Some Things to Consider If You’re Thinking About Buying a Motorhome in the UK.
Buying a Motorhome
Everyone has their own reasons for buying a motorhome, whether it's simply to be part of the friendly community, to save money on travel costs, or just for the immense freedom it gives you and your family to explore the UK.
The good news is that, if you buy wisely, you could be adding a great investment to that list of benefits.
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Think About the Future
Purchasing a motorhome is not cheap, with top-of-the-line models costing anywhere from £50,000 to over £100,000 new.
If you’re buying new, you might find yourself stretching your budget. When that happens, it can be tempting to think about buying one of the many older motorhomes for sale in the UK, one that costs less and has already depreciated somewhat in value.
While this might appear to be a good financial decision in the short term, it may not be a great investment strategy over the long term.
New or Second-Hand
Used motorhomes do retain their value better than second-hand cars, but most won’t hold their value indefinitely. With so many style changes and advances in technology, the value will drop in line with the age of the motorhome when you purchase it.
While buying new seems more expensive, you can be fairly certain that your motorhome will be worth a significant percentage of its original value if you decide to sell it.
Take Advantage of the Benefits a Motorhome Offers
Another thing that determines whether or not a motorhome would be a wise purchase for you is the amount of time you plan to spend in it.
There are countless ways to save money by using a motorhome and to get the best from your investment, you’ll want to use as many of them as possible.
Your Home on Wheels
Driving your motorhome to your chosen location and staying in it instead of using hotels is obviously the main benefit for most owners, but there are plenty of others.
Eating meals in your motorhome, rather than eating out, can save a small fortune as can stocking up on supplies ahead of time to save money.
Save Money by Using Your Motorhome More Often
Another option is to go on more trips. When your motorhome is just sitting on your driveway, its potential is wasted.
Instead, start using it more, and you will get more value for money.
This is particularly the case if you have children, as you can avoid all the school holiday price increases while still enjoying lots of fantastic family holidays.
Whether to Get Finance or Buy Outright
When it comes to purchasing a motorhome, prospective purchasers often wonder whether they should buy outright or use one of the many finance options available.
Obviously, your financial circumstances will determine which of the two will be the best for you.
If you’re younger, financing a motorhome and looking to sell it when it’s paid off is usually a good option.
However, you should look at how long that’s going to take and what sort of impact it will have on your finances over time.
Older people are often in a financial position that allows them to buy outright, and they can reap the benefits if they hold onto their motorhome for a few years.
Invest Wisely, and Your Motorhome Could Pay for Itself
If you want to get full value from your motorhome, you need to have a clear plan before you buy.
To begin with, familiarise yourself with current trends so that you buy a model with facilities and extras that will still be current a few years down the line.
Latest Features
Modern features like mobile charging ports and Bluetooth-linked devices are in demand, so they are likely to hold their value over time.
The Right Model for You
When you’re working out costs, calculate how many holidays you want to take, how much those holidays would cost without a motorhome, and how much money you're likely to save as a result.
Once you’ve done that, figure out how much the motorhome is likely to sell for when you have finished doing travel breaks.
By taking the time to work all this out in advance, you can rest assured you’re buying the right model for you, keeping it for the ideal length of time, and selling it for the best price at the end of the day.
Deciding to Buy
Owning a motorhome is life-changing because it gives you the freedom to take off at will whenever you like.
If you’re thinking about getting one, consider how you’re going to use it and what the costs will be before deciding whether it’s a smart buy for you.
Learn About Investing in a Motorhome
We hope our guide to investing in a motorhome has given you some helpful tips. If you’d like more information, please give us a call and we’ll be happy to help.