Is It Worth Hiring Out My Campervan?

If you’re a campervan owner who doesn’t use your vehicle all year round, you might be wondering: ‘Is it worth hiring out my campervan?’.

In short, the answer is yes – hiring out your campervan is an excellent way to earn some extra cash and will easily offset the cost of insuring and servicing the vehicle.

Unfortunately, if you’ve purchased your campervan on finance, you won’t be able to hire it out until it’s been paid off in full – but it doesn’t hurt to plan ahead if it’s something you’re considering for later down the line.

In this guide, we’ll help you decide whether hiring out your campervan is the right choice for you, outlining the benefits as well as the potential drawbacks you’ll need to consider.

What are the benefits of hiring out my campervan?

From easily increasing your income to sharing the joys of campervanning with other holidaymakers, there are many reasons that hiring out your campervan is worth it.

1. Additional income

Hiring out your campervan is an easy way to earn some extra cash. According to campervan rental experts Camplify, you could make up to £10,000 a year from hiring out your vehicle if you do it often enough.

2. Staycations are more popular than ever

As the cost of living remains high and budgets remain tight, many people are looking to holiday in the UK rather than going abroad. This makes it a great time to be hiring out your campervan.

3. Offset the cost of insurance and servicing

Insuring and servicing your campervan each year can be costly, but hiring the vehicle out for just a few weeks will allow you to make these costs back.

4. Upgrade to a newer model

If you’re trying to save up for a newer model, hiring out your campervan will help you build up the funds you need. Plus, you’ll be able to justify the expense knowing the vehicle will pay for itself in the months you rent it out.

5. Get the most out of your campervan

By hiring out your campervan instead of letting it gather dust on your driveway, you can share the joys of campervanning and know that you’ve played a part in helping other holidaymakers create memories.

What do I need to consider before hiring out my campervan?

Although there are plenty of advantages to hiring out your campervan, you should consider these points before going ahead:

1. You’ll have fewer opportunities to use your campervan

Of course, hiring out your campervan means you will have fewer opportunities to use it yourself. However, this shouldn’t be a problem if you don’t use your campervan all the time – you can simply choose to only advertise the vehicle as available on dates when you don’t need it.

2. You’ll need to be comfortable with sharing your campervan

Think carefully about whether you’re happy to have someone you don’t know staying in your campervan. If you hire out your campervan through a third party company, they will typically do background checks on potential hirers to give you peace of mind.

3. You’ll need to keep on top of the business side of things

Hiring out your campervan comes with a range of responsibilities. You’ll need to keep on top of queries from hirers, keep the vehicle in top condition, and make sure you have time for a full handover at the start of any new hire.

4. You’ll need to take out the right campervan insurance

Comprehensive hire insurance is needed if you’re planning to hire out your campervan. This will ensure your vehicle is covered against damages, accidents, or theft. 

5. You’ll need to keep up with maintenance and repairs

Your campervan should be in pristine condition for hirers, which means you’ll need to stay on top of maintenance and deal with any repairs swiftly. You’ll need to have an annual habitation check to ensure your campervan is still safe for use, but this would need to be done anyway regardless of whether you were renting out your campervan or not.

You should also make sure you have proper campervan security measures in place to protect against theft and break-ins, such as alarms and window locks.

Is it easy to hire out a campervan?

You can rent out your campervan yourself but there are many companies out there who will take care of most of the rental process for you, which could save you a great deal of time and effort. These companies will help find renters and sort out the scheduling, with many also providing valuable due diligence services by checking the driver’s licence and insurance of potential renters.

However, bear in mind that you’ll still have to clean, prepare, and hand over the keys to your renters yourself. This is likely to take up a fair bit of time, so make sure you’re able to commit before listing your campervan as available to rent.

Finance your next campervan with Auto Finance Online

Looking to purchase a new campervan? At Auto Finance Online, we can help you secure your dream vehicle at an affordable price.

Our goal is to make campervan finance completely stress-free, which is why we’ll take care of everything from liaising with the dealer on your behalf to securing the lowest possible interest rate from our large panel of lenders.

Start your campervan finance application today or get in touch to find out more about how the process works.