Hire v's Buy

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We have provided a table below which gives you some comparisons of the annual costs associated with hiring a or camper, compared with the annual costs associated with purchasing your own caravan or camper.


While this table should be used as a guide only, we believe that many Australians don’t get the use out of their caravans and campers due to work commitments, overseas travel and many other reasons.


By hiring a caravan or camper, you get the benefit of choosing a van to suit your current lifestyle, while also having the benefit of not having a large amount of money tied up in an asset that you may only use 1-2 times per year and can take up to 12 months to sell. 

$30,000 New Camper

Hire

  • 2 week holiday at Christmas - $1,600
  • Weekend away - $450
  • Total per annum - $2,050

After 5 years of hire, you have no loan and are still hiring a new camper that suits your needs and you have an extra $19,500 your pocket!! 


 

Buy

  • Storage - $1,000
  • Insurance -  $450
  • Service/Maintenance - $350
  • Registration -  $250
  • Interest on Loan at 10% - $3,000
  • Depreciation at 3% - $900
  • Total per annum - $5,950

In 5 years, you have paid over $25,000 in costs and still have a loan on a 5 year old camper that may not suit your lifestyle.

$50,000 New Caravan

Hire

  • 2 week holiday at Christmas - $2,000
  • Weekend away - $630
  • Total per annum - $2,630

After 5 years of hire, you have no loan and are still hiring a new camper that suits your needs and you have an extra $30,100 your pocket!! 


Buy

  • Storage - $1,000
  • Insurance -  $500
  • Service/Maintenance - $400
  • Registration -  $250
  • Interest on Loan at 10% - $5,000
  • Depreciation at 3% - $1,500
  • Total per annum - $8,650

In 5 years, you have paid over $40,000 in costs and still have a loan on a 5 year old camper that may not suit your lifestyle.