See the benefits of hiring a van instead of the costly obligation of buying your own!
We have provided a table below which gives you some comparisons of the annual costs associated with hiring a caravan or camper, compared with the annual costs associated with purchasing your own caravan or camper.
While this table should be used as a guide only, we believe that many Australians don’t get the use out of their caravans and campers due to work commitments, overseas travel and many other reasons.
By hiring a caravan or camper, you get the benefit of choosing a van to suit your current lifestyle, while also having the benefit of not having a large amount of money tied up in an asset that you may only use 1-2 times per year and can take up to 12 months to sell.
$60,000 New Caravan
Buy
Storage
$990.00
Insurance
$950.00
Service/Maintenance
$500.00
Registration
$60.00
Interest on Loan at 6%
$3,600.00
Depreciation at 5%
$3,000.00
Total per annum
$9,100.00
Hire
1 week holiday in January
$950.00
1 week holiday in August
$750.00
Weekend away
$600.00
1 month holiday up north
$2,700.00
Total per annum
$5,000.00
In 5 years, you have paid over $45,000 in costs and still have a $60,000 loan on a 5 year old caravan that may not suit your lifestyle.
After 5 years of hire you’ve saved yourself thousands, you will haveno loanand are still hiring abrand new caravanto suit your current lifestyle and you have an extra$20,500 in your pocket.
$35,000 New Caravan
Buy
Storage
$990.00
Insurance
$600.00
Service/Maintenance
$400.00
Registration
$60.00
Interest on Loan at 6%
$2,100.00
Depreciation at 5%
$1,750.00
Total per annum
$5,900.00
Hire
1 week holiday in January
$850.00
1 week holiday in August
$650.00
Weekend away
$520.00
1 month holiday up north
$2,340.00
Total per annum
$4,360.00
In 5 years, you have paid almost $30,000 in costs and still have a $35,000 loan on a 5 year old caravan that may not suit your lifestyle.
After 5 years of hire you’ve saved yourself thousands, you have no loan and are still hiring a brand new caravan that suits your current lifestyle and you have an extra $7,700 in your pocket.