rv van owner

Is buying a campervan a good investment?

• cannon
• February 5, 2021February 6, 2021
• 0

Getting a good return on your dollar

That is the thought when you are considering buying a camper van. They certainly have their uses and they make for better RVs than the bigger Class A or C options out there.

But is buying a camper van a good investment? The answer will depend on a lot of factors. To find out that answer, just continue to read our article. it has the information you need to make a smart purchase.

Do you buy new or used?

That is the biggest question you have to answer. First, you have to consider the average price of a Class B RV, (the camper van). Their price tag starts between $40,000 and can go up to $80,000 on average depending on what is inside.

Buying new may have untouched equipment, unslept on beds, and no miles but are those factors worth the cost you have to pay? That is something you have to decide for yourself.

Then, buying used may mean a cheaper purchase price but you are also buying someone else’s problems. Is the trade-off worth it? Again you have to consider that factor before making your decision. Repair costs are not always cheap or quick fixes.

The average price for a used camper van is a lot greater than a new one going anywhere from $3,000 to $60,000 depending on the condition, miles, and so on. You can get some good used ones for under $20,000.

Is a camper van a wise investment

There are two questions that you need to answer before you get to the answer to this question. The first question is, are you going to live in it full time or not? And the second is, how often will you use it if you are not?

If you are going to live in it full time or use it just about every weekend of the year, then the answer is yes, it is a good investment. You will get your money’s worth and RVs tend to depreciate at a slower rate than regular vehicles do.

Keep in mind that an RV does not rise in value if you just park it in your driveway and not use it. When you use it, the camper van will save you a lot of money on hotel bills, restaurant costs, and other travel fees like airplane tickets and so on.

When you use it, you are getting a good return on your investment. The key is to use it often enough and over a long enough period of time to realize those savings and earn back what you paid for the RV.

The answer to the question is that it can be a good investment or it can be a financial nightmare. If you don’t use it you are still stuck with the payments no matter what, plus, insurance and other maintenance fees.

Pros of buying new

1. everything is new and untouched by others
2. everything should work right
3. covered by a warranty
4. looks good and it is clean
5. can be parked anywhere

Cons of buying new

1. high monthly payments
2. high insurance rates
3. could get a lemon
4. depreciates in value quickly

Pros of buying used

1. save money
2. lower insurance rates
3. broken in already
4. lower investment amount
5. still looks good

Cons of buying used

1. lots of minor repairs need to be done
2. appliances, beds, etc., in bad shape
3. the motor may be wearing out
4. lots of scratches and dents

How to make your camper van pay off

Besides using it yourself and pocketing the savings you will get there is another way you can turn your camper van into a good investment. If you own land that is located in a very scenic spot, you can park your van there and rent it out.

Companies like Airbnb and its competitors have listings for RVs and you can list your rig with them. That way, when you are not using it, the vehicle can be parked and make you money at the same time.

Just set the right rental fee and have the right rules and your investment will start paying you back in no time. The good part of this is you do not have to rent it out full time. You can use the RV whenever it is not being used by your guests.

There is a third option

Instead of buying new or used, you can invest your money in a nice van and build your own. The average cost is anywhere between $500 and $30,000 depending on what you want inside, how much you are going to pay for materials, and other perks.

Once you build it, you can either use it and save or take advantage of renting to those travelers who want to stay in an RV for a short period of time. You will not be missing out on any investment opportunity or savings.

There are some positives to building your own over buying new or used:

You

1. save money

1. are not getting someone else’s problems
2. can tailor make it to your needs
3. can design it the way you want
4. pick your own colors
5. let your creativity shine
6. learn new or develop skills

Then there are some negatives to building your own

1. you have to do the work or hire someone to do it
2. patience, dedication, commitment, are needed
3. it may take longer than you thought and be more frustrating
4. have all the right tools
5. be able to plan carefully
6. know all the laws governing build your own RV vans

Some final words

In the end, the answer to the question is buying a camper van a good investment depends on a lot of factors. it won’t be if you let it sit in your driveway unused for months on end.

It will be a good investment if you use it all the time or rent it out part-time to those who want to see the country or stay in a nice locale. How you use it will depend if a camper van turns out to be a good investment or not.