How to fund a new van?
Discussion
rugbyleague said:
nagsheadwarrior said:
A fair question but not easy to answer!
Where I am in South Devon we have 3 very near competitors, 2 Marquis branches and an extremely expensive independent.
Now I price the used vans for my branch and I know on used stock almost always we are the cheapest around, we probably work on smaller than most margins and turn them over quickly, that's how I like to do it, however that means we won't be discounting heavily as said local independent but van for van on used will still be thousands cheaper mist of the time .
We sell a lot of vans to people all over the country and while I'd like to think it's down to my natural Panache realistically it's because we are the cheapest or joint cheapest in the country and offer an In house not insurance backed warranty.
So really, on used it's not discount it's a matter of what you pay, if you're local dealer has a van then Internet price check and chat to them about similar cheaper ones you've found and see if they'll match or beat it.
We don't tend to knock much over the £500-£1000 off as we are already on the moneys price wise, if stuff sticks that's different then we will reduce it anyways as needed.
Also depends on what you're buying and where , freshly arrived super desirable stock that will sell anyway you're not gonna get much off anywhere .
Non washroom camper van or big 6 berth coachbuilt that everyone's got loads of then go for a deal.
New is the same idea, if there's loads out there sat on forecourts you'll get a better deal bit maybe have a less desirable van come resale time.
I've an Adria Comaoct DL on my pitch, last one for the model year, our best selling adria coachbuilt I could sell another 10 so whoever gets it might get a free alarm/Tracker and a TV aerial as a kicker but we aren't going to knock thousands off.
Want a adria sonic 700 a class? we got 6 coming sold none this year at all so a few thousand off and some goodies is easily achievable
What's good stock varies dealer to dealer and different areas , in Devon we do better with Compact coachbuilts, drop down bed stuff and full size van conversions, some up country do better with the bigger stuff.
Just be honest with your dealer , make it clear you're serious and if they are Aby good they will want to get your business
Thank you for such a detailed and comprehensive reply, its really nice to see a response like that especially when it's from someone directly in the industry. I much prefer a competitive price to start with rather than effort to make it competitive.Where I am in South Devon we have 3 very near competitors, 2 Marquis branches and an extremely expensive independent.
Now I price the used vans for my branch and I know on used stock almost always we are the cheapest around, we probably work on smaller than most margins and turn them over quickly, that's how I like to do it, however that means we won't be discounting heavily as said local independent but van for van on used will still be thousands cheaper mist of the time .
We sell a lot of vans to people all over the country and while I'd like to think it's down to my natural Panache realistically it's because we are the cheapest or joint cheapest in the country and offer an In house not insurance backed warranty.
So really, on used it's not discount it's a matter of what you pay, if you're local dealer has a van then Internet price check and chat to them about similar cheaper ones you've found and see if they'll match or beat it.
We don't tend to knock much over the £500-£1000 off as we are already on the moneys price wise, if stuff sticks that's different then we will reduce it anyways as needed.
Also depends on what you're buying and where , freshly arrived super desirable stock that will sell anyway you're not gonna get much off anywhere .
Non washroom camper van or big 6 berth coachbuilt that everyone's got loads of then go for a deal.
New is the same idea, if there's loads out there sat on forecourts you'll get a better deal bit maybe have a less desirable van come resale time.
I've an Adria Comaoct DL on my pitch, last one for the model year, our best selling adria coachbuilt I could sell another 10 so whoever gets it might get a free alarm/Tracker and a TV aerial as a kicker but we aren't going to knock thousands off.
Want a adria sonic 700 a class? we got 6 coming sold none this year at all so a few thousand off and some goodies is easily achievable
What's good stock varies dealer to dealer and different areas , in Devon we do better with Compact coachbuilts, drop down bed stuff and full size van conversions, some up country do better with the bigger stuff.
Just be honest with your dealer , make it clear you're serious and if they are Aby good they will want to get your business
Edited by nagsheadwarrior on Tuesday 19th March 01:32
I've had a look around a number of motorhomes recently and I'm undecided on layout.
In a couple of weeks I'm collecting a brand new motorhome from Italy and delivering it to Edinburgh, I'm hoping that this adventure will help me decide a) if it's for me and b) identify likes/dislikes of layouts.
Interesting times ahead I think
Above all size and layout is most important, you can have the best van in the world but if its the wrong size or layout yiu won't keep it.
Our family van is a thwacking great tag axle burstner , wouldn't suit most but did /does the job well for us
and I have a £10k swb citroen relay stealth camper I tool in px at work , spend at least 2 nights a week in it and with all the shiny expensive things I sell and on occasion use I wouldn't swap it for anything!
Having spent a lovely long bank holiday weekend at (premium-priced) Highlands End Holiday Park in our vintage Eriba caravan I was struck by the sheer amount of expensive vans about on sites at the moment.
I retire in 15 years and would ideally like to buy a motorhome for my wife and I to go on our travels, but don't realistically see us being able to afford what we would like unless my Euromillions numbers come up.
So, I am just interested in how people are managing to fund £100k vans?
Are they:
1) Using savings, buying outright
2) Taking pension lump sums and using that to fund the van
3) Buying via HP or a personal loan
4) Leasing or PCP'ing
5) Using inheritance or other windfall
6) Downsizing on house and using released equity
7) Other, please specify
Personally I think that option 6 will be the only route for us but I'm interested in how people are funding such bling vans.
(ETA: we'll probably end up buying something used, older but serviceable, and go and have just as much fun. However I'm just curious as to how those who are lucky enough to own something modern have achieved it).
I retire in 15 years and would ideally like to buy a motorhome for my wife and I to go on our travels, but don't realistically see us being able to afford what we would like unless my Euromillions numbers come up.
So, I am just interested in how people are managing to fund £100k vans?
Are they:
1) Using savings, buying outright
2) Taking pension lump sums and using that to fund the van
3) Buying via HP or a personal loan
4) Leasing or PCP'ing
5) Using inheritance or other windfall
6) Downsizing on house and using released equity
7) Other, please specify
Personally I think that option 6 will be the only route for us but I'm interested in how people are funding such bling vans.
(ETA: we'll probably end up buying something used, older but serviceable, and go and have just as much fun. However I'm just curious as to how those who are lucky enough to own something modern have achieved it).
Edited by PurpleTurtle on Wednesday 8th May 13:10
Sold the Tamora which I'd had for 15 years at a decent profit (though not real profit as spent twice that on it, but that's how it works!), then we sold our VW T5 that we bought pre Covid (at a profit) and stuck £12K with it.
Not a £100K van but still not cheap and a lot of money to us...... best part of twice my first house cost ! But yes, amazed as we go round sites how many big/new vans are about..... most of them owned by people that are into retirement age, so guessing decent pensions/sold businesses/downsized etc.
Not a £100K van but still not cheap and a lot of money to us...... best part of twice my first house cost ! But yes, amazed as we go round sites how many big/new vans are about..... most of them owned by people that are into retirement age, so guessing decent pensions/sold businesses/downsized etc.
Current van was £96k this time last year.
£20k down, just shy of £1k per month for 10yrs on HP. APR is a bit hefty (9% IIRC) as it had just stepped up, but planning on paying it down with lump sums over the next year or two or selling it to buy something bigger in the same sort of horizon.
For me it was a relative no-brainer. My normal budget for PCPs on my car was c. £700pcm. The van is our second car so I was effectively "just" adding £300 to my outgoings to have the camper/motorhome.
I would view it somewhat differently if I was spending the same amount just on a van which sat in a storage yard when it wasn't being used, but the camper gets used 2-3times per week for a school run or two or trip to the station for the commute.
But yes, the world does seem to have gone mad with the price of campervans/motorhomes.
£20k down, just shy of £1k per month for 10yrs on HP. APR is a bit hefty (9% IIRC) as it had just stepped up, but planning on paying it down with lump sums over the next year or two or selling it to buy something bigger in the same sort of horizon.
For me it was a relative no-brainer. My normal budget for PCPs on my car was c. £700pcm. The van is our second car so I was effectively "just" adding £300 to my outgoings to have the camper/motorhome.
I would view it somewhat differently if I was spending the same amount just on a van which sat in a storage yard when it wasn't being used, but the camper gets used 2-3times per week for a school run or two or trip to the station for the commute.
But yes, the world does seem to have gone mad with the price of campervans/motorhomes.
I'm very much a save it up and spend it kind of buyer. I prefer to have the money available, avoiding extra on interest payments however when you want something immediately, then finding all that up front takes time.
That said, I've considered replacing our caravan. It's a 2014 Bailey 5 berth, pretty much as long as I can get single axle, and I've looked at either an 8ft van or a similar standard width but possibly twin axle. To change, I'd need to find about £20-25k on top to find something, so it's making if difficult for me to justify it. New caravans are selling up to £50k now which seeems madness. Ours new in 2014 was about £16k, same van now, £28k.
That said, I've considered replacing our caravan. It's a 2014 Bailey 5 berth, pretty much as long as I can get single axle, and I've looked at either an 8ft van or a similar standard width but possibly twin axle. To change, I'd need to find about £20-25k on top to find something, so it's making if difficult for me to justify it. New caravans are selling up to £50k now which seeems madness. Ours new in 2014 was about £16k, same van now, £28k.
As a dealer it amazes us how people afford the vans these days tbf, I certainly can't and I'm a manager and in a decent wage!
Good news us there's absolutely no need to spend that much to get a good motorhome, personally I buy ones for me that would otherwise have been traded out but that's a perk of the job!
Surprisingly we habe a very small finance penetrative, I'd say last month out of the 30 we sold 2 were on finance, sometimes that might be more like 5 or 6 so maybe 20%
With the core age group still being 50 plus we mainly see people funding through pension pot cash ins, house or business sales or inheritance.
This year many deals are bringing in retail pxs, maybe 15 last month had lumpy retail pxs so balance to change were smaller.
That's why you've got a volatile situation in the trade at the moment , dealers are selling new vans bit getting way less than the cost price and a px that might sit in stock for weeks or months and then generate another px, think of the cashflow needed there!
Luckily the company I work for are probably the most established and financially stable but you can see why spme dealers are going pop!
The finance on a 100k van, even a 70k one is now mortgage levels so for the common working man defo getting unaffordable , I'd say a fiar few if our finance customers are ones who habe just paid off the house so now repurpose that into a motorhome which kind of makes sense
Good news us there's absolutely no need to spend that much to get a good motorhome, personally I buy ones for me that would otherwise have been traded out but that's a perk of the job!
Surprisingly we habe a very small finance penetrative, I'd say last month out of the 30 we sold 2 were on finance, sometimes that might be more like 5 or 6 so maybe 20%
With the core age group still being 50 plus we mainly see people funding through pension pot cash ins, house or business sales or inheritance.
This year many deals are bringing in retail pxs, maybe 15 last month had lumpy retail pxs so balance to change were smaller.
That's why you've got a volatile situation in the trade at the moment , dealers are selling new vans bit getting way less than the cost price and a px that might sit in stock for weeks or months and then generate another px, think of the cashflow needed there!
Luckily the company I work for are probably the most established and financially stable but you can see why spme dealers are going pop!
The finance on a 100k van, even a 70k one is now mortgage levels so for the common working man defo getting unaffordable , I'd say a fiar few if our finance customers are ones who habe just paid off the house so now repurpose that into a motorhome which kind of makes sense
Do you think the market is trying to change to a younger audience ?
I'm seeing a lot more adventure vans like the swift trekker , big chunky off road wheels/tyres , really bright colour schemes and a slightly younger buyer who's into mountain biking or running/walking who wants something like a transporter but a bit bigger .
I'm seeing a lot more adventure vans like the swift trekker , big chunky off road wheels/tyres , really bright colour schemes and a slightly younger buyer who's into mountain biking or running/walking who wants something like a transporter but a bit bigger .
Yeah defo the trend isn't it , its a way to grab a different part of the market eith new models, fair pkay to Swift they've nailed it with the Trekker
The aftermarket converters were building loads of stuff with the roughty toughty look and bow its gone mainstream and defo appeals to the 40 somethings who are outgrowing their vws
I'm sure it'll fade in a year or two but defo on trend at the moment
The aftermarket converters were building loads of stuff with the roughty toughty look and bow its gone mainstream and defo appeals to the 40 somethings who are outgrowing their vws
I'm sure it'll fade in a year or two but defo on trend at the moment
egor110 said:
Do you think the market is trying to change to a younger audience ?
I'm seeing a lot more adventure vans like the swift trekker , big chunky off road wheels/tyres , really bright colour schemes and a slightly younger buyer who's into mountain biking or running/walking who wants something like a transporter but a bit bigger .
The problem is they are still £70k+ for something new and £50k+ for something second hand or a van conversion. The vast majority of the youngsters (under 40) haven't got a pot to piss in. Unless you have the luxury of having Bank of Mum & Dad providing the funding then it's not happening.I'm seeing a lot more adventure vans like the swift trekker , big chunky off road wheels/tyres , really bright colour schemes and a slightly younger buyer who's into mountain biking or running/walking who wants something like a transporter but a bit bigger .
Companies have a golden goose in the retired or retiring generation at the moment. Those behind it who don't have final salary pensions and have seen wages shrink with inflation wont have such a generous pot to play with. Manufacturers will have to be inventive or cut profit margins to find buyers. Not everyone is sitting waiting for mum and dad to croak to inherit large sums of money.
If you want a rear lounge with a fixed bed and no loss of living space, have a look at a Dethleffs Alpa A6820. It also has a decent size garage for bikes.
The compromise is low headroom in the overcab bed. The bed itself is massive, over 6’ 6” square, and I sleep better than at home. The other drawback is they are ridiculously expensive, getting on for double what we paid 6 years ago. If you’re anywhere near South Lincs, you’re welcome to have a look.
The compromise is low headroom in the overcab bed. The bed itself is massive, over 6’ 6” square, and I sleep better than at home. The other drawback is they are ridiculously expensive, getting on for double what we paid 6 years ago. If you’re anywhere near South Lincs, you’re welcome to have a look.
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