Deciding on whether to put your money on a New Vs Used Caravan can be a daunting task. A caravan isn’t an overnight thought, and there is an entire list of elements to think about when choosing a New Vs Used Caravan. What are the pros and cons of each? Read on to dig up more information from Beacon Storage, a secure Melbourne Caravan Storage provider.
Purchasing a new caravan
Pros
Easy access to latest advancements
New caravans are built with the newest technology, and most will incorporate safety features, customs layouts, and modern designs. They are also more agile, lighter and have enhanced suspension to make travelling comfortable compared to their older counterparts. If your new caravan features new technology such as solar panels, keep it in a secure Melbourne Caravan Storage facility to protect it.
Free from problems
A new caravan is usually outsourced directly from the manufacturer with no previous owners. You are guaranteed of a vehicle with no mechanical problems or accident history.
Warranties
Warranties on new caravans are an added advantage. Should the new caravan develop mechanical problems before the warranty period is over, the owner will have it fixed on the manufacturer’s account.
Cons
High pricing
The biggest drawback tagged to purchasing any new product is its buying price. A new caravan is going to fetch a high cost owing to its pristine condition.
High depreciation rate
Some assets are prone to depreciate, and a caravan isn’t an exception. All caravans whether old or new will depreciate. However, new caravans tend to depreciate higher by about 40% of its purchasing value only after two years.
Higher insurance
With the high purchasing and maintenance value of a new caravan, the high cost is likely to reflect on the insurance cover. To lower insurance costs, keep your caravan in a secure Melbourne Caravan Storage facility.
Purchasing a used caravan
Pros
Inexpensive to acquire
Contrary to buying a new caravan, used options are cheaper. They can get as cheap as half its original buying price. It becomes a great bargain for those looking for economy caravans.
Come with pre-installed features
The previous owner may have been enthusiastic about developing and enhancing the used caravan with some features and equipment. For instance, a used caravan may come pre-installed with kitchen items or a music system that the original owner chooses to leave inside the trailer.
Cons
May come with additional problems
A used caravan has been maintained in various hands that you know nothing about. Although it’s obvious that you will notice a few scratches or dents, mechanical problems tend to stay hidden until you begin driving the vehicle.
May turn up to be expensive
Depending on the condition of the used caravan, it may demand additional cosmetic repairs, mechanical repairs, and vehicle part replacements. All these overall expenses will make buying a used caravan an expensive affair.
Difficulty finding the ideal piece
You may find it difficult finding a used caravan that has the exact expectations and requirements you desire. This is mainly due to older models being phased out, and some already have current owners.
These above-discussed points surrounding the topic New Vs Used Caravan should help you decide. Your use for the caravan should play a key role in helping you arrive at a decision. Remember, no matter what kind of caravan you buy, to store it in a safe and secure Melbourne Caravan Storage option.