How do you invest in your MH

[Nabsim]

But surely you are either buying a motorhome to live in (rent saved towards any costs) or so you can go where you want when you want and stay or move on whenever you want. How else could you do this without buying one? Rent one yes but how much does that cost that is dead money and you cant just decide to go somewhere for a night or a month at the drop of a hat.

How else can you do this lifestyle? You earn money to get what you want, most here want a motorhome or camper or whatever you want to call them or they wouldn't be here. Yes it can be expensive but its a house on wheels

 

[2cv]

Paid £10k for mine 3 years ago (bargain)
£6k for new engine (ouch)
Probably worth £14k now, so having spent 83 nights away so far, that is £24 a night.
After Scandinavia next year nightly cost should be down below a tenner a night.

This takes no account of the income that would accrue if the capital had been invested rather than spent on the van. Even at a modest 5% return this would be £2500, meaning a nightly cost in total of over £50 even before such things as maintenance, vehicle tax, fuel, campsites and insurance. When these too are taken into account there's probably not much change from £100 per night!

 

[jagmanx]

Lots of Creative accountancy in some posts

Any employed by Carillion or the Government

 

[Clunegapyears]

Bought two new motorhomers pretty much spontaneously! A lot of money on a whim, but two houses also pretty much spontaneously too. Not regretted either.
The first was a bessacarr intended for high days and holidays. It suited us when we went full time so had no intentions of changing it. Had that 5 years but summer 2016 was frequently rearranged due to hab or engine repairs.
Since we full time and mostly abroad we decided to go for a European model A class ... this is our home and it needs to work for us. We take less holidays away from it than we did when living in a house. There’s no such thing as a rich corpse, so we might as well enjoy it now.
When restrictions come in that prevent us driving into cities, we’ll do the same as others and avoid them. A word of warning though, last summer, we were surprised how many German villages had signed up to the scheme. Restrictions will spread.

 

[mossypossy]

Any employed by Carillion or the Government

Modest 5% return!!

 

[Nesting Zombie]

I would disagree with that,when I brought my MH it was already 30 years old with no depreciation left to lose,unless of course there's a huge crash in the scrap metal market.

Yeah TBH that’s was a factor in me choosing a 22yr old vehicle, The Nest doesn’t owe me a Penny.

 

[Wooie1958]

Out of the 6 motorhomes / campers we`ve had this is only our 2nd brand new one.

1st brand new one ( number 5 ) a Adria Coral 680SL we kept for 18 months, put 12,000 miles on it then traded it in for the one we have now.

2nd brand new one ( number 6 ) a Compass Castaway 500LL was bought in 2007 ( 2006 model ) so is now 11 or 12 years old depending on which way you look at it.

It`s now done just over 70,000 miles and had 2 new ALKO handbrake cables ( 1 seized and 1 fitted incorrectly by dickhead garage ), timing belt and water pump, 2 front hub / bearing assemblies ( in France ouch !!!!!!! ), new front brake pads ( discs still good ), new stainless steel exhaust and 2 sets of tyres.

Apart from general servicing ( which i do ) and the numerous habitation faults ( which i`ve fixed ) that`s it so for 70,000 miles and 11 / 12 years i don`t think it too bad.

I used to take it back to the dealer ( under warranty ) to have the habitation faults fixed but it came out with more things wrong with it than when it went it so i gave up and stopped going to them before i actually killed the service manager who suggested the faults were down to rough use :mad2: :mad2: :mad2:

I`ve also fitted an extra leisure battery, 2 X solar panels, 1800 watt inverter and 2 X 6kg Gas It refillables :hammer:

We`ll be keeping it it for the forseeable future unless Mr Camelot treats us kindly :dance:

 

[Deleted member 74361]

Modest 5% return!!

I also laughed at that statement, because it is difficult to get near that in most investments now - unless one adds capital gain in, but that is not guaranteed.

Having said that I am getting 6.25% on a bond in a property company - a bond that is tradable on the LSE, so I can get out anytime unlike having to find a matched buyer. It is in my ISA, so 6.25% tax-free is quite nice. It is trading just above the issue price so there must be market confidence in the company.

My property in SW London is returning, net after expenses, about 3% and (maybe) some capital gain, but if I sold it I do not know where I would invest the money without taking on a fair bit of risk.

Geoff

 

[maingate]

A current thread on another forum got me thinking. The subject is the increased cost of new motorhomes and the likely effect on used vehicle prices.

I bought my van secondhand from a Dealer and have had it for 3 years. I did a search for used Burstner Tag axle vans and found an identical model advertised by a Dealer that was three years younger than mine. Buying (like for like) would now cost me £9,000 more than what I paid 3 years ago.

If I were to sell mine, the depreciation could be negligible, the problem is that a newer van would still cost a lot of money.

 

[Nabsim]

Well I was amazed, because I needed an automatic I had to pay way more than a manual equivalent. Yes it may be a grand more on a new vehicle but as they get older that gap shouldn't increase. Main thing is I got one and one we liked