A holiday caravan should be purchased with one aim and one aim only: to enjoy quality time on holiday. We approached the purchase intending to acquire a base from which to enjoy family holidays and to attend key local events such as Cowes Week. This is a classic example of purchasing a caravan for the right reasons.
We also intended to offer the caravan to My Holiday Caravan employees, family and close friends. You can read about these visits in our dedicated visitors' blog.
As a result, we did not sublet our holiday caravan, although this is an option for people who want to recoup some of the caravan's annual running costs. It should be noted, however, that a holiday caravan purchase should not be approached with a view to making a profit by subletting it. This is unlikely to be the outcome.
Instead, subletting is a great way to recoup some of your annual expenditure. Tax relief may also be made available to owners who decide to sublet.
Different park operators have different policies when it comes to subletting. Park Resorts operate their own scheme known as Letting
You Earn. This includes:
- Priority bookings
- Insurance contributions
- Damage protection
- Inventory protection
Park Resorts also allow owners to manage the process themselves. This has the benefit of incurring no commission from the park, but also means that you do not take advantage of any of the perks offered by their schemes.
This option is best for people with a lot of existing contacts, whom you will be able to sublet your caravan to.
Remember that subletting will restrict your own use of the caravan, and may incur damage within the unit that will need to be sorted out before it can be used again. For more detailed information on subletting, check out our dedicated guide.