Renting out your own car for 1 year?

forcer

Hello,

We are going travelling for a year and recently bought a car (3 year old Peugeot 308 in excellent condition). I don't think it makes sense to sell the car as we would loose a lot of money and then had to buy a new one when we come back.

I have looked into long term car storage at average rates are around £20 for a week. Assuming I could get a discount for one year we could spend between £800-£1000 for the whole year just for parking the car.

I was wondering is there any service where you could rent out your car and possibly make a bit of money or any cheaper alternative how to leave the car for 1 year without worrying that it will get stolen?

HappyMJ

It won't come back in excellent condition.

Keep looking for a garage up my way the housing association rents them out to anyone for about £10 per week. Try them you don't need to be a tenant.

HappyMJ

And take the wheels off and battery out if you are worried about theft it'll deter all but the most determined theives.

JQ.

Sell it. Sell it. Sell it.

By keeping it you will lose even more money. It will depreciate while you are away and leaving it standing for 12 months will not be good for the car and could end up costing mone in repairs upon you return.

Just buy a 3 year old when your return.

plane_boy2000

Sell it. Its a depreciating asset so you may as well get your money back and then buy one when you return

paulofessex

I wonder if selling it and putting the cash into a high interest account ready for when you return and need to buy a new car would be of benefit. Also surely you would stil be paying insurance whilst it was in storage?

Hintza

paulofessex wrote: »

a high interest account

Do we have them anymore? Inflation will probably be higher than any interest in a year's time!