THE PROS AND CONS OF WHETHER TO HIRE OR BUY A MOTORHOME (TOURING IN SCOTLAND)
Whether you’re buying or hiring a motorhome, there are both advantages and disadvantages of each. Each interested consumer can choose which option is best for himself.
Advantages and Disadvantages of Buying
You may enjoy driving and owning a motorhome because you travel a lot and stay at many different hotels. When you own a motorhome, you have the freedom to put as much mileage on it as you desire without being penalized with extra mileage charges. You also have an asset that you can’t obtain when you hire. In good economic times, this asset can stay current with its financial value in terms of appreciation and inflation rates. When you own, you can also add whatever types of accessories you want to the motorhome because it’s all yours.
You can even change its colour by painting it if you wish, which you can’t do with a motorhome for hire. One big disadvantage is that it’s going to cost you much more money upfront to purchase the motorhome than it would to simply hire one. And then you will also probably have continuing monthly payments that you have to make on time or else the financial institution that made you the loan can repossess the motorhome, even if you own it. This can put much added stress and financial pressure on the owner of a motorhome and is definitely a disadvantage.
Advantages and Disadvantages of Hiring / Rent a Motorhome
When you hire / rent a Motorhome, you save much more money than if you owned a motorhome, because you’re charged based on both the type of motorhome and the distance you’ll be traveling in it. People who hire / rent a Motorhome usually are only driving to one specific location at a time, so they have far less money to put down in terms of securing the rights to actually use and drive the motorhome. But when you hire / rent a Motorhome, you can’t fix up the motorhome the way you want by adding any new accessories that are permanent because it doesn’t belong to you. It belongs to the motorhome / rental company.
Another disadvantage of motorhome hire / rental is that you’re charged sometimes a daily rate instead of a mileage rate, and this can add up by being quite substantial depending on the specific hiring company and type of motorhome you choose. An advantage of hiring is that you’re not financially responsible for the maintenance and repair of the motorhome. The hire / rent company is. This can save you a lot of money if you do a lot of hiring over the course of several years. Owners of motorhomes have to pay for all the servicing costs that the mechanic charges in order to keep their motorhome in top running condition. But by hiring, you can almost always get a much wider selection of motorhomes to choose from to take your trips at prices far lower than if you bought and owned an upscale, high end model as well.