ColMat2024 Posted Wednesday at 14:16 Share Posted Wednesday at 14:16 One of the challenges when looking for a new motorhome would appear to be the available funding options. It looks like you are limited to HP and generally need to sign up over a long term, 7 years or more, to achieve a sensible rate of repayment. My question is, do the forum members feel that there is a need / demand for a method of reducing the monthly cost? Would a personal contract hire or vehicle subscription have any appeal? Quote Link to comment Share on other sites More sharing options...
david lloyd Posted Wednesday at 16:08 Share Posted Wednesday at 16:08 Can’t reasonably see how you would gain from a PCP contract - even if the monthly payments are less you would still be left with the final valuation fee to pay or walk away without anything? David Quote Link to comment Share on other sites More sharing options...
Keithl Posted Wednesday at 16:16 Share Posted Wednesday at 16:16 Are you asking as a potential buyer of a new MH or as a seller of a financial product? Just curious 🤷♂️ And we got a bank loan to buy ours many years ago so neither option would be appealing! Keith. Quote Link to comment Share on other sites More sharing options...
Derek Uzzell Posted Wednesday at 20:12 Share Posted Wednesday at 20:12 This article mentions several means of financing motorhome purchase https://www.autotrader.co.uk/motorhomes/finance#:~:text=Personal contract hire (PCH)&text=It's technically a method of,you never own the motorhome. and it will be seen that PCH differs from PCP. 'Vehicle subscription' is explained here https://www.whatcar.com/news/car-subscription-what-is-it-and-how-does-it-compare-with-buying-a-new-car/n18358 (The forum's Code of Conduct rules regarding 'advertising' can be viewed here.) https://forums.outandaboutlive.co.uk/topic/65770-out-and-about-live-forums-code-of-conduct/#comment-717974 Quote Link to comment Share on other sites More sharing options...
crocs Posted Wednesday at 21:55 Share Posted Wednesday at 21:55 The best form of finance is the cheapest. It never ceases to amaze me why people sign up to eye-watering funding costs. OK, some methods keep the payments low but they are often the most expensive overall. Quote Link to comment Share on other sites More sharing options...
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