VanLifeSaver: A Tool to Help You Plan Your Van Conversion Journey
Are you dreaming of embarking on a van life adventure, but unsure of how long it will take to save up and build your dream van? Look no further! We have developed a super cool tool called VanLifeSaver that will help you plan and budget for your van conversion project.
What is VanLifeSaver?
VanLifeSaver is a comprehensive tool that will:
- Help you determine a realistic budget for the van and the build.
- Tell you how many months your build will take
- Determine when you can purchase your van and get started on your conversion
How Does VanLifeSaver Work?
To make the most of this tool, you need to input the following information:
- Current savings: The amount of money you currently have saved up for your van conversion project. If you plan to sell anything from the downsizing sheet, add the amount to this value.
- Expected cost of the van: If you have already bought the van, set this value to 0.
- Financing details: We assume a 20% down payment and a 7% interest rate over 5 years (most common for car loans). However, you can input your own values if they differ from these assumptions.
Based on this information, VanLifeSaver will calculate the earliest date you can start your build and how many months it will take to complete the project.
Key Points to Remember
- Earliest build start date: This is the earliest date you can start your van conversion project, based on your current savings and expected costs.
- 10% rule: We assume that you need at least 10% of the total conversion cost to get started on your project.
- Take it slow: You don’t have to wait until you have all the money saved up to start your van conversion. Van conversions typically take up to a year, giving you more time to acquire materials secondhand, find discounts, and make strategic purchases to save you money.
- Try and be realistic when it comes to your budget but don't worry if you do not have this money saved up yet. In STAGE 4 we'll show you exactly how to save up enough money for your van and build.
Conclusion
VanLifeSaver is a valuable tool that can help you plan and budget for your van conversion project. By inputting your current savings, expected costs, and financing details, you can determine the earliest date to start your build and how long it will take to complete. Remember to take your time and make strategic purchases to save money along the way. Happy van building!