Is a campervan a good investment?

There’s no doubt that campervans are a big trend right now. It’s easy to see why. Their iconic design and amazing features mean you can embark on a dream vacation and live like it’s the 1960s again. However, is a campervan really a good investment? This article answers that question and gives you some practical tips to help make your campervan dream a reality.

Why choose a campervan?

Campervans offer a unique way to travel, especially for those who appreciate the simplicity and value experiences rather than things. So, if you’re into that kind of vibe then a campervan could be the right choice for you. The great thing about campervans is they can take you pretty much anywhere – no matter how wild the terrain. If you want to go off-grid, then a campervan is a great choice, because they’re fully self-contained.

In addition, campervans have evolved over the years and now feature many home comforts, including microwaves, showers, and flushing toilets. Some even come fitted with solar energy panels, LED lighting, and onboard entertainment systems.

What do I need to know about buying one?

When it comes to buying a campervan, you need to be realistic. It’s not the type of investment that will make you rich, so if you’re looking to buy one for financial purposes then don’t bother. But if you want a bit of fun and freedom then definitely go for it! You should also be realistic about your budget as campervans can be expensive to buy and maintain.

Do your research before buying. Research the different types of campervans on offer and their resale values. High-quality examples will hold their value for a long time, so you’ll have more chance of selling at a good price in the future.

Book a test drive and have a poke around to see if the van is well maintained. Make sure it has all its service history and that everything works as it should. Check out any photos online of the campervan interior to make sure there aren’t any stains or damage.

How should I pay for it?

Campervans are a big investment, so you’ll need to finance it. It’s not like buying a car where you can get away with little or no deposit, plus the interest rates on campervan loans are high. You should be able to borrow up to 90% of the purchase price (some lenders may even offer 100%) and the interest rates can be 10% or more.

If you need a little help on this front, you could always use a company like Auto Finance Online to get you over the line financially. They’ll offer you a quote within the hour and can even help find the right vehicle for you. Companies like this are helping to make it easier to purchase a campervan, hence their increase in popularity.

Conclusion

Campervans are expensive to buy and maintain, so you’ll need to buy the right one in the first place, take care of it properly, and sell at the right time. It’s also important that you do your research before buying because there are many things that could go wrong if you don’t know what you’re doing. So, if it sounds like the kind of investment for you then definitely give it some thought.