Exploring Affordable Camping: Tips For Buying A Camper

There are many ways to afford a campervan. Some people pay cash, while others finance their campervans and turn them into a side hustle. One way to make your campervan pay for itself is to rent it out on platforms such as GoCamp, which is like Airbnb for campervans. Another way is to trade in your family car for a campervan that can double as your daily family vehicle, saving you insurance and road tax costs. You can also share the cost of a campervan with family or friends, or rent it out when you're not using it. If you're committed to full-time van life, you can move into your van and rent out your house.

Rent out your house or camper van

Renting out your house or camper van can be a great way to generate extra income, but it also comes with responsibilities. Here are some things to consider if you're thinking of renting out your property to help afford a camper:

Renting out your house

If you're planning on living in your camper full-time, renting out your house can be a great way to cover the costs. Before you start, research the rental market in your area to determine a competitive price. You'll also need to familiarise yourself with local laws and regulations, such as the Fair Housing Act, to ensure you don't discriminate against prospective tenants. Screening tenants carefully is essential to ensure you find reliable tenants who will take care of your property and pay rent on time. Creating a detailed rental agreement that outlines the terms and conditions of the tenancy is also crucial for protecting yourself and your tenant.

Renting out your camper van

If you're not using your camper van all the time, renting it out can help offset the costs of ownership and even turn a profit. There are several peer-to-peer rental platforms, such as Outdoorsy and RVShare, that allow you to list your camper van for rent. These platforms typically offer features like insurance, roadside assistance, and background checks for renters. When listing your camper van, it's important to provide high-quality photos, competitive pricing, and clear rental terms and policies. Responding promptly to inquiries and building good rapport with potential renters can also increase your chances of success. Keep in mind that renting out your camper van may require additional effort, such as thoroughly cleaning it between rentals and performing maintenance and repairs.

Weighing the pros and cons

Renting out your property can provide financial benefits, but it's important to consider the potential challenges as well. Managing a rental property can be time-consuming, especially if you're handling everything yourself. There may also be financial risks and unexpected costs associated with being a landlord, such as property damage or legal disputes. Additionally, navigating the regulatory complexity of landlord-tenant laws can be challenging. On the other hand, renting out your property can provide a steady income stream, build your wealth over time, and offer tax deductions. It can also be a great way to learn about real estate management and expand your investment portfolio. Ultimately, the decision to rent out your house or camper van depends on your comfort level and financial situation.

Trade in your car

Trading in your car is a great way to get a head start on affording a camper. This is especially true if you have a large family car that you no longer need. By trading in your car, you will save on insurance and road tax, as well as the costs of maintaining an additional vehicle.

When considering a trade-in, it is important to assess your needs and decide if a camper can serve multiple purposes. For example, if you are investing in a compact camper, such as the Ford Transit Trouvaille Actif model, it can double as your daily family vehicle. This way, you can avoid the additional costs of running two vehicles.

Another option is to share the ownership of a camper with family or friends. This reduces the financial burden on any one person and allows everyone involved to enjoy the benefits of owning a camper. You can plan out a schedule that works for everyone, ensuring maximum use of the camper and leaving room for other types of holidays or trips.

If you are able to purchase a camper, you can also consider renting it out when not in use. This can be a great way to offset the costs of ownership and even turn a profit. Websites like GoCamp and Camplify.co.uk allow owners to rent out their campers, with potential earnings of up to $200-300 per night on GoCamp and £900-£1200 per week on Camplify.co.uk during peak season.

Finally, if you are handy and mechanically inclined, you may consider a self-build option. This involves purchasing a used van or truck and converting it into a camper yourself. This can be a more affordable route, as you can source used vehicles and second-hand tools, as well as buy and install only the features you truly need.

Trading in your car is a viable option to get started on your dream of owning a camper. With some creativity and planning, you can make it work within your financial means.

Van share with family or friends

If you're looking to own a campervan but want to share the costs, joining forces with family or friends can be a great option. Here's how to make it work:

Choose Your Crew

Start by identifying potential co-owners within your circle. Consider those who share your passion for outdoor adventures and travel. It's essential that everyone involved is reliable and committed to the shared ownership arrangement. Discuss the idea with them and gauge their interest and financial capacity. Ensure that the group size is manageable and that everyone is on the same page regarding expectations and responsibilities.

Define the Terms

Clearly define the terms of ownership, usage, and financial contributions. Decide how often each person can use the campervan and create a fair scheduling system. Determine how costs will be divided, including the initial purchase price, registration, insurance, maintenance, repairs, and storage. It's important to have a written agreement in place that outlines these terms and is signed by all parties. This ensures everyone understands their obligations and helps prevent misunderstandings down the line.

Source the Right Campervan

Work together to find the perfect campervan that suits everyone's needs and budget. Consider factors such as the number of sleepers, kitchen facilities, bathroom requirements, and storage space. Decide whether you want to buy a new or used campervan, and research reliable dealerships or private sellers. By combining your budgets, you may be able to afford a higher-quality or larger campervan than if you were purchasing it alone.

Manage Ongoing Costs

Create a system for managing ongoing expenses. This could involve setting up a joint bank account specifically for campervan-related costs, with each co-owner contributing a set amount regularly. Alternatively, one person could take the lead on paying for expenses and then collect reimbursements from the others. Keep a record of all expenses to ensure everyone is contributing fairly.

Communication is Key

Maintain open and honest communication with your co-owners. Discuss any issues or concerns promptly and work together to find solutions. Share feedback on usage, maintenance, and any problems encountered. Regular communication ensures that everyone continues to enjoy the benefits of the campervan and that the shared ownership arrangement remains positive and harmonious.

By sharing the ownership of a campervan with family or friends, you can spread the costs, enjoy the benefits of campervan life, and create memorable shared experiences.

Hire out your van

Renting out your van is a great way to make some extra cash and can even help you afford a campervan. There are various ways to rent out your van, and you can choose the option that best suits your needs and preferences. Here are some ideas to get you started:

GoCamp:

GoCamp is a platform similar to Airbnb but specifically for campervan rentals. You can list your van on GoCamp and rent it out to people who are interested in trying out the van life. According to the GoCamp website, owners can earn about 80% of the nightly rate, which is between $200 and $300 per night. Average bookings are for five to six nights, so you could make a significant income by renting out your van just once a month! This option gives you the flexibility to use your van when you want and rent it out when you don't need it.

Delivery Services:

The transportation industry is booming, and there is a high demand for delivery services, especially with the rise of online shopping. You can sign up with companies like GoShare, Amazon Flex, or food delivery apps like Uber Eats, Instacart, and DoorDash. These platforms offer flexible work opportunities, and you can choose your own schedule. You will need a valid driver's license and, in some cases, commercial insurance and background checks.

Moving and Hauling Services:

If you don't mind some heavy lifting, you can offer moving services to individuals or businesses. Many people need help moving furniture, appliances, or other large items. You can also provide hauling services to help businesses and families get rid of junk and old items. Ensure that you have the proper equipment, such as canvasses, tarps, moving blankets, and cargo straps. Check your local regulations and requirements, as some states have strict rules regarding moving services.

Towing Services:

If your van is capable of heavy towing and has a tow hitch, you can offer towing services. People often need help moving trailers, boats, or other large objects. Make sure you understand the safety measures and proper techniques for towing. You may need a special license or approval from your local authorities, so be sure to check the legal requirements.

Advertising:

You can also turn your van into a mobile billboard by partnering with advertising services like Wrapify or Carvertise. They will brand your van with company advertisements, and you can earn money by simply driving your regular routes. This is a passive income opportunity that doesn't require much effort on your part.

By exploring these options and combining multiple strategies, you can generate a substantial income stream that can help you afford a campervan. Remember to always follow local regulations, maintain your vehicle, and provide excellent customer service to build a successful and sustainable business.

Buy second-hand

If you're looking to buy a camper on a budget, buying second-hand is a great option. Here are some tips to help you find the right pre-owned camper for you:

Set a Realistic Budget

Before you start shopping for a second-hand camper, it's important to set a realistic budget. Factor in not just the purchase price but also the cost of repairs, insurance, tax, and variations. This will help you stay within your financial limits and avoid overspending.

Research and Compare

Take your time to research and compare different options on the market. Visit dealerships, browse online listings, and attend auctions to get a sense of the price ranges and features offered by different models. This will help you make an informed decision and ensure you get the best value for your money.

Choose the Right Channel

There are three main channels for buying a second-hand camper: private sellers, dealers, and motor auctions. Each channel has its own advantages and disadvantages, so choose the one that best suits your level of experience as a buyer. Private sales may offer more room for negotiation, but they come without a warranty. Dealers provide guidance and legal protection, but their prices may be higher. Auctions can offer great bargains, but they also carry higher risks, especially for inexperienced buyers.

Inspect and Verify

Whether you're buying from a private seller, dealer, or auction, always conduct a thorough inspection of the camper. Check the engine, bodywork, panels, floors, doors, wheels, chassis, and transmission for any signs of damage or wear and tear. Take photos and consider getting a professional inspection from a mechanic or expert to identify any potential issues.

Check the Vehicle History

Don't forget to review the vehicle's history and credentials. Check the logbook, engine number, chassis number, and vehicle history reports from police and insurance services. This will help you identify any previous accidents, ownership changes, or hidden issues that may affect your decision.

Be Patient and Trust Your Instincts

Don't rush into a purchase. Take your time to consider your options, seek advice from experts, and follow your instincts. If a deal seems too good to be true, it probably is. By being patient and diligent, you can avoid buying a lemon and ending up with a low-quality vehicle.

Remember, buying a second-hand camper can be a great way to save money while still enjoying the camping experience. With careful research, inspection, and a realistic budget, you can find a pre-loved camper that suits your needs and budget. Happy camping!

Frequently asked questions