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 Topic: Do Caravans hold their value £
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10/2/2014 at 9:12pm
Location: Yorkshire
Outfit: Autosleeper Neuvo
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Can anyone help regards a question me and my hubby can't agree with.
I have been told that touring vans hold their money even if you trade in px.....My hubby seems to thinks differently because he thinks tourers will loose like some statics on some sites....
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Thank you 😊
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10/2/2014 at 9:16pm
Location: plymouth
Outfit: fiat trigano tribute 665
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I think that they lose quite a lot in the early years but then settle When I traded my 10 year old in I got just under half of what I paid new
doug
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10/2/2014 at 11:00pm
Location: Midlands
Outfit: Mondeo Avondale Gram
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Like anything. They lose quite a bit of value the instant its no longer new.
As soon as you hand over the money its worth a LOT less.
The longer you keep it the more value you get from it.
Buying one a few years old will save you a packet. But someone has to buy a new one otherwise there wont be any used ones.
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11/2/2014 at 6:28am
Location: Lancashire
Outfit: Caravan now Sold
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just sold ours, if you look after them and keep them spotless yes. in 2004 we bought a 2003 van for £8000 plus £250 for a new full size awning. because I strip down and clean the van from top to bottom each trip it was like new inside. the cooker hob was stripped and cleaned each trip. I put it in the paper at top dollar, should have been £3500 at most for a 2003 caravan. I sold it for £5000 and they are very pleased with it. i threw in all the equipment times 2.barrels cables awnings annexe sleeper. steps large sky and box, television. ect.so in 10 plus years we have only lost £3000.
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the only silly question is the one you do not ask.
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11/2/2014 at 7:48am
Location: Hampshire
Outfit: Hymer Nova S
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You will lose a chunk at PX. An eg, they valued my last van at £7.5 k in the deal but put it on the forecourt at £10k. It readily went but for what I dont know but I doubt it was near what they purchased it for.
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11/2/2014 at 7:59am
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It will lose less if you look after it & keep a service history folder of annual services & damp checks. If you want a shiny new caravan every 3 years you will pay dearly for it. If you can get 10years out of it, a well looked after caravan will alway get a good price in a private sale.
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11/2/2014 at 10:37am
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They say a caravan looses £1000 per year for the first 5 years ?? dont know if true or not .
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Animals have feelings..
JEFF................
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11/2/2014 at 10:57am
Location: sunny south east!
Outfit: Coachman
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Quote: Originally posted by michael on 11/2/2014
just sold ours, if you look after them and keep them spotless yes. in 2004 we bought a 2003 van for £8000 plus £250 for a new full size awning. because I strip down and clean the van from top to bottom each trip it was like new inside. the cooker hob was stripped and cleaned each trip. I put it in the paper at top dollar, should have been £3500 at most for a 2003 caravan. I sold it for £5000 and they are very pleased with it. i threw in all the equipment times 2.barrels cables awnings annexe sleeper. steps large sky and box, television. ect.so in 10 plus years we have only lost £3000.
Did you not pay for the TV,cables etc and such then? Sounds like new that lot would have been quite a few hundreds if not over thousand?
I do agree you can get more for a well looked after van and one loaded with extras that a newbie may well want to get started for example, same as you would for a car.
You will only get that extra if you sell privately and also an element of luck finding the right buyer, you wouldn't have seen any extra over the £3500 book at a PX
Only mentioning all that in relation to OP question
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11/2/2014 at 12:28pm
Location: Midlands
Outfit: Mondeo Avondale Gram
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Thinking back. My van was getting on for 8 years old when i bought it. Paid £4000 for it.
14 years later we still have it. Value for money?
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11/2/2014 at 2:26pm
Location: Lichfield
Outfit: Coachman Amara 450
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The value of any touring caravan will decrease anually and the evidence of this is the touring caravan price guide called 'Glasses' which is a guide used by dealers very similar to the Parkers Price guide for motor vehicles except that there is no average mileage involved. Some people will be lucky when they sell their caravan especially if it's in excellent condition as some will lose very little but for those unfortunate who have to make an insurance claim for any particular reason the company will only pay out the current market price of the caravan disregards how immaculate or well looked after the caravan is. Touring caravans will decrease in value quite rapidly in the first five years as 'Jeff Juke' said but although the value begins to slow down the value each year still decreases. I recently renewed my 1999 (now 15 years old) caravan insurance and last year it was valued at £3200 and now in 2014 is currently valued at £2800 so it has devalued by another £400 just in one year.
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11/2/2014 at 5:11pm
Location: None Entered
Outfit: TBC
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I've been looking for some months at the financial viability of having a caravan....in fact, truth be told, I have a spreadsheet, where I've tried to work out the cost of owning one.
I guess one way to look at this would be "Do (non-caravan) holidays depreciate?" - of course they do. Nothing is for free, but you can adjust the cost to you by buying certain models of 'van, buying second-hand, buying one that needs work (and repairing it), as others here have suggested.
Keep in mind that you could also be staring down the barrel of other costs, which soon add up:
Storage, insurance, servicing, tyres, accessories, awnings....
Another one to keep in mind is how often you are likely to change your car - a new tow bar can cost hundreds (pricing my own S-Max up, I'm looking at ~£600, for a detachable with appropriate electrics kit and fitting).
On my reckoning, there isn't that much in it between a couple of non-van holidays for my family of 3 and owning a caravan. the difference being that a) you can go away more frequently at incrementally little cost and b) you get to create your own caravan memories! Something I have from my parents and something I want my little lad to also experience.
You CAN of course, do things cheaper, just as you CAN go on holiday for less....it's more about what you WANT, I reckon!
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11/2/2014 at 5:50pm
Location: Cheshire
Outfit: Elddis Avante 636
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I think it also depends what layout and how well you look after it inside and out. We bought a 2009 6 berth in June 2010 and sold July 2013 and lost around £1200 on original purchase price and we also got a twin axle mover thrown in with new van so we were very pleased!
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12/2/2014 at 8:33pm
Location: Teesside
Outfit: Mitsubishi ASX4
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I've just sold my van, and after 6 years I have lost £7k. I possibly could have got more, but it has gone to a very good home, and each viewing took a half day of my time. It sold in a week.
I got £1k more than the dealer would offer, and without a trade in there was a dealer discount of £1k on a new Bailey Pursuit, so a total of £2k better off.
I have kept a record of how often we have used the van, and over that 6 years it has cost us £30 per night. Add to that about £20 per night for campsite fees, plus extra for diesel when towing and I think we have still had very good value. Compared to a hotel it is cheap, and when one has to add on the cost of buying meals out and the freedom of the caravan, it has served us well.
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12/2/2014 at 9:33pm
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The caravans that depreciate the least are the poptop Eriba Tourings. Early 90s & older are in fact going up in value. About 6yrs ago you could have had an 80s Eriba Pan for about £2k now they are going on ebay for £3.5k. A mid 90s Troll or Triton will fetch £5k or more, they probably cost that new. Which is odd because although very well constructed they are not really the caravan most people would choose.
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12/2/2014 at 9:44pm
Location: Cheshire
Outfit: Elddis Avante 636
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Rear dinette with rear fixed triple bunks on a single axle are very hard to come by used and with many manufacturers switching to double bunks there just aren't many around. This is why ours held its value so well it also had a shower cubicle rather than wet room which is apparently desirable too.
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