Right now the RV industry is booming. More and more people are choosing to put their money in experiences rather than material belongings. Travel is trendy, especially camping and RV-ing. It is a great low-cost way to get out and have an adventure.
People aren’t just taking RVs on the great American road trip or to cross Yellowstone off their bucket list. As music festivals become the place to be, more and more people are grabbing RVs to set up right outside the venue without missing any of the action. Want to hit the theme parks? You can save hundreds by staying in an RV instead of a hotel.
There are so many people looking to purchase or rent an RV right now. If you own an RV, it has never been a better time to rent it out because of the demand for them. Here are four benefits to renting out your RV when you aren’t using it.
1. Cover the Payments
An average class A motor home can rent for anywhere from $100 to $200 a night. By renting your RV occasionally on a regular basis it can easily cover your RV payment, meaning you get to vacation for almost nothing.
2. Fight Depreciation
Like cars, RVs rapidly lose their value with time and use. Some say that an RV is worth only half its original price 6 years after purchase. Take some of the brunt off of the depreciation by having your RV pay for itself.
3. Lower or No Storage Fees
Using a leaseback program with a rental company allows for little to no storage fees. The company has a spacious lot for the fleet they keep, and renting through the company allows you to keep your RV in their lot.
4. Easy Winterizing and Maintenance
Working with a rental company will bring an agreed contract on what maintenance the company will provide, as well as the cost. (Usually it is taken out of the rental profits.) The company has to ensure that each RV they rent is in top shape so you know your RV will be well taken care of even in the off season.
5. Possibility of Turning a Profit
Many RV renters have been so successful in renting that they have decided to turn it into a business. Maybe not a quit-your-job kind of business, but a great side business to help bring in some more money for bigger vacations or a nice nest egg for retirement. Read more about making a profit with NW Adventure Rentals’ Leaseback program
For more information about the leaseback program at Northwest Adventure Rentals, please feel free to browse our website or contact us anytime.
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