Hiring vs Buying
Have you considered Caravan Hire instead of buying. The decision to hire a caravan can definitely be a cheaper alternative than purchasing your own. Avoid storage problems, annual insurance costs, maintenance, depreciation and registration fees by hiring one of our modern Jayco caravans instead. You can Hire a different van each time you travel that suits your proposed holiday needs.
Having your own van sitting at home makes you feel like you have to use it all of the time to get the value out of it. Hiring a van means if you decided to use your holiday cash one year to go on a cruise or overseas trip you won’t be feeling tied to your van.
Do the sums, you will be surprised how hiring can be an inexpensive option compared to purchasing.
If you do intend to buy your own caravan, hire the layout / size first and make sure it suits your needs before outlaying $60,000 +. It can save you making a costly mistake.
$60,000 - New 19' Caravan
Buy
| Storage | $990 |
| Insurance | $850 |
| Service/Maintenance | $500 |
| Registration | $60 |
| Interest on Loan at 6% | $3,600 |
| Depreciation at 5% | $3,000 |
| Total per annum | $9,000 |
Rent
| 2 Week holiday in January (peak) | $1,980 |
| 1 Week holiday in August | $660 |
| 3 Day weekend away | $395 |
| 4 Week holiday up north (off peak) | $2,375 |
| Total per annum | $5,410 |
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 have no loan and are still hiring a brand new caravan to suit your current lifestyle and you have an extra $20,500 in your pocket.
$40,000 - New 14' Expanda
Buy
| Storage | $990 |
| Insurance | $650 |
| Service/Maintenance | $500 |
| Registration | $60 |
| Interest on Loan at 6% | $2,400 |
| Depreciation at 5% | $2,000 |
| Total per annum | $6,600 |
Rent
| 1 week holiday in January | $820 |
| 1 week holiday in August | $535 |
| Weekend away | $335 |
| 1 month holiday up north | $1,925 |
| Total per annum | $3,615 |
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 have no loan and are still hiring a brand new caravan to suit your current lifestyle and you have an extra $20,500 in your pocket.