Should I Buy or Rent a Campervan – Factors to Consider

Rent or Buy? Rent or Buy?
Rent or Buy?

Rent or Buy?

A campervan is great for holidays and family outings. They have all of the utilities that you need for a long trip, you can enjoy the great outdoors  and you don’t have to bother looking for hotels. At the same time, a campervan can be expensive. You want to ensure that you are getting the most for your money. Is it better to rent or buy a campervan?
It really depends on how long you are planning to use it. There are several factors you should consider.

Required Campervan
What type of campervan do you need? There are many types out there that have different features, luggage capacity and number of seats. For example, do you need a gas stove and grill attached to the campervan? Do you need a van that also has a tent on top of the van to increase space?

Think about your exact needs. Each campervan has a different price point, and you need to know exactly how much the going rates are for the amenities you need.

Length of Trip
How long are you planning to use the campervan for? This might be one of the biggest determining factors when choosing to buy or rent a campervan. If you just plan to take a short trip, then you should probably hold off on buying the vehicle.

Longer trips will become more economical. Most experts say that you consider buying a campervan if your trip is going to last 12 weeks or more. Most also agree that you should definitely buy one if you are going out for more than 20 weeks.

Daily rental rates commonly decrease if you rent the van for a longer period of time, so it would also be a good idea to find out how much you will have to spend per day for the amount of time you plan to use the campervan.

Re-sale Value
Another consideration is the campervan’s re-sale value. Campervans typically have a very high re-sale value. Some dealers may even buy the campervan back for a certain percentage.

At the same time, the re-sale value will decrease as it is used more. You can expect about 50 percent res-sale value within the first few months of owning the campervan, but the re-sale value will begin to drop the longer you own it. This is highly dependent upon the model you bought and the amount of driving you do, but the re-sale value may go down to 30 percent with heavy use.

Consider the common re-salel value for the campervan you want to buy. This might be the deciding factor between buying and reselling.

A good night sleep!

A good night sleep!

Usage
Usage was covered somewhat in the above section. What exactly do you plan to do with the campervan? You can have the van for 15 weeks, but just having the campervan doesn’t really equate to usage.

You should consider how much driving you will actually do on the trip and how much you plan to use the utilities. If you plan to stay in one area, then you will probably fetch a higher re-sale value. You will also get a higher re-sale value if you are very careful not to scratch or rip any of the beds, utilities or body of the vehicle.

If you plan to hammer the mileage, then you will obviouslyget a lower re-sale value.

Conclusion
Should you buy or rent a campervan? It all comes down to how long you plan to use the campervan.  Think about your exact needs and you should have no problem finding out what the best option is for your trip.

 

Author bio:

Karim Toohalik writes for Brainloop, a company specializing in creating a highly secure workspace through Brainloop secure document sharing using a highly secure dataroom environment making it easy to share documents.

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