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Being part of more than a thousand grey nomads has it benefits when it comes to cutting down on costs. It is also a convenient home away from home when exploring the Australian roads. Think of it as a one-time investment that can help you save every time you need to go on holiday. These are the 5 ways you can benefit from your trailer financially.
Convenience on wheels whenever you need it
Getting your own trailer is an investment that comes with the benefit of it being convenient. A commercial loan is one of the many ways that you can use to finance your new or used trailer to help make trips to wherever you want to go affordable. Having a sizeable deposit saved up can decrease the amount you will need to take out on a loan when looking to finance your trailer.
Avoid holiday debt
When it comes to holidays Aussies sure love to go full out, so much so that we blow our budgets and tend to come back with holiday debt. At the end of each holiday Aussies found themselves spending $1,727 extra on their budgets. Furthermore, ASIC found that we spend $44 a week on restaurant meals, which is $2 112 p.a. Having your home on wheels in the form of a trailer can help you cut down costs since most of what you will need to have a good time will be there.
It comes with minimized repair costs
Sticking to the manufacturer’s maintenance schedule of your trailer will be an effective way to cut down on repair costs. However, the drawcard for people who love to explore all types of terrain when exploring Australia is the 4WD trailers that are able to handle all types of terrain which won’t see you footing a huge repair and maintenance bill.
There will be no need to upgrade your vehicle
Trailers tend to be lightweight equipment that can be towed by an average vehicle. Investing in something like a caravan to tow your belongings on the road requires that you have the right vehicle that will be able to handle the weight of the caravan. You can eliminate the worry of towing a trailer since it is easier to tow.
You can create a budget and stick to it
When taking a trip with your trailer it is easier to create a budget in advance to provide you with supplies that will last you throughout your trip. This also means that there will probably be less need to eat out since you have the convenience of cooking a home-made meal in your trailer. However, it is vital that you plan for the things that need to be budgeted in advance, so you can fix your finances accordingly. This also means taking the cost of using a camping site into consideration which can range from $0 to $1,000.
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This guide provides general information and does not consider your individual needs, finances or objectives. We do not make any recommendation or suggestion about which product is best for you based on your specific situation and we do not compare all companies in the market, or all products offered by all companies. It’s always important to consider whether professional financial, legal or taxation advice is appropriate for you before choosing or purchasing a financial product.
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