condition, cracks or nicks in the propeller, ripped seams, and color fading in the upholstery.
Drivability Look for flat spots in the horsepower by listening for odd noises like popping or backfiring, especially when decelerating. When you slow down, leave the bike in low gear so RPM stays high. Make sure you feel comfortable driving a vehicle larger than your car. Test the RV on roads you'd normally drive on (for example, highways, small dirt roads or mountain passes). Always test drive a boat before purchasing. Pay attention to the vibration, functioning trim, response, planning, reverse, gauges and instruments.

This article is intended to provide general information and shouldn't be considered legal, tax or financial advice. It's always a good idea to consult a tax or financial advisor for specific information on how certain laws apply to your situation and about your individual financial situation.