Actually, the answer to this question depends on if you plan to continue as a VIP or stop at the end of your current subscription.
Originally Posted by Antmf712
WHILE VIP, you do not need to buy quest packs since access to all quest packs (not expansions) is included in the monthly fee.
IF YOU CANCEL VIP and drop back to premium, you will be able to finish any quests and/or deeds that you have open on each character but will no longer have access to quest packs you have not purchased (and can't purchase while VIP). As such, it is recommended you create a character in every available character slot and log them in to get VIP bonuses locked down on them while you are VIP. Characters made while in premium status have different limits such as 5 gold money cap and 3 packs.
[CENTER][B][I][COLOR=yellow]LOTRO proves that Middle Earth is Hobbit Forming![/COLOR][/I][/B][/CENTER]