You have your heart set on the dream caravan life but not sure what’s best for you?
We often get the question about if renting vs buying a caravan makes the most sense, this will often come down to how much you plan to use the van & also if you have somewhere to store it and if you need a loan.
Concerns about storage, insurance or maintenance? Interest rates on the hefty loan looks a bit scary? Are you going to feel disappointed with it sitting in the shed whilst you are unable to holiday? Maybe you want to mix it up with a cruise or overseas trip to Europe or some exotic island and the guilt rolls in for getting the full value out of your van?
We have done the number crunching for you. Take a look at the data comparing the costs of hire vs buy to help you make the best informed decision. You might be quite surprised, by renting you might be able to afford extra luxuries or add-ons that you otherwise wouldn’t.
Jayco Journey Pop-top $68,000
| Buy | Cost | Hire | Cost |
| Storage | $990 | 2 Weeks Hire in Summer | $2200 |
| Annual Insurance | $880 | 1 Week Hire in August | $750 |
| Registration | $60 | 4 Day Quick Hire | $550 |
| Service & Maintenance | $770 | 1 month Long Hire to escape winter | $2700 |
| Repayments on loan (6%) | $16100 | (Nearly 8 Weeks) | |
| Depreciation (5%) | $3400 | ||
| Total | $22200 | Total | $6200 |
Hiring gives you the benefit of choosing a van to best suit your holiday needs, while not having to wear the time and financial cost of an asset that you may only use a few times per year and can take months to sell second-hand.
Not convinced? To see even more benefits of hiring a caravan see (link to why hire a caravan page) or take a look at our vans to see the options (link to vans hire page).
You can now go live that caravan life stress free and save the extra money to put to more holidays!
It’s a WIN-WIN, how good!