So we’ve got a credit crunch, financial crisis, recession, call it what you will. But how does this affect you and your camper van? Lets go through the campervan factors and see where you are better, and worse off.
Because irresponsible, highly paid financial investors have taken way too many risks with our money, there is now a big financial problem. Great, thanks. So lets get on with our lives, and see where we gain and lose with your campervans.
Vehicle Prices
Vehicles, like panel vans for you’re own conversions, are much cheaper now than they were a year ago. The more expensive the vehicle (the newer it is) the more you can save now. A £500 Ford Transit van from last year is still £500, but that £10,000 Mercedes Sprinter is now £8,000. Dealers are keen to clear stock, especially if new models are coming. So it’s a good time to buy newer vehicles.
The used vehicle market has also taken a knock, so if you’re looking to buy have a good look around. Dealers, especially smaller ones, will be looking to clear stock, especially if sales have dried up. So have a good look around, and see who is selling off the bargains.
It’s a buyers market right now.
Camper Van Prices
Campervans are not a typical vehicle, and prices of new models won’t be that much cheaper than last year. However, many people who consider their campers a luxury may be selling sell them. So you can find yourselves a bargain if you’re buying.
On the flip-side, many people who would take holidays abroad are now buying and renting campervans to enjoy cheaper holidays at home. So it is easy to sell your camper van, but maybe you won’t get the price you were hoping too.
Fuel Costs
Fuel costs (i.e. crude oil prices) are always at “what the market can afford” and right now the prices are US$40 a barrel, which is the cheapest they have been in 10 years. The greedy oil companies know people won’t pay for high fuel.
So prices are much lower than last year, great. We can expect those prices to steadily climb up again when things recover financially, but for now enjoy filling your tank up, and taking long trips.
Exchange Rates
Exchange rates are one of the biggest factors to consider for your overseas trips. The British Pound has fallen dramatically against the Euro. From €1.4 to £1, to €1 to £1.
For Brits this is bad news. Travelling anywhere in the Eurozone is now more expensive. For those outside of Britain, now is the time to visit. This is probably the cheapest time to visit Britain there will ever be.
Brits should also consider countries outside of the EuroZone. There aren’t too many close by, but Morocco and Turkey are still more affordable.
Accessories & Parts
Prices for accessories and parts are still the same price as last year. We’re unlikely to see an increase in prices, and companies need to maintain their cash flow.
You local camping shop is probably running special offers, especially to clear stock, so have a good look around as there are bargains to be had.
Insurance
Insurance prices have stayed steady, but many companies are offering discounts to tempt you to go with them, in the hope of retaining your business in the future. Get lots of quotes and you should find your policy a little cheaper than last year
The Post Office offer excellent rates for van insurance.
Camping costs
Campsites are not going to raise their prices. In places like the Algarve in winter, many campsites could offer small discounts to tempt customers. Keep a look out for discount signs.
If you’re traveling to the continent from Britain, exchange rates will cause everything to be more expensive. If you’re coming to Britain things will be cheaper than in the past.
Free camping is a great way to keep costs down, so if you haven’t tried it, it’s worth having a go and see how you like it.
Whatever you do, get out there and enjoy your camper van.
