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Buy to let motorhome hire??
MK9R - 27/10/09 at 01:44 PM

Has anyone looked at the buy to let motorhome market??? Realistically other than the race weekends i'd probably only use a motorhome once or twice a year, and as the missus isn't interested in race weekends then i don't have a leg to stand on when trying to convince her we need an expensive one, and to be honest i can't even convince myself having all that money tied up in something that sits on the drive 95% of the time. Secondly the only way she would ever actually go in one is if it was a nice one, not some tatty thing from the 80's (which i would be quite happy with for race weekends, well apart from most of them couldn't pull the skin off a rice pudding let alone a trailer), so that knocks out the cheap option. So i have been looking at the buy to let market (through motorholmes.co.uk), looking at the cost and their potential forecast of earnings you could have a brand new 6 birth mooveo and the potential income would almost cover the costs. Best of all i can do it though my limited company as a business and claim all the VAT back on the purchase and tax on all the running costs, plus you can get claim back 20% of the value as a yearly cost as depreciation. Biggest question is, is the rental market that good that i could hope to rent it out for say 15 weeks of the year?????

Mr Whippy - 27/10/09 at 01:54 PM

God how much that reminds me of a Barratt time share (which is not good btw) but with wheels

phoenix70 - 27/10/09 at 01:54 PM

if they are quoting you the income potential, I would half it to get a more realistic figure. Surely the insurance on something like that is going to be astronomical, and what if it is severly damage, who will cover your loss of earnings.

Bluemoon - 27/10/09 at 01:55 PM

humm, I would think it's risky, if you are in the business of setting up a hire company then fine, other wise think about how much ware and tear there will be with 15 weeks or more a year use by people that might not treat it with the same respect as you...

Not sure how easy it is to hire them out either, also how do you go about getting insurance bet that's an expensive..

Dan

Bluemoon - 27/10/09 at 01:58 PM

Off course you could turn this on it's head why not hire out someone else's

Dan

MK9R - 27/10/09 at 02:07 PM

quote:
Originally posted by phoenix70
if they are quoting you the income potential, I would half it to get a more realistic figure. Surely the insurance on something like that is going to be astronomical, and what if it is severly damage, who will cover your loss of earnings.


yeah i know what you mean about "potential". I based the 15 weeks on an average of what would charged per week over a year considering the seasonal price changes. The quoted weekly rental charges look very realistic comparing the market, its purely how much market their is.

I'm fine with the wear and tear on the vehicle, its only what i would be using if i rented one myself. But i do understand that i have to repair the damage, but there is usaully a 500 damage deposit and it is insured for bigger claims (which is all included in the rental companies insurance .

Its the market i really need to know about!

stevec - 27/10/09 at 02:33 PM

The wife and me are toying with getting a M home, We do a fair bit of tent camping. I dont fancy being a shed dragger but a M home appeals, As far has hiring it to every tom dick and harry goes I am not so sure. Do I want people playing hide the Salami in my bed or cr*ping in my portopotty, mmm dont think so.
Or perhaps I'm just a fussy git
Steve.

MK9R - 27/10/09 at 02:39 PM

quote:
Originally posted by stevec
The wife and me are toying with getting a M home, We do a fair bit of tent camping. I dont fancy being a shed dragger but a M home appeals, As far has hiring it to every tom dick and harry goes I am not so sure. Do I want people playing hide the Salami in my bed or cr*ping in my portopotty, mmm dont think so.
Or perhaps I'm just a fussy git
Steve.


LOL!! But do you stay in rented cottages, hotels, apartments???

stevec - 27/10/09 at 03:15 PM

mmmm good point but I reckon its different if you are the doer rather than the done too

02GF74 - 27/10/09 at 03:40 PM

TBH I thnik you are dreaming - I can see the $$$ signs appearing in fornt of your eyes.

The only people to make money from this are those companies telling people they can may money from renting m-homes out.

What about renting one for the race meetings?

MK9R - 27/10/09 at 03:42 PM

quote:
Originally posted by 02GF74
TBH I thnik you are dreaming - I can see the $$$ signs appearing in fornt of your eyes.

The only people to make money from this are those companies telling people they can may money from renting m-homes out.

What about renting one for the race meetings?


i don't expect to make any money from it, just reduce the cost of ownership. I tried to rent for the race weekend, but the price was silly as you had to have it for 2 or 3 nights (350 pounds) and most people wouldn't rent it for a weekend, especially in peak and high season

motorcycle_mayhem - 27/10/09 at 03:46 PM

Do not discount the bed in the back of a Transit option, it's pretty locost.
The pre-2000 vans are gutless, but very cheap... it'll serve as a shed when not in use.

MK9R - 27/10/09 at 03:49 PM

quote:
Originally posted by motorcycle_mayhem
Do not discount the bed in the back of a Transit option, it's pretty locost.
The pre-2000 vans are gutless, but very cheap... it'll serve as a shed when not in use.


to be honest its not so much the sleeping bit, my roof tent is pretty good for that, its the rest of the time, i.e. cooking, sitting, getting changed etc, especially when the weather is shite

TimC - 27/10/09 at 04:33 PM

I've seen the future and it spells Bongo Friendee. With your family, could you not make the missus use it every day?
http://www.pistonheads.co.uk/sales/1006764.htm

Dave Ashurst - 27/10/09 at 04:38 PM

quote:
Originally posted by motorcycle_mayhem
Do not discount the bed in the back of a Transit option, it's pretty locost.
The pre-2000 vans are gutless, but very cheap... it'll serve as a shed when not in use.


Build your own?

One of the best motorhomes I ever saw was a home-converted, forward-control, ex-nato 4x4.

The guy who made it claimed theres an industry in germany supplying parts for a healthy DIY campervan converters market there.


MK9R - 27/10/09 at 04:38 PM

quote:
Originally posted by TimC
I've seen the future and it spells Bongo Friendee. With your family, could you not make the missus use it every day?
http://www.pistonheads.co.uk/sales/1006764.htm


look at the price!! 11k for something you can't stand up in!

02GF74 - 27/10/09 at 04:45 PM

quote:
Originally posted by Dave Ashurst
One of the best motorhomes I ever saw was a home-converted, forward-control, ex-nato 4x4.


there was a Land Rover 101 on ebay, ambulance body, for £ 3.5 k ish recently.

fo 11 K, you can buy a VW camper van and fit porsche engine!!

Dave Ashurst - 27/10/09 at 04:51 PM

quote:
Originally posted by MK9R
quote:
Originally posted by TimC
I've seen the future and it spells Bongo Friendee. With your family, could you not make the missus use it every day?
http://www.pistonheads.co.uk/sales/1006764.htm


look at the price!! 11k for something you can't stand up in!



But think of all the unrestricted pub nights you could have. Sleep in comfort in the pub carpark...

TimC - 27/10/09 at 04:56 PM

quote:
Originally posted by MK9R
look at the price!! 11k for something you can't stand up in!


Let's not exaggerate, what are you; about 5"2'?

If standing is important to you then I agree, not ideal but they're tidy (helping the domestic situation) and apparently drive in a car-like way. This is important to me - the drive home from Snett or Anglesey or wherever is a huge PITA IMHO and I'd gladly pay a bit more for something that reduced the pain. That thing I had at Silvestone is truly dreadful to drive - no doubt turbo diesel would improve things but it felt like it might wallow into a ditch at any moment. Great when you're parked up though - v.comfy. How did you sleep again?

Dave Ashurst - 27/10/09 at 05:00 PM

Austen, you must have grown since we last met... are you sure you can't stand up in this?

http://s69.photobucket.com/albums/i61/200bhpcars/bongo%20camper/



[Edited on 27/10/09 by Dave Ashurst]

iank - 27/10/09 at 05:15 PM

quote:
Originally posted by Dave Ashurst
quote:
Originally posted by MK9R
quote:
Originally posted by TimC
I've seen the future and it spells Bongo Friendee. With your family, could you not make the missus use it every day?
http://www.pistonheads.co.uk/sales/1006764.htm


look at the price!! 11k for something you can't stand up in!



But think of all the unrestricted pub nights you could have. Sleep in comfort in the pub carpark...


Be very careful with that. The offence is drunk in charge, not drunk while driving. Theoretically if you are walking towards it with keys in your pocket you're liable to a year ban and large fine, same with sleeping in it.
Guy at work was done a few years back just going to get his coat so he could do the long walk home.

Dave Ashurst - 27/10/09 at 05:20 PM

quote:
Originally posted by iank

Be very careful with that. The offence is drunk in charge, not drunk while driving. Theoretically if you are walking towards it with keys in your pocket you're liable to a year ban and large fine, same with sleeping in it.
Guy at work was done a few years back just going to get his coat so he could do the long walk home.



Oh! I didn't know that.. Not good.

How about leaving the keys with the landlord?

StevieB - 27/10/09 at 05:58 PM

quote:
Originally posted by iank

Be very careful with that. The offence is drunk in charge, not drunk while driving. Theoretically if you are walking towards it with keys in your pocket you're liable to a year ban and large fine, same with sleeping in it.
Guy at work was done a few years back just going to get his coat so he could do the long walk home.


I think I'd fancy my chances in court appealing against that judgement...