Buy a Caravan Holiday Home
Your own holiday home - Buy a Caravan Holiday Home or lodge
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Frequently Asked Questions

Your questions answered

How much will I need to pay?

Below is a list of questions that we are frequently asked. If you have a query that is not covered, please get in contact with us through Enquire Now or give us a call and we will be happy to help.

  • Can I upgrade my holiday home in the future?

    You can choose to upgrade your holiday home at any time. Our experienced Owners Elite teams on Park will help you make the decision that’s right for you.

    If you have finance on your current holiday home, any existing finance would be settled and a new finance agreement would be made for your new holiday home, making it much more affordable and convenient.

  • I am interested in purchasing a holiday home, how will VAT be calculated?

    The VAT is zero rated on the caravan but the removable contents are at the standard rate of VAT that was charged when the caravan was purchased. Please call if you have any questions.
  • I have recently bought a Holiday Home. How does this affect me?

    Please call your General Manager or a member of the Owners Elite Team on your Park, and they will be able to answer all of your questions and talk through the changes with you.

  • Can I choose how much deposit I pay?

    Although there are several finance plans available, the majority of used and new holiday homes will require a cash deposit of approximately 10% of the purchase price or £1000, whichever is higher, to secure the purchase. This will vary from model to model so please check with the Owners Elite team on Park.
  • Is buying a holiday home a good investment?

    A holiday home really is a priceless investment in your family leisure time. Ownership with Park Resorts allows everyone to enjoy a wonderful lifestyle experience.

    We do provide programmes such as holiday letting that can help offset the running costs, but holiday home ownership should not be viewed as a financial investment, neither will it provide a regular guaranteed income. The investment is in you and your family’s lifestyle. You’re buying a new lease of life in a great location!

  • How much would my holiday home be worth if I sold it in a year?

    If you are seriously thinking of owning a caravan for short period of time, we advise you not to go ahead with the purchase. This is because the purchase of a caravan is just like the purchase of a car; they do depreciate and the first year is the worst. After that, it really depends on the state of the economy and how well you maintain your caravan.

    Holiday home ownership is not intended to be a short-term purchase.

  • Do you offer finance to everyone?

    We has a range of finance plans available to suit most budgets. We use specialised caravan funding plans, backed by major financial institutions such as Black Horse and Capital Finance, and because these companies specialise in providing finance for holiday homes, they have tailored their plans specifically to your needs. You will be able to choose monthly repayments that you are happy with, up to a maximum of 7 year terms. There is no need to attend a personal interview or to complete complicated proposal forms. In fact, your Sales Advisor will complete all of the documentation for you.

    Also, unlike a High Street Bank, who may require the loan to be secured on your home, specialised providers only take security on your holiday home.

    A formal quotation will be available within a couple of hours, followed by approval within a matter of days.

    We ensure that the finance packages available to our customers are highly competitive in terms of both cost and availability. We are very confident of offering a highly suitable and cost effective plan for all of our customers.

    We would recommend you choose a period where you are comfortable with the monthly repayments and are able to offer terms up to a maximum of 7 years.

  • Will I own the land?

    No, you are buying a holiday home along with the right to occupy a pitch on the Park. You can do so for as long as you like, providing you pay the annual pitch fees and adhere to the Park rules, but you are not purchasing the land.
  • What annual costs do I have to pay?

    As with owning a car or a home, there are some additional running costs that need budgeting for. A summary of these annual running costs is detailed below. You can find more details if you visit www.park-resortsownyourown.com.

    Pitch fees - These fees are inclusive of winter storage and are payable in advance. The annual pitch fees do vary according to the size, location and level of services supplied to any particular pitch. Your Owners Elite team will be able to advise you on this. Pitch fees are reviewed annually and our owners are notified in September/October each year for the following season. You can choose to pay your annual pitch fees in one lump sum or spread the cost with a Direct Debit Payment Plan* - a real benefit for those on a budget. (*A 6% surcharge applies for all Direct Debit payments)

    Insurance - All owners must be adequately covered by a suitable insurance policy. Most owners choose the Park Resorts recommended scheme as it is specifically designed for owners of holiday homes. You are however free to choose your own insurer, provided that the cover meets certain criteria and that we hold a copy of the policy document. Owners who have a RAMTECH alarm system will receive an annual discount on their insurance premium. This is in recognition of the additional security measures taken by the caravan owner.Rates - The charge for Rates is based upon the average rateable value of each holiday home and the charges levied by the Local Water Authority. Rates are billed to owners in April/May.

    Electricity - Electricity is supplied to the holiday home by a meter and the availability charge and electrical units consumed are then charged at the price paid to the electric provider by the Park. Electricity charges and administration invoices are billed periodically in arrears.Gas - Bottled Gas is available for purchase in various sizes at the Manufacturers Recommended Retail Price, with free delivery. Current prices are available at the Park Office. Bottled Gas will be billed periodically in arrears. Piped Gas will be charged at an amount per litre similar to a domestic dwelling and will be based upon meter readings, or the average consumption of the caravan homes sharing the same supply tank. Piped gas will be billed periodically in arrears.

  • What can I part-exchange against a holiday home?

    We offer part exchange values for all static caravan holiday homes, wherever they are located, as well as all touring caravans and motor homes. We also accept good quality tents and trailer tents.

  • What is the difference in cost if I buy used or new?

    Buying a caravan is similar to any other purchase in that it is more expensive to buy brand new. Many Parks do offer brand new selected models from around £14,000 and from time to time special promotions will run on new models.

    Some Parks have pre-owned models available from as little as £4,995. Obviously the cost varies depending on the model, features and age of the caravan.