Renting Out Your RV or Camper: Is It Financially Beneficial?
Renting out your motorhome or campervan on platforms like Goboony can be a lucrative way to offset ownership costs or generate income. The earnings potential depends on various factors, such as the type, size, and condition of your vehicle, seasonality, and location.
For instance, a two-berth campervan could earn between £75 and £115 per day, while an older van might fetch £58 to £75 per day. A luxurious A-Class motorhome could be hired for up to £155 per day during the summer months.
Goboony does not charge any fees to private owners; instead, they apply a 17.5% service fee to the traveller (renter), meaning your listed rental price is mostly what you keep before any costs like cleaning or additional mileage charges. This enables you to set your own competitive prices within market norms and potentially offer discounts for longer rentals.
Weekly mileage limits and fees for extra kilometres, cleaning fees, insurance coverage, seasonality and demand, and the number of days you keep the motorhome rented out are other factors influencing earnings. For example, a cleaning fee might be £51 per booking, and an extra kilometre might cost £0.20.
Goboony's insurance covers peer-to-peer hire, including coverage across the UK, breakdown and theft, and an additional named driver. This reduces the risk for owners but may impact rental cost structures.
Demand for hiring motorhomes is far outstripping supply, and there's a current boom in motorhoming, making hiring them more popular. Sharing platforms like Goboony handle everything for you when you hire out your motorhome or campervan, and they bring potential customers to the motorhome owner, reducing the need for marketing efforts.
When renting out a motorhome on Goboony, the owner must declare their earnings to HMRC if they exceed the tax threshold. Companies can advise and mediate in case of disputes, and using a platform for motorhome hire may limit the freedom for last-minute trips.
For more detailed insight, Goboony's blog and owner FAQs offer guidance on earnings, costs, and how to optimize your rental strategy. On average, an advertiser on Goboony earns £4750 per year from hiring out their campervan. With careful planning and strategic pricing, renting out your motorhome or campervan could potentially bring in several hundred to a few thousand pounds per month.
- Engaging in home-and-garden activities might seem less profitable compared to renting out a motorhome or campervan on platforms like Goboony, as the latter could potentially bring in several hundred to a few thousand pounds per month.
- Writing a blog post about travel experiences could be easier than helping a friend plan their next trip, considering that the average Goboony advertiser earns £4750 per year from renting out their campervan.
