The Long Term Benefits Of Buying A Caravan

The Long Term Benefits Of Buying A Caravan

Those looking into buying a caravan certainly have their fingers on the pulse, as they are currently one of the safest investments you can make. Owning your own caravan has many benefits; not only does it allow you to take a holiday whenever you wish without you having to worry about the costs of accommodation, you can make money almost all year around by letting it out to other holidaymakers.

British holidays are seeing a huge surge in popularity thanks to the current economic climate and families have less disposable income to spend on jetting off to sunnier climes. They are also the ideal way for large or extended families to be able to holiday together, with today's modern caravans easily accommodating up to 8 people comfortably and still having plenty of space.

Making the decision to buy a caravan is a big one, but those who decide to go ahead consider it to be the best decision they ever made. The choice of locations to set your caravan is also extensive, from Lands End to John O'Groats, there are great sites for you place your caravan on, it all depends on what kind of site you would prefer, and whether you want a coastal or countryside site.

This great country is being rediscovered by those who are now taking their holidays at home, and many who are more accustomed to crowded Mediterranean resorts and packed beaches are finding out for the first time exactly what the UK has to offer the holidaymaker. Owning or staying in a caravan in the UK is a recipe for fun, not to mention the consummate freedom it affords.

Your first step to buying a caravan is to work out a realistic budget that won't leave you struggling. Once you have decided on this you will then be able to determine whether you can afford to buy a new or a used caravan. The general standard is a deposit of either £3000 or 25% of the value of the caravan, whichever is the greater. The larger the deposit the better as this reduces the amount of finance you will need.

Then, like any other credit agreement, you simply pay off the predetermined monthly payments until the loan is finished. One thing to consider before you sign the dotted line is the main purpose you are buying a caravan for. If you are looking to buy one purely to rent out and generate income, a quality used caravan on a good site may be the best option due the inevitable wear and tear it will suffer from its tenants.

If you want a caravan purely to be used by yourself and family for holidays, it can seem sensible to buy a brand new van that you are going to get enjoyment out of for many years. Many are choosing to give up their homes and retire to their caravans, and this is another reason to splash out on a new, modern caravan which offers all the home comforts you are used to but is a great deal more affordable.