OwnIT X explains how co-ownership can slash the cost for your next adventure
Are you a part-time traveller looking to pay less for your ideal RV? A solution that allows you to share costs and save on ongoing maintenance and save on storage?
Why not check out OwnIT X’s smart, cost-effective solution—fractional ownership. By facilitating co-buying agreements among like-minded individuals, OwnIT X reduces the financial burden while maximizing usage efficiency.
“For many Australians, the dream of caravan ownership is just out of reach due to financial constraints and low utilization,” said Himanshu Arora, Director of OwnIT X.
“We are bridging that gap by allowing people to co-own luxury caravans at a fraction of the cost while ensuring seamless management of legal agreements, maintenance, and usage scheduling.”
How It Works
OwnIT X partners with leading caravan and campervan manufacturers to offer premium models at exclusive prices. Groups of upto six co-owners can collectively invest in a high-end caravan—priced around $180,000—bringing individual ownership costs down to approximately $30,000 per person. Additionally, annual maintenance, insurance, and storage costs are shared, making ownership even more affordable.
A robust digital platform ensures hassle-free booking, fair usage distribution, and transparent management. After a five-year period, the asset is sold, and proceeds are distributed among co-owners, further enhancing the cost-effectiveness of the model.
Industry Partnerships & Market Growth
OwnIT X is actively seeking collaborations with caravan manufacturers, dealerships, and finance providers to streamline the customer experience.