Owner guides
Sell your van? Rent it instead: earn more money
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It is possible that due to the consequences of the current economic crisis you have thought about selling your RV, no matter if it is a camper van or a motorhome.
Maybe you weren't using it as much as you planned, or your maintenance and insurance costs have become too high. But you can actually get more money in the medium and long term by renting it than by choosing to sell it. Let us explain why.
Why renting your van is more profitable than selling it
Let's consider that you want to sell a motorhome or campervan, 4 berths and first registered 8 years ago. You could probably sell it for around £14,000 if it was in excellent condition. But if we consider the current state of the economy and market, potential buyers will probably offer less. Plus, you also need to factor in motorhome depreciation. So don’t expect it to be quick and easy.
On the other hand, if you decided to rent the same van with Camplify, in 2 years you would have earned more than £ 14,000 and still be able to sell it at a better time or continue enjoying it for your holidays.
How to calculate what you can earn
Let's consider that after registering your vehicle with Camplify, you put an average rental per night of £ 75 and managed to rent it 100 nights across the season. Not too much, not too little.
After one year renting your van
You would be able to cover your RV expenses (cost of insurance, storage, MOT, etc.) and use the rest for maintenance, upgrades, etc.
Off-Peak Bookings: 60 nights @ £ 60pn x 1 year = £ 3,600
Peak Bookings: 40 nights @ £ 90pn x 1 year = £ 3,600
Total before commission = £ 7,200
Renting your van for two years
You’d have earned more money than the price you were selling it at first.
Off-Peak Bookings: 60 nights @ £ 60pn x 2 years = £ 7,200
Peak Bookings: 40 nights @ £ 90pn x 2 years = £ 7,200
Total before commission = £ 14,400
The third year of renting your van
You’d have enough money in your bank account even to buy another second-hand RV and rent it too.
Off-Peak Bookings: 60 nights @ £ 60pn x 3 years = £ 10,800
Peak Bookings: 40 nights @ £ 90pn x 3 years = £ 10,800
Total before commission = £ 21,600
Check our rental calculator to find out how much you could earn with a specific motorhome or van model.
Costs
The great thing about Camplify is that it is completely free to join and to list. You only pay once you’ve received a paid booking, so we only win when you win! Camplify’s commission is 11%. Eg. for a £1000 booking, Camplify will receive £110.
Insurance
We want to make sure your van is protected at all times whilst on Camplify, so we make sure that all our vans are fully insured for hire. If your own insurer does not cover hire (often referred to as ‘commercial use’) then Camplify offers insurance solutions to cover your RV while on hire.
Prices start at £11 per day for campervans and motorhomes which are being driven. If your RV is not moving or is being delivered, then insurance is cheaper and is charged at 4% of the total hire.
When will you start receiving money?
Once the hirer makes the initial payment, you’ll receive 50% of the booking at the beginning of the hire (Thursday after the booking starts). This is what we call “the initial payment”. The remaining 50% or “final payment” when the hire is completed (Thursday after the booking completes).
Along with the payment, you will be sent a remittance advice detailing what you were paid for.
Benefits of renting your vehicle through Camplify
Over the last years, Camplify has become the largest platform for renting motorhomes, campervans and caravans in Australia, New Zealand and the United Kingdom, with more than 4,000 vans worldwide and growing. We connect owners like you with local and international tourists all of whom are verified to maximise the safety of each hire. Find out more advantages on our owner’s page:
We do not charge you anything for advertising your van.
If you do not have all-risk insurance, we provide you one when you sign up, as we saw before.
We give you a breakdown cover provided by the RAC.
We offer continuous multilingual support, 24/7.
You have complete freedom to approve or reject guests interested in renting your vehicle. Your wheels, your rules.
We provide you with tips and step-by-step guides on how to improve your service and your vehicle to get more and more rentals,
We increase your rental possibilities along the year thanks to our continuous advertising campaigns and contents we publish.
Register your van today
The sooner you register your ad, the sooner it will start receiving visits and bookings. And the more good reviews you get from your tenants, the more attractive your ad will be and the more reservations you will receive. You can even calculate how much you can earn with our free income calculator.
Why waiting when all are advantages? Sign up now.
If you still have questions, want to discuss your income potential with an expert or get more information on how to list your vehicle, call us on ☎ 0330 808 1811 or visit www.camplify.co.uk. We will be happy to help you with everything you need.