ColMat2024 Posted July 3 Share Posted July 3 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 July 3 Share Posted July 3 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 July 3 Share Posted July 3 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 July 3 Share Posted July 3 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 July 3 Share Posted July 3 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...
Bluebird Posted July 11 Share Posted July 11 Not sure how the figures would work with a motorhome, but prior to retiring, being self employed, I always found leasing on a contract hire basis, usually over 3 years, to be the most cost and tax efficient method. Vehicles have to be new as the hiring company covers all maintenance and road fund tax etc. All I had to do was insure the vehicle and put in the fuel. Although in theory you have to give the vehicle back at the end of the term, the leasing companies are flexible in approach and I extended the hire term for one car I particularly liked and then bought it at a discount at the end of the extended term ............... and, yes, I subsequently sold it at a small profit. Quote Link to comment Share on other sites More sharing options...
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