Best ways to pay for new motorhome.

Discussion in 'Motorhome Chat' started by Nigel&Debbie, Dec 28, 2012.

  1. Nigel&Debbie

    Nigel&Debbie Read Only Funster

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    Hi, We have just purchased our 1st new motorhome, and take delivery on March 5th (new number plates).

    When we purchased it at the begiunning of December, we put £2000 deposit via credit card.

    The company is asking that we pay balance (£48,000) on or around the 7th January. The balance will be paid from savings as opposed to a specific bank loan.

    Section 75 of the Consumer Credit Act 1974 only covers purchases with credit cards costing bewteen £100 and £30,000 .

    Advice please - what is the best way to pay the balance so that I have some protection should the company go bust between now and the 5th March.
     
  2. badge

    badge Read Only Funster

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    Could you not pay the balance in 2 transactions that's what i did , that way you have cover on 2 separate , payments ???? . just a thought !!!

    Regards Paul
     
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    badge Read Only Funster

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    Also forgot to mention , Good luck with the new m/h , hope you enjoy like we have ....
     
  4. Bluemooner

    Bluemooner Funster Life Member

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    I paid for ours on the day we picked it up so we could have a good look at it 1st

    Andy
     
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  5. jhorsf

    jhorsf Read Only Funster

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    This is not the practice I am use to I would not pay until I had inspected on collection as you say they could go bust burn down anything why should you pay before delivery
     
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  6. tonka

    tonka Funster Life Member

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    You pay the balance when you collect the vehicle. When you are there and have checked its all ok..
    Debit card, simple.... Costs the dealer about 25p for the transaction. All you have to do is arrange funds into current account on that day, perhaps let the bank know as well that you will be making a big transaction. Worst thing that will happen is a security check on the phone while you are at the dealers..
    Bought many cars and vans this way.

    Why would they want the balance before you pick up ??
    No way would I do that !!!!! Be wary !!!!
     
    Last edited: Dec 28, 2012
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  7. buttons

    buttons Funster

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    You are a braver man than me, you have already given a substantial deposit dont give them another penny untill you have checked the van thoroughly then as already said use a debit card or CHAPS same day money transfer.
     
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  8. keith

    keith Funster

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    If a dealer said that to me I would more than suspicious, I would refuse to pay anything until I had inspected the MH and was satisfied with it.

    Too many times we hear of dealers saying one thing then not doing it, and once they have your money ...................... anything could happen.
     
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  9. lorger

    lorger Funster

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    Hi and welcome

    Like the others I wouldn't pay a penny more until the pick up day, if they can transfer founds for houses on the day then they can do it for this amount with no problems.

    If you pay the dealer has no incentive to get your van to you as he already has his money.

    Good luck
     
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  10. simsy56

    simsy56 Funster

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    I would go along with the rest on this one. Pay the balance when you are satisfied the vehicle is to your expectations.

    Craig
     
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  11. Encantador

    Encantador Funster

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    As they have £2000 of your money and you no doubt signed something on the day agreeing to their terms, you may be stuck now with paying the balance early.

    Paid ours on the day, checked with the bank and got different stories, one person said there was a £30000 limit per transaction, another said no limit. I didn`t want to take the risk of having all the money in one account only to find that after the first transaction of £30000 it was a limit `per day`(just really expecting something to go wrong). So I transferred part of the money to a different bank a few days before and paid with two separate debit cards.
     
  12. joner8888

    joner8888 Read Only Funster

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    Also, take a gas bottle,fill up the the water tank and give EVERYTHING a test before you pay up.
    Too late on your first trip to find something is faulty and you will be angry about it.
    I seen threads on here about new motorhomes that play up.
     
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  13. Terry

    Terry Funster

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    I agree with Joner :BigGrin: I would be interested in Peters (JCM)reply to this :BigGrin:
    If I were paying 50k for a van I would be all over it like a rash checking EVERYTHING :thumb: give them a call a couple of weeks before you pick thevan up and let them know you are going to check everything is Ok with the van before you pay :Wink:
    The only reason I can think of for paying for the van months before you take delivery is they want to use your money to pay winter's overheads :Smile::Doh:
    Terry
     
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  14. maxsdad

    maxsdad Funster

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    We have always paid for our vans by bankers draft on the day we pick up the van.
    The only way the dealer can justify early payment is if the van is already in stock and you are delaying the delivery date.
    You could overcome this if you have somewhere of road to store the vehicle by getting the dealer to deliver it to you on trade plates and then register it yourself in March.
    Check first if your insurance company will cover you on the chassis no.
    Whatever happens don't pay before inspection and collection/delivery.
     
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  15. chesterfield hooligan

    chesterfield hooligan Funster

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    :Rofl1: you could always use someone else's card and let them worry about it :Rofl1:
     
    Last edited: Dec 28, 2012
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  16. spongy

    spongy Funster

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    Definately do not pay the balance until you collect the vehicle. Motorhome delivery dates are renowned for getting extended sometimes by a couple of months or more. Dealers also fail quite frequently and although you may be covered for compensation on your visa card it will be a long and drawn out claim. I would,nt want several months sleepless nights.

    spongy
     
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  17. Techno

    Techno Funster Life Member

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    Who is the company/ dealer? Never heard of such nonsense
     
  18. Johns_Cross_Motorhomes

    Johns_Cross_Motorhomes Trader - Motorhome & Accessory Sales

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    My policy is that payment is due on the day when the van is handed over to the customer unless there are specific reasons for payment beforehand.

    Peter
     
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  19. jaygee

    jaygee Funster

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    Why do they require early payement? Pay on pick up if possible.
    What happens if you pay in full and then they go broke:Sad:
     
  20. voyagerstan

    voyagerstan Read Only Funster

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    as everyone says keep hold of the dosh better in your bank than theirs anything can go wrong . do not pay up till completley satified .if they dont want it that way there are plenty more reputable dealers about .:rain::rain::restmycase::restmycase:
     
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