Hiring Out Your Motorhome, Is It Worth It?
If you own a motorhome or campervan, you know that it can be quite expensive to keep it on the road. That's why a growing number of motorhome owners in the UK choose to hire out their motorhome to earn back the costs. Some owners are renting out so successfully, that they make a hefty profit from their motorhome hire business.
We're here to help you find the answer to the question "Is it worth hiring out my motorhome?" From how much you can make, to tips on how to go about it, discover some great reasons to rent out your motorhome here.
Why should I hire out my campervan?
A campervan is often one's pride and joy, which is why you may be reluctant to rent it out to strangers. If you feel this way about your vehicle, then why should you still consider hiring out?
The first and foremost reason is to earn an extra income. Many motorhome owners only take their vehicle on the road for a couple of weeks a year, which means it often stands still for long periods of time. Nonetheless, you still have to come up with the funds for its maintenance, insurance, road tax and parking.
All of these costs quickly add up, but can easily be compensated for by turning your motorhome into a passive income generator.
Of course, there's more to gain from hiring out your campervan than cash. By doing so, you actively become part of the sharing economy, which aims at sharing resources we have instead of encouraging us to buy new every time we need something.
By sharing motorhomes that are already on the road, motorhome travel is made more sustainable by decreasing the demand for newly manufactured vehicles.
How can I hire out my motorhome?
Hiring out your motorhome can be overwhelming, especially when doing it for the first time. To take all your worries away, it's recommended to list your vehicle on a motorhome-sharing platform that acts as the middleman.
Hiring out your motorhome on Goboony is completely free, as a service fee is only charged to the person who hires it from you. Furthermore, you get to decide when, to whom and for what price you rent out, but can rely on the support provided by the platform.
Hiring out on Goboony gives you complete peace of mind in knowing that you'll be supported throughout the whole hiring process. From the creation of your listing to making sure your motorhome is insured for peer-to-peer rental supplied by Goboony Day Insurance. Travellers who hire your motorhome can also rely on assistance from the dedicated support team throughout their trip.
How much can I earn by renting out my motorhome?
It's completely up to you! What you make by hiring out mainly depends on how much and for how long you intend to hire out, and on how much you set as your daily hire price. Not sure what's reasonable? A sharing platform will provide recommended pricing based on the value of your vehicle.
In the peak holiday season (July and August 2023) average earnings from a week's hire via Goboony were around £800. For a more specific estimate, calculate what you can earn by hiring out your motorhome here.
Get started hiring out
Create a great listing by adding a good description and photos of your motorhome, and sit back while the booking requests roll in. You can always accept or decline, as you choose the travellers that get to take your campervan on a trip. Whether that's a weekend getaway in the UK or a 3-week road trip across Europe, you control your own calendar. This way you can make the most of hiring out, whilst ensuring your motorhome is always available for your personal travel plans.