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5 ways that you can benefit from a trailer financially

Published on November 25th, 2020
  Written by 
Bill Tsouvalas
Bill Tsouvalas is the managing director and a key company spokesperson at Savvy. As a personal finance expert, he often shares his insights on a range of topics, being featured on leading news outlets including News Corp publications such as the Daily Telegraph and Herald Sun, Fairfax Media publications such as the Australian Financial Review, the Seven Network and more. Bill has over 15 years of experience working in the finance industry and founded Savvy in 2010 with a vision to provide affordable and accessible finance options to all Australians. He has built Savvy from a small asset finance brokerage into a financial comparison website which now attracts close to 2 million Aussies per year and was included in the BRW’s Fast 100 in 2015 as one of the fastest-growing companies in the country. He’s passionate about helping Australians make financially savvy decisions and reviews content across the brand to ensure its accuracy. You can follow Bill on LinkedIn.
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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.

The content on our website is produced by experts in the field of finance and reviewed as part of our editorial guidelines. We endeavour to keep all information across our site updated with accurate information.

Approval for leisure loans is always subject to our lender’s terms, conditions and qualification criteria. Lenders will undertake a credit check in line with responsible lending obligations to help determine whether you’re in a position to take on the loan you’re applying for.

The interest rate, comparison rate, fees and monthly repayments will depend on factors specific to your profile, such as your financial situation, as well as others, such as the loan’s size and your chosen repayment term. Costs such as broker fees, redraw fees or early repayment fees, and cost savings such as fee waivers, aren’t included in the comparison rate but may influence the cost of the loan. Different terms, fees or other loan amounts may result in a different comparison rate.

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