Do Converted Campervans Hold Their Value?
If you love adventures, the great outdoors and getting up-close-and-personal with nature, then you may be considering purchasing a campervan. Campervans enable you to have a home away from home, with everything you need in one, portable place. With the price of a converted campervan in the UK averaging between £20,000 and £120,000 depending on the specification, it’s a purchase that takes a lot of consideration.
So, do converted campervans hold their value? If you’re prepared to keep your campervan in good condition, then it’s more likely to hold its value. The resale price of your campervan will depend on a variety of factors, including the manufacturer, model, age, miles and overall condition.
To help you decide if a new converted campervan is the right decision for you, our helpful team of experts at Mint Campers have written this short guide for you to explore. At Mint Campers, we specialise in bespoke and luxurious campervan conversions, so know all-too-well the economy of campervans, and how to make the right choice for you and your budgets. Simply keep reading to learn more…
Is Converting A Campervan A Good Investment?
If you own a van and you’re thinking about converting it into a campervan, you may be wondering if this investment is really worth the time and effort. After you’ve purchased your base van, the typical cost to convert it fully into a campervan can be anywhere from £20,000 to £50,000, depending on what type of finish you want. If you want to purchase an already converted van, then your price range can be anywhere from £20,000 to £120,000 depending on age, quality of finish, miles, model and more. The more luxurious you want your van, the more costly it will be.
As reported by Auto Trader, converted campervans and motorhomes do keep their value longer than cars, but they will begin to lose value over time. If you keep your van in top condition, with as low miles as you can, then it’s likely that your van will retain around 70% of it’s value by the time you want to resell it. With that in mind, converting a campervan is a good investment if you’re willing to keep on top of maintenance, and keep records of any servicing the vehicle has had.
That being said, we believe that the real value from your campervan comes from the time, enjoyment and memories you make with it. You’ll be able to enjoy a new sense of freedom, explore a variety of new locations, stay in touch with nature and more in your new, portable home. The memories you make from these affordable holidays are limitless, and will no doubt enrich your free time with an endless list of new experiences.
How Quickly Do Campervans Lose Their Value?
As with any vehicle, converted campervans will eventually lose their value, but the nature of how much will depend on external factors. The going-rate of your van will depend on:
Its age
Overall condition
Any damages
Miles
Market interest
Service and maintenance history
Its amenities
If you bought your campervan brand new, then you can expect the value to drop around 20% within the first year, as a general rule explained by Camplify. However, if you keep your van in great condition, it’s likely that it’ll keep 70% of its value when you’re ready to resell it. If your van is older than 10 years, however, this value may be significantly lower.
What Are The Cons Of Converting A Campervan?
As with any investment, there are downsides to consider before making your purchase. From needing to maintain your van regularly to ensure that it doesn’t lose its value, to voiding your vans warranty if you purchase the van as new yourself before converting, there are many factors to consider to ensure that your investment is safe.
The most common factors that come into play that could be a potential risk for depreciating your van's value include water or electrical damage, which can have the most significant impact on the worth of your van, or a damaged exterior. Altogether, the cost of your investment doesn’t just include the van itself, but its variety of regular maintenance to ensure that it remains healthy throughout its lifespan.
Find Your Dream Campervan With Mint Campers
If you’re looking for a new campervan, then look no further. At Mint Campers, we specialise in bespoke, luxury campervan conversions. With hand-fitted fixtures, we’re focused on all the details that turn a campervan into a travel home. For more information about what we do, contact us today. Alternatively, you can explore what vans are currently available for purchase, or explore what fixtures you’d like in your own custom campervan. We’re ready to turn your campervan dreams into an adventurous reality.
