How much does a van cost?

Van Costs: A Comprehensive Guide

The cost of a van can vary greatly depending on whether you're buying new or used, the make and model, and the current market demand. In this guide, we'll explore the average costs of vans in 2023, as well as how these prices have changed over time.

Used Vans: A Popular Choice for Vanlifers

According to a study by TheVanConversion.com, which surveyed over 300 vanlifers in Europe, the average (median) cost of the base vehicle for conversion was €9,000 ($10,000). Vans purchased at this price would typically be second-hand. It's worth noting that used vans in North America are generally more expensive than those in Europe. Here are some average price ranges for popular used vans in North America:

  • Used Sprinter Van: $20,000- $27,000
  • Used Ram Promaster: $9,000- $20,000
  • Used Ford Transit: $10,000-$20,000

Only 6% of people buy new vans for conversions, likely due to the significant price difference between new and used vans.

New Vans: A More Expensive Option

In the USA, the average MSRP (Manufacturer’s suggested retail price) of the top 5 most popular vans in 2023 was $41,601. This is a considerable increase from the average in 2020, which was just $33,863. The surge in popularity of van life and an inflation rate of 18.92% since 2020 have contributed to this increase in price.

Here are the MSRPs for the most popular new vans in the USA:

The Mercedes Sprinter is the most expensive option, while the Nissan NV is the most affordable. For those interested in electric options, the new Electric Ford Transit LWB is priced at $56,390.

Comparing Van Costs to Apartment Costs

In 2020, Move.org conducted research comparing the cost of a van to the cost of an apartment in terms of square footage (source). While square footage may not be the most relevant metric for vanlifers, as downsizing is often the point, it's still an interesting comparison to consider.

Conclusion

The cost of a van can vary greatly, with used vans being a more affordable option for most vanlifers. New vans, on the other hand, can be significantly more expensive, with prices continuing to rise due to increased demand and inflation. When considering a van purchase, it's essential to weigh the pros and cons of new versus used options and to research the specific make and model that best suits your needs and budget.

 Mark lesson complete