Home

   Log in or Register



Insurance Quotes
forums Campsite Search Comp Directory tips virtual brochure Profile
Tent and Awning Reviews Competitions Caravans and Motorhomes For Sale Shopping Diary Contact Us

Advertisement

Message Forums

Welcome Guest Register Login Search The Forum Posts Since Last Visit
 Reception - All Forums
  Motorhomes and Campervans
Share   Tweet This!  Share on Facebook  Email  Printer Friendly Version Print

Motorhome Protect - Get a motorhome or campervan quote - call 01865 818345
From adventures in Europe, to summertime retreats in the UK - there is no better way to experience all this than in your motorhome or campervan. Get a quote today by calling our team on 01865 818345 or visit our website
Subject Topic: Renting out my van thatís on finance
Page:  1  2 Post Reply Post New Topic
Message posted by Andyoz1000 via mobile 03/7/2022 at 5:41pm
Outfit:  None Entered     Location:  
Joined: 03/7/2022
View Andyoz1000's Profile View Profile   Reply to Andyoz1000 Reply   Quote Andyoz1000 Quote  
Andyoz1000
Avatar
Standard Member
Standard Member

Forum Posts:   5

Site Reviews Total: 0
Site Reviews 2022: 0  
Site Reviews 2021: 0  
Site Reviews 2020: 0  
Site Reviews 2019: 0  
Site Reviews 2018: 0  
Site Nights 2022: 0
Site Nights 2021: 0
Site Nights 2020: 0
Site Nights 2019: 0
Site Nights 2018: 0

Iíve recently bought a T6 camper on finance which Iíd like to occasionally rent out. My finance agreement states that the van canít be rented out without prior permission. Obviously I would take out a self drive daily cover insurance for anyone renting my van, but Iím wondering whether the policy would be void if the insurance company found out I hadnít informed the finance company. The V5 is in my name and nothing Iíve read in any self drive policyís state that I have to gain permission from the finance company, Iíve searched the internet and canít find any examples or mention of this scenario.
Judging by the number of motor homes and camper vans that must be on finance, and the amount now being rented out on sites like Canptoo, Go Boony etc, if this was a problem I would have thought there would be something on it. Does this mean that my agreement with the finance company and my agreement with the insurance company are completely separate, and not having permission from the finance company wouldnít affect the cover?
Has anyone had any experiences with this or tried to gain permission from the finance company to rent out your van.
Any comment or advice would be appreciated,

Message posted by Finder03/7/2022 at 7:11pm
Outfit:       Location:  
Joined: 12/1/2019
View Finder's Profile View Profile   Reply to Finder Reply   Quote Finder Quote  
Finder
Avatar
Silver Member
Silver Member

Forum Posts:   139

Site Reviews Total: 1
Site Reviews 2022: 0  
Site Reviews 2021: 1  
Site Reviews 2020: 0  
Site Reviews 2019: 0  
Site Reviews 2018: 0  
Site Nights 2022: 0
Site Nights 2021: 2
Site Nights 2020: 0
Site Nights 2019: 0
Site Nights 2018: 0

I imagine that if your finance company want you to ask permission, that is what you need to do. Why would all companies have the same conditions? Did you not check before accepting the Finance agreement?

Motorhome Protect - Get a motorhome or campervan quote - call 01865 818345
From adventures in Europe, to summertime retreats in the UK - there is no better way to experience all this than in your motorhome or campervan. Get a quote today by calling our team on 01865 818345 or visit our website

Message posted by seanfdh03/7/2022 at 8:19pm
Outfit:  Robens Fairbanks Coleman Phad X3      Location:  North Devon
Joined: 20/2/2011
View seanfdh's Profile View Profile  Visit homepage My Homepage   Reply to seanfdh Reply   Quote seanfdh Quote  
seanfdh
Avatar
Diamond Member
Diamond Member

Forum Posts:   1669
Tent Reviews:   2

Site Reviews Total: 17
Site Reviews 2022: 0  
Site Reviews 2021: 1  
Site Reviews 2020: 0  
Site Reviews 2019: 4  
Site Reviews 2018: 2  
Site Nights 2022: 0
Site Nights 2021: 2
Site Nights 2020: 0
Site Nights 2019: 13
Site Nights 2018: 6

I would ask the finance company and your insurers. But you do you.

-------------
Sean

Message posted by Andyoz1000 via mobile 03/7/2022 at 10:03pm
Outfit:  None Entered     Location:  
Joined: 03/7/2022
View Andyoz1000's Profile View Profile   Reply to Andyoz1000 Reply   Quote Andyoz1000 Quote  
Andyoz1000
Avatar
Standard Member
Standard Member

Forum Posts:   5

Site Reviews Total: 0
Site Reviews 2022: 0  
Site Reviews 2021: 0  
Site Reviews 2020: 0  
Site Reviews 2019: 0  
Site Reviews 2018: 0  
Site Nights 2022: 0
Site Nights 2021: 0
Site Nights 2020: 0
Site Nights 2019: 0
Site Nights 2018: 0

I was under the impression that this clause is in all finance agreements?
When I took out the finance I wasnÔŅĹt intending on renting the van out, itÔŅĹs something I am thinking about now.

Message posted by Fiona W via mobile 03/7/2022 at 10:03pm
Outfit:  Autosleepers: Clubman > Nuevo.     Location:  Ayrshire
Joined: 10/4/2007
View Fiona W's Profile View Profile   Reply to Fiona W Reply   Quote Fiona W Quote  
Fiona W
Avatar
Diamond Member
Diamond Member

Forum Posts:   3764
Tent Reviews:   1

Site Reviews Total: 202
Site Reviews 2022: 6  
Site Reviews 2021: 10 
Site Reviews 2020: 4  
Site Reviews 2019: 9  
Site Reviews 2018: 18 
Site Nights 2022: 15
Site Nights 2021: 25
Site Nights 2020: 20
Site Nights 2019: 28
Site Nights 2018: 30

The finance company owns part of the camper until you pay it off. Of course they want to know that their property will be covered by the insurance. If you owned part of a house, wouldnít you want to know that the insurance covered the damage caused by the idiots renting it & trashing it?

-------------
2022 - 6 sites, 15 nights. 2021 - 11 / 29. 2020 - 4 / 20. 2019 - 13 / 35. 2018 - 20 / 33. 2017 - 10 / 22. 2016 - 19 / 33. 2015 - 15 sites / 27 nights. Didn't count 1976 to 2014.

Motorhome Protect - Get a motorhome or campervan quote - call 01865 818345
From adventures in Europe, to summertime retreats in the UK - there is no better way to experience all this than in your motorhome or campervan. Get a quote today by calling our team on 01865 818345 or visit our website

Message posted by Andyoz1000 via mobile 03/7/2022 at 10:06pm
Outfit:  None Entered     Location:  
Joined: 03/7/2022
View Andyoz1000's Profile View Profile   Reply to Andyoz1000 Reply   Quote Andyoz1000 Quote  
Andyoz1000
Avatar
Standard Member
Standard Member

Forum Posts:   5

Site Reviews Total: 0
Site Reviews 2022: 0  
Site Reviews 2021: 0  
Site Reviews 2020: 0  
Site Reviews 2019: 0  
Site Reviews 2018: 0  
Site Nights 2022: 0
Site Nights 2021: 0
Site Nights 2020: 0
Site Nights 2019: 0
Site Nights 2018: 0

So you think itís simply a case of informing them and showing I have adequate self drive insurance and they will then grant permission?

Message posted by Bernie4703/7/2022 at 10:20pm
Outfit:  C-Max Titanium Outwell Vango etc.     Location:  Scottish Borders
Joined: 05/7/2006
View Bernie47's Profile View Profile   Reply to Bernie47 Reply   Quote Bernie47 Quote  
Bernie47
Avatar
Diamond Member
Diamond Member

Forum Posts:   5392
Tent Reviews:   1

Site Reviews Total: 13
Site Reviews 2022: 0  
Site Reviews 2021: 0  
Site Reviews 2020: 0  
Site Reviews 2019: 0  
Site Reviews 2018: 0  
Site Nights 2022: 0
Site Nights 2021: 0
Site Nights 2020: 0
Site Nights 2019: 0
Site Nights 2018: 0

You have obviously taken out personal finance rather than business finance so you must comply with the regulations.

-------------
Bernie

Message posted by Andyoz1000 via mobile 03/7/2022 at 10:24pm
Outfit:  None Entered     Location:  
Joined: 03/7/2022
View Andyoz1000's Profile View Profile   Reply to Andyoz1000 Reply   Quote Andyoz1000 Quote  
Andyoz1000
Avatar
Standard Member
Standard Member

Forum Posts:   5

Site Reviews Total: 0
Site Reviews 2022: 0  
Site Reviews 2021: 0  
Site Reviews 2020: 0  
Site Reviews 2019: 0  
Site Reviews 2018: 0  
Site Nights 2022: 0
Site Nights 2021: 0
Site Nights 2020: 0
Site Nights 2019: 0
Site Nights 2018: 0

I was trying to find out whether the finance company are likely to grant permission providing i have adequate insurance, Iím sure other people have similar clauses in their finance agreements so was hoping someone could let me know if they managed to gain permission.

Message posted by iank0104/7/2022 at 9:09am
Outfit:  Buccaneer Cruiser     Location:  Worcestershire
Joined: 30/6/2004
View iank01's Profile View Profile   Reply to iank01 Reply   Quote iank01 Quote  
iank01
Avatar
Diamond Member
Diamond Member

Forum Posts:   3494

Site Reviews Total: 4
Site Reviews 2022: 0  
Site Reviews 2021: 1  
Site Reviews 2020: 0  
Site Reviews 2019: 0  
Site Reviews 2018: 0  
Site Nights 2022: 0
Site Nights 2021: 10
Site Nights 2020: 0
Site Nights 2019: 0
Site Nights 2018: 0

As you are renting it out, the insurance will need to operated as a business and not private. Also you will need to notify the DVLA that the vehicle will be used commercially as it is then in a different tax bracket. Also HMRC as there may be a VAT to be paid plus you will need to pay tax on any profits.
Ultimately to may need to register as a business with companies house. Renting out as a sole trader means that if the vehicle is involved in a mishap, you could be responsible for all costs and end up losing your home. Be very careful!

Message posted by Fiona W via mobile 04/7/2022 at 10:17am
Outfit:  Autosleepers: Clubman > Nuevo.     Location:  Ayrshire
Joined: 10/4/2007
View Fiona W's Profile View Profile   Reply to Fiona W Reply   Quote Fiona W Quote  
Fiona W
Avatar
Diamond Member
Diamond Member

Forum Posts:   3764
Tent Reviews:   1

Site Reviews Total: 202
Site Reviews 2022: 6  
Site Reviews 2021: 10 
Site Reviews 2020: 4  
Site Reviews 2019: 9  
Site Reviews 2018: 18 
Site Nights 2022: 15
Site Nights 2021: 25
Site Nights 2020: 20
Site Nights 2019: 28
Site Nights 2018: 30

I have seen Motorhomes on Airbnb so I doubt itís too complicated. Some agencies that advertise in the club magazines cover the insurance.
As has been said, just phone both companies & ask! It would be quicker than waiting on here for the answer you want.
Oh, and let us know the outcome so the next person doesnít need to ask the same question.

-------------
2022 - 6 sites, 15 nights. 2021 - 11 / 29. 2020 - 4 / 20. 2019 - 13 / 35. 2018 - 20 / 33. 2017 - 10 / 22. 2016 - 19 / 33. 2015 - 15 sites / 27 nights. Didn't count 1976 to 2014.

Motorhome Protect - Get a motorhome or campervan quote - call 01865 818345
From adventures in Europe, to summertime retreats in the UK - there is no better way to experience all this than in your motorhome or campervan. Get a quote today by calling our team on 01865 818345 or visit our website

Message posted by iank0104/7/2022 at 10:41am
Outfit:  Buccaneer Cruiser     Location:  Worcestershire
Joined: 30/6/2004
View iank01's Profile View Profile   Reply to iank01 Reply   Quote iank01 Quote  
iank01
Avatar
Diamond Member
Diamond Member

Forum Posts:   3494

Site Reviews Total: 4
Site Reviews 2022: 0  
Site Reviews 2021: 1  
Site Reviews 2020: 0  
Site Reviews 2019: 0  
Site Reviews 2018: 0  
Site Nights 2022: 0
Site Nights 2021: 10
Site Nights 2020: 0
Site Nights 2019: 0
Site Nights 2018: 0

Quote: Originally posted by Fiona W on 04/7/2022
I have seen Motorhomes on Airbnb so I doubt itís too complicated. Some agencies that advertise in the club magazines cover the insurance.
As has been said, just phone both companies & ask! It would be quicker than waiting on here for the answer you want.
Oh, and let us know the outcome so the next person doesnít need to ask the same question.



That is the other way to do it and get a company to rent it out on your behalf. They take a cut but they take all the responsibilities. I must admit I would never dream of offering our motorhome or caravan for rent as it is our pride and joy.

Message posted by Colin2104/7/2022 at 1:50pm
Outfit:  1992 Elddis Wisp 450CT + X Trail     Location:  East Herts
Joined: 05/11/2013
View Colin21's Profile View Profile   Reply to Colin21 Reply   Quote Colin21 Quote  
Colin21
Avatar
Diamond Member
Diamond Member

Forum Posts:   5241

Site Reviews Total: 14
Site Reviews 2022: 0  
Site Reviews 2021: 2  
Site Reviews 2020: 0  
Site Reviews 2019: 2  
Site Reviews 2018: 3  
Site Nights 2022: 0
Site Nights 2021: 18
Site Nights 2020: 0
Site Nights 2019: 21
Site Nights 2018: 18

I would do an awful lot of very careful research before you even think about renting out a campervan. I would imagine the insurance costs would be horrendous as the risks are extreme. You could have someone rent it, drive it straight into a container, and ship it abroad in less than 24 hours! If you had rented it out for a week you wouldn't know it was missing until it didn't come back a week later. Not something I would even contemplate.

I once had a Mazda Bongo and it got stolen from outside my house. I knew it was missing within hours and reported it straight away. I think that went abroad as no trace of it was ever found.


-------------
Best Regards,
Colin

Message posted by AUSTINS14/7/2022 at 7:56pm
Outfit:       Location:  
Joined: 22/5/2011
View AUSTINS's Profile View Profile   Reply to AUSTINS Reply   Quote AUSTINS Quote  
AUSTINS
Avatar
Platinum Member
Platinum Member

Forum Posts:   1243
Tent Reviews:   1

Site Reviews Total: 10
Site Reviews 2022: 0  
Site Reviews 2021: 1  
Site Reviews 2020: 0  
Site Reviews 2019: 1  
Site Reviews 2018: 1  
Site Nights 2022: 0
Site Nights 2021: 31
Site Nights 2020: 0
Site Nights 2019: 5
Site Nights 2018: 1

I can only think that nothing I owned wholly or on H.P. would ever be driven by anyone other than myself. Baring a total van failure and the need for it to be rescued.

If you are seriously thinking of doing this without informing your insurance or finance companies it would be unfair / dishonest to do so. When you take out your insurance I know you have to name any additional driver.

Please think about this before just doing it.

-------------
Fish like a matchman <*))))><

Message posted by Robdought14/7/2022 at 11:04pm
Outfit:  Fiat Gazelle Motorhome     Location:  South Yorkshire
Joined: 16/7/2008
View Robdought's Profile View Profile   Reply to Robdought Reply   Quote Robdought Quote  
Robdought
Avatar
Standard Member
Standard Member

Forum Posts:   48

Site Reviews Total: 5
Site Reviews 2022: 0  
Site Reviews 2021: 0  
Site Reviews 2020: 0  
Site Reviews 2019: 0  
Site Reviews 2018: 0  
Site Nights 2022: 0
Site Nights 2021: 0
Site Nights 2020: 0
Site Nights 2019: 0
Site Nights 2018: 0

This question has No No No written all over it.



-------------
It's nice to be important. But its more important to be nice.

Message posted by Andyoz1000 via mobile 15/7/2022 at 8:30am
Outfit:  None Entered     Location:  
Joined: 03/7/2022
View Andyoz1000's Profile View Profile   Reply to Andyoz1000 Reply   Quote Andyoz1000 Quote  
Andyoz1000
Avatar
Standard Member
Standard Member

Forum Posts:   5

Site Reviews Total: 0
Site Reviews 2022: 0  
Site Reviews 2021: 0  
Site Reviews 2020: 0  
Site Reviews 2019: 0  
Site Reviews 2018: 0  
Site Nights 2022: 0
Site Nights 2021: 0
Site Nights 2020: 0
Site Nights 2019: 0
Site Nights 2018: 0

Interesting as this is the first time Iíve been on a forum.
I was really hoping for a reply from someone that had been in a similar situation.
Anyway, yes I had business finance, yes I know about self drive insurance, due diligence , deposits, gas safety certificates, etc.
It was a very grey area and even insurance companies couldnít give me a definitive answer.
I now have written permission from the finance company so I am leaving this discussion.
Thank you for participating.

Message posted by davebrighton via mobile 06/8/2022 at 5:20pm
Outfit:  None Entered     Location:  None Entered
Joined: 04/8/2009
View davebrighton's Profile View Profile   Reply to davebrighton Reply   Quote davebrighton Quote  
davebrighton
Avatar
Standard Member
Standard Member

Forum Posts:   3

Site Reviews Total: 1
Site Reviews 2022: 0  
Site Reviews 2021: 1  
Site Reviews 2020: 0  
Site Reviews 2019: 0  
Site Reviews 2018: 0  
Site Nights 2022: 0
Site Nights 2021: 3
Site Nights 2020: 0
Site Nights 2019: 0
Site Nights 2018: 0

Hi all
I'm renting out my motorhome when not being used by myself through Goboony. Saying that We own the vehicle outright so this may not be relevant to you as you are on HP.
Goboony look after all the financial side of things including deposits ,we have had no problems with security. We did have to take out commercial insurance for renting out by Alan Boswell which covers all drivers aged 25 + but this insurance covers is as the owners so our regular insurance can be canceled.
The only incident we have had was one renter drove all the way to Snowdonia and back without problem only to bump into his own gate post outside his house. Causing a small dent in the rear. This was sorted out by Goboonys deposit scheme within 2 days.
To summarise I would say it's a little more worry and cleaning time but well worth it financially. Much better than seeing your vehicle sitting on the drive doing nothing. Hope this helps



In order to post a reply you will need to register, or if already registered please log in here

Prev       Next

Jump To Page:  1  2

Quick Links - All Forums - Motorhomes and Campervans - Top of Page

Printer Friendly Version Printable version      Share   Tweet This!  Share on Facebook  Email


Latest News, Discounts and Competitions  see all...





3917 Visitors online !

Free UKCampsite.co.uk Window Sticker  -  Recommend to Friend

[Message Forums]  [Caravan Sites & Camping]  [Company Listings]  [Features / Advice]  [Virtual Brochure]  [Shop!]
[Reception]  [Competitions]  [Caravans & Motorhomes For Sale]  [Event Diary]  [Contact Us]  [Tent Reviews



Please note we are not responsible for the content of external sites & any reviews represent the author's personal view only. Please report any error here. You may view our privacy and cookie policy and terms and conditions here. All copyrights & other intellectual property rights in the design and content of this web site are reserved to the UKCampsite.co.uk © 1999 - 2022


Advertisement


Advertisement