Once you crunch the numbers you might discover that buying a static caravan is actually more financially viable than you realised.
If you factor in the combination of your own personal caravan holidays, together with the potential of privately renting it out, your static caravan purchase could at a minimum pay for itself, or even turn a profit.
In the current climate it is a fact that ‘Staycations’ are rapidly on the rise. It is already estimated that at least 35 percent of Brits do holiday in the UK anyway.
The cost to purchase a static caravan will of course vary depending on whether it’s brand new, or preowned, together with it’s location and park facilities.
It is possible to seek funding to finance the purchase of your second home which can make more sense if you are planning to sublet it.
In high season it could cover any repayments plus maintenance fees – in effect the investment potentially pays for itself.
Very importantly, in the long term if you were to compare the actual costs of taking any holidays throughout the year, it could make better financial sense to buy your own caravan.