Generally speaking, caravans are considered to be a good investment. In this section, we take a look at various reasons that make caravans a good investment and discuss relevant aspects.
If you are considering investing in a caravan, you are probably already aware of how much it will cost.
Considering the price of caravans, it would not be wrong to call them an investment, as you will be left with a considerable dent in your savings once you have paid for one.
Moreover, the expenditure is not limited to the one-time purchase price only. If you are buying a used vehicle, you will need to spend on insurance, storage, and repair costs. In addition, you will also be spending on regular maintenance.
Therefore, weighing your options and the benefits of purchasing a caravan makes sense before you take the plunge.
That being said, it is safe to say that a caravan is indeed a good investment, and there are multiple reasons why it is so. A few of them are mentioned here.
Explore the roads less travelled- Caravans give you the freedom to travel at your will and explore the places you desire. You can easily take to the places less travelled and camp your caravan there to enjoy the peace and solitude. If you are the kind of person who likes to discover and explore different places, you will certainly get the most out of your caravan.
Save Accommodation Costs When Travelling
Caravans are like a home away from home. You can easily pack all your essentials in the caravan, including all clothing and required pantry items. It also saves you the hassle of looking for accommodations wherever you visit and bearing the accommodations’ costs.
You will also not be held back due to accommodation options and can easily opt for places where there are no great options to stay, but the place is great to visit.
Simply park your caravan at a campsite or a park, and if you have arrangements for solar power and sufficient water supply, you can practically enjoy free camp on your way without any requirement for accommodations.
Save Time Packing When Travelling
Usually, when you are on a road trip in a regular car, you may have to load and unload your car and pack and unpack your bags everywhere you go. It might seem quite cumbersome when the trip is long, and you have numerous places to visit on the itinerary.
Travelling in a caravan saves you all the trouble of packing your bags and loading your car whenever you are ready to head for the new destination.
Spontaneous Travel Adventures
You also do not need to pre-plan a holiday according to your work commitments or your kids’ activities. You can go anytime you like without concerns about booking accommodations or travelling date clashes.
Do Caravans Hold Their Value?
The great thing about caravans is that, unlike regular cars, caravans hold a significant amount of their value, provided you keep them in good condition. It is like an asset; you can sell it when you want and invest the money elsewhere.
If you invest in one, you have many years of enjoyment to look forward to. So, even if you decide to keep the caravan for ten years or more, you can resell it at a good price if it is in good condition.
Caravans depreciate in value slower than cars, so after a certain time you decide to sell it and invest in another one, you can get a pretty good deal for your previous caravan.
Is Buying A Caravan A Waste Of Money?
Since caravans have a low depreciation rate and good resale value, they are not a waste of money. It also depends on the type of caravan you invest in and the caravan usage. If you are the type of person who likes to travel with family or friends and do it on a regular basis, you can consider investing in one.
However, if you are unsure if it will be worth your while, you can rent a caravan and do it a few times to assess if it suits you and then go ahead with the purchase.
What Is The Average Lifespan Of A Caravan?
While you may have seen many people drive even 20 or 30 years old caravans, a caravan’s average lifespan is around 14 years. A caravan model that is five to seven years old will offer the ideal price-to-performance ratio.
If you are considering investing in a used caravan, you may be able to get a good deal through a little negotiation. However, remember that you will need to incur additional costs for the repair or maintenance of the vehicle. Moreover, you may also have to spend on insurance and arrange the vehicle storage as well.