What's the normal deposit asked ...... (1 Viewer)

Fletton

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When ordering a new MH?

Got my eye on a stock one ... And have nearly convinced SWMBO on the expenditure... but she's asked what the likely deposit would be... to hold a van for... say the next 10 to 12 weeks until balance of funds becomes available?..

Have any of you Funsters had any experience with deposits that you can share :)

Cheers John
 

CWH

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ours was a straight £2000, a year ago
 

Carol

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When we bought ours all be it 10 years ago, we needed it holding for 6 weeks they did this for £1000. We were never sorry still love the van.
 
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Fletton

Fletton

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ours was a straight £2000, a year ago

Can I ask - was that based on a percentage of the value of vehicle... or just a figure agreed by both?

John

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Fletton

Fletton

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10 - 12 weeks is a long time so I would guess most dealers would want more than just a normal holding deposit for a m/h they already have in stock.

I would argue it's less time than waiting for a factory order though :).
 
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Fletton

Fletton

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10 - 12 weeks on a stock m/h is a long time so I would guess most dealers would want more than just a normal holding deposit required on a new one .


That said.... would they buy a "normal holding deposit".. if I agreed it to be non refundable?..
 

CWH

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was that based on a percentage of the value of vehicle... or just a figure agreed by both?
just an agreed amount, not a percentage, though I expect the dealer had a rough percentage in mind that they'd accept

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Silver-Fox

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im a not so newbie
I cant see how being a MH is any different to say a car as regards to putting a deposit on for holding, especially non refundable.

You agree an amount and a time limit if the dealer doesnt want to do that then walk away.

Without seeming harsh its the dealers loss of a sale you can always find another MH, he might struggle to find another buyer as quick and committed :)
 
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Fletton

Fletton

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Thanks for all replies .... Wifery now "good to go"...

Insofar as... I've been instructed to sort accommodation for a 500 ml round trip to view MH nxt weekend with the intent to negotiate a deposit for a purchase .... :)
 

dave newell

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I would have thought any significant sum would do, £1000 non returnable deposit focuses the purchasers mind not to muck about which is all a holding deposit needs to do.

D.
 
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£500.00 on a new one about ten years ago, £2000.00 about five years ago.

May I suggest you consider the distance you are travelling to view it, it will be the same for any warranty work, assuming it comes with one. If its an "insurance" warranty, any w work may well be able to be done locally.

Don't want to put you of, but long distance warranty work is expensive.

Good luck with your project.

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Fletton

Fletton

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£500.00 on a new one about ten years ago, £2000.00 about five years ago.

May I suggest you consider the distance you are travelling to view it, it will be the same for any warranty work, assuming it comes with one. If its an "insurance" warranty, any w work may well be able to be done locally.

Don't want to put you of, but long distance warranty work is expensive.

Good luck with your project.

Thought of that....

two options....

1. There is a dealer about two hrs away... and I've seen negotiations for warranty work "transferred" to a local...

2. An excuse for a a couple of days "away" in the M/H :)
 

dshague

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just ordered a new used van on Thursday £1000 deposit pick up Monday ,if you where ordering a new reg 20115 van now some models could take 12 weeks to come in stock .was quoted June last week on a new tribute 625 to be built .dealer wanted £500 deposit ..
 
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Fletton

Fletton

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just ordered a new used van on Thursday £1000 deposit pick up Monday ,if you where ordering a new reg 20115 van now some models could take 12 weeks to come in stock .was quoted June last week on a new tribute 625 to be built .dealer wanted £500 deposit ..

can't wait that long.... lol :)
 

Minxy

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No more than £1000, remember if something happens in the 12 weeks and you are unable to go ahead you've lost that money as they will NOT give it back! If you are planning on using your 'pension lump sum' to buy it please check when you will be able to actually get hold of the money as due to the likely high demand there may be some delays in it coming through.
 

Minxy

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Thought of that....

two options....

1. There is a dealer about two hrs away... and I've seen negotiations for warranty work "transferred" to a local...

2. An excuse for a a couple of days "away" in the M/H :)
3rd option ... is there a dealer with the MH you are interested in more locally which you could have a mooch around to check it is DEFINITELY the one you want before you travel so far?

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Judge Mental

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in this day and age I would not be giving a large deposit to anyone:cautious: IF you dont know what the companies financials are like...you can credit check for free on line. I remember a few years ago a company asked me for a large deposit (not motorhome) I checked their financials, they had less in the bank then I had in my current account..so they were told where to go!:censored:
 
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Fletton

Fletton

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3rd option ... is there a dealer with the MH you are interested in more locally which you could have a mooch around to check it is DEFINITELY the one you want before you travel so far?


Alas.... nope!... scanned the tinternet until me eyes have bled....

visited most... within a 3hr drive of home...

Known as "Sod's Law" ... I do believe :)
 
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Fletton

Fletton

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in this day and age I would not be giving a large deposit to anyone:cautious: IF you dont know what the companies financials are like...you can credit check for free on line. I remember a few years ago a company asked me for a large deposit (not motorhome) I checked their financials, they had less in the bank then I had in my current account..so they were told where to go!:censored:

That has crossed my mind.... but I'm as sure as I can be... that it will all work out in the wash.... If not... Hey-ho.. it's only money :)


I will of course check them out prior to parting with my "debt notes"... :)
 
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Fletton

Fletton

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No more than £1000, remember if something happens in the 12 weeks and you are unable to go ahead you've lost that money as they will NOT give it back! If you are planning on using your 'pension lump sum' to buy it please check when you will be able to actually get hold of the money as due to the likely high demand there may be some delays in it coming through.

Have considered that too.... I'm not a gambler at heart ... So wouldn't make any financial commitments that Left me vulnerable... [ I hope :)... ]
 

ABZSteve

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I paid £2k on credit card for our new van. That was in October 2014 for a March 2015 delivery.
 

Cal54

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Purchased mine in September 2013. I agreed the deal over the phone with a set delivery date which was 10 weeks approx. I paid a £1000 deposit but used my credit card (gave me insurance). I had to amend the date due to a delay in releasing the funds but this wasn't a problem.
 

mjltigger

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best option is to wait until you have the cash and barter £1000 off the price.

I agree. If it's meant to be your MH it will still be there and the dealer will be looking to get it cleared through, if not, you will be free to have the cash ready for a quick purchase once you find the one you are meant to have.
 

joncris

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Ask them but offer as little that you can cos if you don't buy you'll not get it back. I would suggest offering no more than £250. Which I consider is enough to show you're a serious buyer

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