RV Rental Consignment
An RV trader can offer rental consignment agreements to RV owners who don’t want to place their coaches in storage. With a growing number of people buying an RV or wanting to experience the RV lifestyle, there are more and more families buying campers, trailers, and motorhomes than ever before.
It’s a shame that most people don’t have the time to devote to traveling as much as they’d like in their RVs. With this in mind, RV traders are making it easier for RV owners to rent out their coaches to others through consignment programs.
While this might seem like a winning situation for the owner as well as the renter, usually the only real winner in the situation is the RV dealer. The consignment company will charge the owner storage fees, and a huge amount of the daily rental charge will go into the company’s pocket.
While the dealer will do all the marketing and advertising for the RV, they will certainly gain that money back on the daily rentals of all the RVs in their lot. Along with marketing, they will have more foot traffic and presence than you would. That means more opportunities to rent the RV every month.
When there are hundreds of RVs to choose from on the lot, it’s unclear how often your RV will be picked over the others. There also are penalties for the owner with an RV that doesn’t rent out each month.
RV Rental Consignment Cost
Before accepting your RV onto the lot, a dealer will perform an inspection to ensure that your RV will make them a certain amount of revenue per day. They’ll set all of the pricing, so you won’t really have input in that part of the process. Once you relinquish control of the RV, the dealer will make most of the decisions.
The daily rental cost will depend on the RV type and its condition. The consignment company will determine the fees based on a few other factors, like their overhead, insurance costs, and storage costs. After you’ve searched online for “RV rental consignment near me” and found a business to work with, be prepared to relinquish control to a company that is looking out for themselves.
Ultimately, some owners decide to sell their RVs. The consignment dealer has experience as a used RV dealer and can set the right used RV prices for your camper, trailer, or motorhome; they might make more money on camper sales than rentals because they take a certain percentage of your sale, too. They’ll determine the price based on how much they’ll take from your sale; keep in mind that when searching the term “RV dealers near me” on the internet, you’ll find many dealers that won’t mind taking a large percentage of your sale for their commission.
Used RV Dealers
With a consignment, the RV dealer has physical possession of the rental. You might not be able to use it when you’d like. With RV sharing, you can block out any time you like for your own use.
Some consignment companies will charge the owner service, storage, and rental fees if the coach isn’t rented during a 30-day period. With an RV sharing situation, there are no fees to list the RV. The RV will be stored by the owner until it’s being used.
When you work with a consignment company, you’ll be handing over your keys and allowing them to control the rental. While this might seem like an easier process than renting it out yourself, you also lose the ability to make decisions. A large portion of the rental fees will go into the company’s pocket, so even if you aren’t in control of the advertising, you’ll still be charged if the coach doesn’t rent.
One of the biggest benefits to the consignment industry is the fact that they’ll perform background checks on the renters. With an RV share, you can still screen the applicants and renters before allowing them to drive away with your coach. You can decide to approve or deny a renter based on your own criteria; for example, you might want to ban smokers or pets in your coach.
Used RV Prices
There are more advantages to controlling all aspects of your RV rental from the cost to the time you want to place it up for rent. Many people don’t want to pay money for storage. They want to make their RVs available to renters because they want to encourage the RV lifestyle, but they also want to enjoy their RVs themselves.
A huge advantage in controlling your rental is creating your own policies, rates, and rules. You’ll have conversations with the renters yourself. This allows you to make connections with people who want to experience the RV lifestyle for the first time and make their trip one to remember.
With an RV share company, the renter as well as the owner are covered by a commercial rental insurance policy. This policy will cover a certain amount of liability, which should make the renter and owner more comfortable. The company also offers roadside assistance because you never know when there could be a problem on the road.
An RV sharing company will work with you as a small business owner. The revenue you make will be based directly on the price you choose, the amount of advertising you do, and how you communicate with renters. You’ll still have access to insurance and screening tools without having to give up half your revenue to the company.
Along with more control, you’ll be able to remove your listing at a moment’s notice. The whole point of having an RV is to enjoy some time traveling. You can’t do that if you have to ask permission to take out your own RV for a spontaneous weekend trip.