Londoners Could Save £16,000 A YEAR Pursuing their #VanLife Dream Project
Research by online auto trading service WeBuyBrokenVans finds that renters in the UK could save thousands of pounds by living the #VanLife.
The company explored VanLife blogs to find the costs associated with buying, converting and living the #VanLife dream, and compared it with the average cost of living in London, Manchester, Cardiff and Edinburgh. The findings were calculated based on a basic DIY conversion and a high quality conversion of the most popular vans for conversion projects, a 2006 Mercedes Sprinter.
The research found that Londoners could save themselves a staggering £16,080 a year based on a basic DIY conversion, or £11,923 for a more luxurious quality DIY build. Additionally, the savings worked out at roughly £7,148 / £2,982 for renters in Manchester, £9,500 / £5,334 for renters in Cardiff, and £8,132 / £3,966 for renters in Edinburgh. These findings suggest that many remote workers could escape the city, explore the UK and still save money in the long run.
The VanLife movement was growing in popularity even before the pandemic, but interest has boomed in recent months. Searches for ‘van conversions’ have risen by 275% in recent months, and topics like ‘van conversion ideas’ and queries on how to’s and beginners guides have started to gain significant search volumes.
It’s not surprising that more people are choosing to leave metropolitan life behind for a life on the road. After a series of different lockdowns over the last year, Brits across the country have grown weary with the idea of city life. And with remote working options becoming the standard for many industries, many are exploring new ways of working.
Reflecting on the findings Dominic Hickman MD for We Buy Broken Vans said:
“In terms of second hand vans, demand has usually been geared towards trades such as builders and tradesmen. However we’ve seen a huge increase in demand across the sector from people who are looking to take old, pre-owned vans and convert them into their dream home on wheels.
“While the research here works on averages, I think it’s a really great way to show how ‘Van Life’ is an option and can be an exciting possibility for people in the city who are looking for a change – and hoping to save money in the long run.”
“I think the biggest concern for people who are interested in pursuing it as an option is the upfront costs, which is completely fair – buying a van and converting it to be your new home can be a big investment. Ultimately every project is different and costs can increase or decrease depending on the size or scale, but this research shows that it can definitely become a reality.