Inflation in motorhomes

[haganap]

I bought this vehicle 5 years ago for 62k with 2 previous owners with 29k miles..
I sold/pxd it for 44k and the new buyer paid 52k 12 months ago.

Today it has two more owners, 34k more miles and costs more than I paid 5 years ago.

Inflation and pandemic pressures brought home in one fowl swoop..
Nice van but way over priced if you all me

 

[bigwood]

Not quite in the same class but I was pleasantly surprised to see a motorhome the same as ours that was up for sale for more than we paid for ours six years ago. It didn’t have the solar panel or two leisure batteries. Also it had higher milage.
Tempting as it was I don’t want to part with ours just yet. By the time we do sell it the price hikes will be a thing of the past.

 

[The Wino]

They always say what goes up must come down!!. We are benefitting at the moment but there's little reason why they shouldn't fall just as drastically

 

[haganap]

They always say what goes up must come down!!. We are benefitting at the moment but there's little reason why they shouldn't fall just as drastically

I get your point but I'm not sure "we're " benefiting, well definitely not me !!! Someone is I'm sure

 

[DerryW]

Took ours's for its annual habitation inspection and damp check this week, asked dealer for valuation whilst they had it.

I was pleasantly surprised when they called me with the value. Whilst it was less than we paid for it 1 year ago. the difference was minimal. Had a look at a couple of Burtsner A Classes they had on the forecourt, but wife wasn't impressed.

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[The Wino]

I get your point but I'm not sure "we're " benefiting, well definitely not me !!! Someone is I'm sure

Well it's all theoretical money until you realise it but I feel a bit happier looking at values like they are rather than half as much

 

[Old Gibber]

They always say what goes up must come down!!. We are benefitting at the moment but there's little reason why they shouldn't fall just as drastically

You mean like house prices?

 

[Lenny HB]

The trade in price we have been offered for ours is a few grand more than we paid for it new 5 years ago.

I can't see pices dropping due the the increase in the cost of new vans which is still rising.

 

[Reallyretired]

I don't see how we are benefitting from high prices, either for motorhomes or houses. If you're buying its a disadvantage, likewise if trading up. It's only a benefit if downsizing or selling up.

 

[Just smiffy]

I’ve given up looking for another one now…..

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[CazPaul]

I’ve given up looking for another one now…..

Remember the old saying, Just when you think all hope is lost, 2 buses turn up at once, something like that anyway.

 

[Plumberz]

I thought about getting another moho but some arse hole company only offered me 19000 for a 2008 bessacarr E495 with 37000 on clock and great condition, realistically whats it worth... cheers Justin

 

[Minxy]

My MIL's Suzuki Alto car, bought new in 2014 (offer price at the time), has about 15,000 miles on and she's thinking of giving up driving next year (she's now 91) so I've just checked what sort or value it has and it's somewhere between £4k and £5k which isn't much less than she paid for it!

 

[SpeedyDux]

My MIL's Suzuki Alto car, bought new in 2014 (offer price at the time), has about 15,000 miles on and she's thinking of giving up driving next year (she's now 91) so I've just checked what sort or value it has and it's somewhere between £4k and £5k which isn't much less than she paid for it!

That illustrates perfectly why low paid home care staff are getting hard to recruit. The price of old small cars those carers rely on for getting to visit elderly clients has risen from about £1.5k to up to £5k. If they have to pay for their petrol and other running costs you can see why they give up. Net Zero, Clean Air Zones, and scrappage schemes are aimed at getting rid of those cheap cars. EVs for care staff?

 

[stevewagner]

My MIL's Suzuki Alto car, bought new in 2014 (offer price at the time), has about 15,000 miles on and she's thinking of giving up driving next year (she's now 91) so I've just checked what sort or value it has and it's somewhere between £4k and £5k which isn't much less than she paid for it!

My wife has the same model and year and is thinking of selling it, that should make her happy

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[Reallyretired]

We sold ours last year, didn't get quite as much but certainly more than we expected. A brilliant cheap car, zero road tax and up to 70 to the gallon if you're light footed enough.

 

[Landy Andy]

My MIL's Suzuki Alto car, bought new in 2014 (offer price at the time), has about 15,000 miles on and she's thinking of giving up driving next year (she's now 91) so I've just checked what sort or value it has and it's somewhere between £4k and £5k which isn't much less than she paid for it!

She bought a new car for £4 thou. Wow.

 

[steve69]

Wouldn't sell my moho for any figure. It's priceless (to me).

 

[Minxy]

She bought a new car for £4 thou. Wow.

No, it was just under £6k.

 

[steve69]

That illustrates perfectly why low paid home care staff are getting hard to recruit. The price of old small cars those carers rely on for getting to visit elderly clients has risen from about £1.5k to up to £5k. If they have to pay for their petrol and other running costs you can see why they give up. Net Zero, Clean Air Zones, and scrappage schemes are aimed at getting rid of those cheap cars. EVs for care staff?

There are some cars out there that are almost being given away. Because they fall into the high road tax, high fuel consumption bracket . If your usage of said vehicle is low, it could work out cheaper in the long run. Compare paying £6k + for a zero road-tax low fuel consumption model with a less than £2K model in the other category. Worth thinking about.

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[CazPaul]

That illustrates perfectly why low paid home care staff are getting hard to recruit. The price of old small cars those carers rely on for getting to visit elderly clients has risen from about £1.5k to up to £5k. If they have to pay for their petrol and other running costs you can see why they give up. Net Zero, Clean Air Zones, and scrappage schemes are aimed at getting rid of those cheap cars. EVs for care staff?

Yes and a lot of them only get 25p per mile allowance and don’t get paid for the travelling time between jobs.

 

[TheMachMan]

As others have said this is paper money. Unless you sell up for good or down size. We’d like to trade up at some point point the gap is getting too big. So we’ll just hang on and see if the bubble bursts when supply chains get back to some normality in a few years.
With the ban of combustion engines coming there is going to be a glut of so called collectors cars that will be less attractive.

 

[NigelNovice]

Main car Stealers (Dealers) are having to buy used motors to put in showrooms as the shortage of micro chips is leading to a shortage of new models hence the new Fiats delay

 

[ghiaguy]

Not quite in the same class but I was pleasantly surprised to see a motorhome the same as ours that was up for sale for more than we paid for ours six years ago. It didn’t have the solar panel or two leisure batteries. Also it had higher milage.
Tempting as it was I don’t want to part with ours just yet. By the time we do sell it the price hikes will be a thing of the past.

Just like everything has a ceiling, the collapse will come.

 

[NoName]

Main car Stealers (Dealers) are having to buy used motors to put in showrooms as the shortage of micro chips is leading to a shortage of new models hence the new Fiats delay

Beware the dealer who uses a damp meter and states there is a problem. Check a) not condensation
b) dealer wets finger and smears contact points. c) meters only measure surface moisture.
Friend who owned a company that specialises in damp proofing told me of tricks employed by some unscrupulous dealers

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[VXman]

They always say what goes up must come down!!. We are benefitting at the moment but there's little reason why they shouldn't fall just as drastically

The smart thing to do would be to sell now and wait for prices to drop and then re buy. Problem is you wouldn't have a motorhome to use in the meantime.

 

[bigtwin]

Yes and a lot of them only get 25p per mile allowance and don’t get paid for the travelling time between jobs.

True, but they can recover, from HMRC, the delta between what HMRC allow (40p IIRC) and what they’re paid/mile.

However, I suspect that most aren’t aware of this.

Ian

 

[Brains]

A neighbour has just sold an 2020 car with 47 miles on the clock (no, not a typo!)
He got slightly less than he paid for it.

(A sad case, bought by his brother just before the pandemic hit, parked it up outside the house where it sat for 18 months, during which time he got dementia and is now in a home)

Our motorhome, bought at the same time, now has an extra 12K miles on the clock, and the value at one point doubled!
It's probably worth 30% more than we paid for today. (We had to up the insurance replacement value)

 

[suavecarve]

She bought a new car for £4 thou. Wow.

We bought our current Hyundai i10 in 2009 for £4,500 with the scrappage deal giving us the actual price of £6,500.
Recently looked up the price for it as about a grand (with 100,000+ on the clock)
Plenty of life left in her yet.

 

[nicholsong]

True, but they can recover, from HMRC, the delta between what HMRC allow (40p IIRC) and what they’re paid/mile.

However, I suspect that most aren’t aware of this.

Ian

But can only offset against tax if they earn over the personal allowance and I suspect many do not.

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