tempted to sell (1 Viewer)

[paulus the woodgnome]

could have paid my mortgage off today if hadn't brought my motorhome
emma will be leaving home next year after finishing uni
could sell my motorhome and pay mortgage off and have some money in the bank and then go on cheap deal holidays just me and di out side of school holidays
by the time i pay my storage fees mot tax insurence breakdown cover habitation service and repair bills could pay for a few weeks away to distant shores with no mortgage either
very tempting what with judder problems (now resolved) service companies leaving engine oil covers off 4th gear problems and other problems and maintanece costs at this moment in time it is a very tempting thing to do

poll what would you do

 

[Loujess]

I can see the attraction. My sister recently lost her static in Wales, due to flooding, and has calculated that they can have some great weekends and holidays for the cost of going up and down to the static. However, since we are just having our upholstery re-upholstered, I am committed for the near future. One trouble for us is that we can't carry heavy suitcases now and it is so much easier to just take everything straight from the house and into the van.

Ivy

 

[pappajohn]

Sell the motorhome.
pay off the mortgage
sell the house.
buy an RV
go full time.

easy innit ?

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[paulus the woodgnome]

would love to but we both have work commitments and need money to live only 51 and can't retire yet so not so easy

 

[Chris]

would love to but we both have work commitments and need money to live only 51 and can't retire yet so not so easy

Sell the Motorhome - but only when the interest rates go up.

Mortgages are cheap as chips at the moment:thumb:

 

[paulus the woodgnome]

Sell the Motorhome - but only when the interest rates go up.

Mortgages are cheap as chips at the moment:thumb:

idea then sell the motorhome pay off mortgage and then use the remaining money to get a cheap mortgage on a property and then rent out to students etc making money rather than losing it on depreciation :thumb:



for sale one motorhome

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[hilldweller]

poll what would you do

Sell.

Seems the logical solution for you.

 

[paulus the woodgnome]

Sell.

Seems the logical solution for you.

are you mad no more trips up the swiss mountains or down to venice over the dolomites having lunch at the top of mountains

 

[buttons]

could have paid my mortgage off today if hadn't brought my motorhome
emma will be leaving home next year after finishing uni
could sell my motorhome and pay mortgage off and have some money in the bank and then go on cheap deal holidays just me and di out side of school holidays
by the time i pay my storage fees mot tax insurence breakdown cover habitation service and repair bills could pay for a few weeks away to distant shores with no mortgage either
very tempting what with judder problems (now resolved) service companies leaving engine oil covers off 4th gear problems and other problems and maintanece costs at this moment in time it is a very tempting thing to do

poll what would you do

Sell, keep the mortgage and get yourself a VW, No storage cost very cheap to run and maintain, get rid of the car as the VW will perform every task you use your car for. Yet you will still have a high speed luxury mode of transport that you can use to have dinner on whichever mountain top you fancy. I did it when my kids flew the nest and never looked back.:hardhat:

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[acting_strange]

Sell the Motorhome - but only when the interest rates go up.

Mortgages are cheap as chips at the moment:thumb:

And just where are mortgages cheap as chips at the moment???

My daughter is easily earning enough money to pay a mortgage but she can't get one do to the heavy deposit required...

Please don't make things out to be easier than they really are....it's awfull for new couples nowadays...thanks to the greed of the bankers etc...

 

[paulus the woodgnome]

thanks for that but brought a touran from vw they changed the cambelt and three weeks later the pulley system collapsed as they had tightend one of the bolts too much and it snapped leaving only one to hold it on until it collapsed had to get local garage to drill it out and fix it had to argue for three years with them to get the abs unit fixed only done after don't get done get dom program sorted it out for vw customers they tried to get away with not fixing a manufacturing fault which would have cost 1400 pounds and they still wouldn't fix my door that dropped due to the spot welds rusting and my neighbour and myself had to fix a second hand one on but they said it was caused by the wind (oh come on )and only a 54 reg so vw a no go on customer service and maintenance never buy one again for what the car cost me but thanks for your reply i know you were only trying to help:thumb:

 

[Ralph-n-Bev]

And just where are mortgages cheap as chips at the moment???

My daughter is easily earning enough money to pay a mortgage but she can't get one do to the heavy deposit required...

Please don't make things out to be easier than they really are....it's awfull for new couples nowadays...thanks to the greed of the bankers etc...

I think Treacle meant that they are cheap as chips if you already have one , interest rate wise. Not if you were starting out.
I may be wrong.
Id do the same as him too. Depending if there were any penalties involved in doing so.

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[buttons]

thanks for that but brought a touran from vw they changed the cambelt and three weeks later the pulley system collapsed as they had tightend one of the bolts too much and it snapped leaving only one to hold it on until it collapsed had to get local garage to drill it out and fix it had to argue for three years with them to get the abs unit fixed only done after don't get done get dom program sorted it out for vw customers they tried to get away with not fixing a manufacturing fault which would have cost 1400 pounds and they still wouldn't fix my door that dropped due to the spot welds rusting and my neighbour and myself had to fix a second hand one on but they said it was caused by the wind (oh come on )and only a 54 reg so vw a no go on customer service and maintenance never buy one again for what the car cost me but thanks for your reply i know you were only trying to help:thumb:

I can only speak as I find, now on my third without a hitch. There are other similar campers not VW but the concept of small go anywhere camping gives a whole new approach to camping that suits some.:thumb:

 

[Reallyretired]

All down to retirement planning. You don't want to retire with a mortgage otherwise you won't be able to afford anything. Motorhomes are really only worthwhile if you can afford the time to use them a reasonable amount so you need to be retired. We are just returning from France/Spain where we have been a month. Have to go home for a few weeks then hopefully off again, depending on whether I get called for my op (ablation). While at home we will get new awning fitted as ours is beyond repair and reupholstered.

 

[Chris]

And just where are mortgages cheap as chips at the moment???

The OP has an existing mortgage. Interest rates are very low. I am paying 1.99% over Base. That's cheap as chips.


I appreciate it is not easy to get a mortgage at the moment but the thread wasn't about that

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[haganap]

The OP has an existing mortgage. Interest rates are very low. I am paying 1.99% over Base. That's cheap as chips.


I appreciate it is not easy to get a mortgage at the moment but the thread wasn't about that

Wow your getting ripped off

0.5 % over the boe base rate, and 3 years to go


Paul don't sell you will regret it... You should have more time on your own now daughter leaves home :thumb:

 

[Chris]

Wow your getting ripped off

0.5 % over the boe base rate, and 3 years to go


Paul don't sell you will regret it... You should have more time on your own now daughter leaves home :thumb:

Maybe but that's my permanent rate with no penalty for early repayment from the start.:thumb:

 

[Ivory55]

its all right to sell but are all the full timers retired or do they have to work as well? we have looked at it but would need a small income as well. cheers colyn

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[Minxy]

If you want to retire 'early', you have to plan for it - we had been planning and saving specifically for this purpose for nearly 10 years to be able to do it - hubby was 52 when he retired 2.5 yrs ago, I retired last Christmas at 48.

FWIW - for mortgages, don't pay them off if you have other debts/loans, pay them off first if you have spare cash as they are likely to be at a higher interest rate than your mortgage, then pay off your mortgage with the remaining cash rather than putting it into a savings account of some sort which will normally give a lot less interest that you are paying out for your mortgage payment.

Our mortgage is a tracker at 0.74% above base and we've got at least 10 years at this 'rate' left to go!!! :thumb: Also, we have tenants in a property we bought with the mortgage and we are currently getting over £300 a month clear 'profit' on the rent (although it wasn't always like that of course!). Oh, and no early repayment/overpayment penalties at all!

 

[acting_strange]

The OP has an existing mortgage. Interest rates are very low. I am paying 1.99% over Base. That's cheap as chips.


I appreciate it is not easy to get a mortgage at the moment but the thread wasn't about that

Ok...sorry...misread....:Blush:

 

[Chris]

Ok...sorry...misread....:Blush:

No problem.:thumb:

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[lorger]

Do what we did 4 years ago, we sold the house and downsized. We didn't have a big mortgage just wanted to release the capital to buy a couple of rental properties so we moved from a nice modern house we had built for us in 1999 and now live in a small 2 bed cottage, at first it was hard to cope going from 3 bathrooms to 1 when you have a 14 year old girl in the house
Have to say best thing we ever done and now have 3 rental properties all paid for from our house sale and looking to ad our 4th this summer with a small mortgage if required.

Our daughter is hoping to go to Uni in 3 years time in Glasgow so actually looking to buy a flat up there for her and rent it until she needs it, when she needs it the rent she can get from sharing with a couple of friends will pay for it hopefully. Would really like a new or newer mh but thought it better wait until Sophie is away and not coming on hols with us then we can buy van the suits us rather then one that suits family.

 

[normanandsue]

Woodgnome - I learned a long time ago there is no financial sense in owning a motorhome - then there are lots of other things that I could do that wouldn't make financial sense either, but what a boring, lack lustre life we would lead if we only did what made financial sense.
If the financial cost of running your motorhome outweighs the joy you both get then its a no brainer - sell the motorhome and be happy.
If the joy you both get from your motorhome outweighs the cost then keep it and be happy.

Sorry I can only give advice the choice must finally be yours. Happy deliberations.

Norman

 

[Scout]

the main problem I forsee is "selling" I see lots advetised, but not selling, unless of course they are cheap as chips.....


its a buyers market and unless you bought cheap in the first place I think the "drop" would be upsetting

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[Terry]

We have had our fill of airplane hols /airports.Had above 20 yrs 3/4 times a yr and now we enjoy the van :thumb:Hols start as we drive off the drive Never in a rush to get from A to B or on much of a fixed timetable -We do what we want when we want and can eat drink or smoke as we please (I don't smoke)but you get the drift The cost of running the van less fuel is under £1000 per yr so that would only buy a very cheap hol for 2 plus we used to spend above £200 without getting out of the airport goes a long way on fuel
At the same time being mortgage / loan free is a big bonus/nice feeling :thumb: only you can decide
terry

 

[joner8888]

Pay the loan off later , have some fun NOW , the truck may hit-- (hopefully not) tomorrow
Sit in a paid off house --stamp collecting , why?
Mortgauges are cheap now i belive.
Try and go back after selling up and get a loan for a MH afterwards --you will pay a high %