Depreciation rates

[SpeedyDux]

No the description is correct because at each stage its paid on the value added by the person doing the transaction. I agree the amount is about the same but traders would like people to believe the myth that the reduction is due to vat when in reality its due to the mark up they need to make to trade. The value of anything is what someone will pay for it.

I would like to see evidence that the supplying dealer has somehow added value to the new MH.

PDI? - A tick sheet exercise that misses defects. The first owner ends up having to make warranty claims. What else? A wash and polish. A handover. Nothing remotely close to adding any real value.

[The "extras" that are dealer options have their own VAT element so don't count.]

 

[The Wino]

I would like to see evidence that the supplying dealer has somehow added value to the new MH.

PDI? - A tick sheet exercise that misses defects. The first owner ends up having to make warranty claims. What else? A wash and polish. A handover. Nothing remotely close to adding any real value.

[The "extras" that are dealer options have their own VAT element so don't count.]

They have added value in the same way a shop selling most things have they buy in and sell on!!! Sainsburys don't make wine but they still pay VAT on what they sell!

 

[Vipar]

It is what it is, just enjoy the van or you will go grey like me.

 

[SpeedyDux]

They have added value in the same way a shop selling most things have they buy in and sell on!!! Sainsburys don't make wine but they still pay VAT on what they sell!

So we agree that the "added value" at the retailer end of the supply chain is an illusion?

 

[Jenka]

I think you are being very pessimistic, Hymer's don't depreciat anything like that.

Totally agree even dare I say my British built van has hardly lost any thing (on paper PX) against a new order from my dealer ,as long as I am happy with the final balance I don't care it's all about what leaves my bank account!

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[Cheshirecat57]

Depreciation - why worry.
If you travel around Europe and get a spanking deal (£20 k off or whatever) you could have brought it back and had 10 k profit on day 1.....maybe
So you have lost that 10k that you could have had ?

Unless of course you saved £10 a day by not smoking for a year, thats another £3650 that you haven't lost/ not not made?

OP - Depreciation exists , just needs managing . It is variable, just don’t mention the VAT, cos thats a myth
Remember that your jeans depreciate almost 100% after a single days wear

 

[Ernesto]

Its a bit like trying to nail a jelly to the wall as others have said ...

Apparently PVC's have been the fastest growing part of the market for a few years - that might mean firmer trade-in values than for coachbuilts, but only as long as this trend continues. Also when we bought ours, it appeared that >3,5 tonne coachbuilts were proving harder to shift (anecdotal comments from our dealer - nothing scientific) due to the licence requirements.... but then again, if we bought the "wrong" PVC, then any benefit would be rendered meaningless anyway.

As my old man always said to me about cars (but equally valid for vans I reckon) .."there are only two types of cars in this world.. expensive ones, and fecking expensive ones" Take your pick

 

[Cheshirecat57]

Ernesto
Trust me ( i know) you have NOT bought the wrong PVC

 

[The Wino]

So we agree that the "added value" at the retailer end of the supply chain is an illusion?

Only if you want to have no shops or dealers!!

 

[Cheshirecat57]

Dealers absolutely have to retain the right to ask for a margin.

Consumers absolutely have to retain the right to choose whether that margin is too much or acceptable to THEM for what THEY want

“ Value” must not be confused with “Price”

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[GWAYGWAY]

I think you are being very pessimistic, Hymer's don't depreciat anything like that.

Looking at basic model selling price on the secondhand site in mmm that is what they are going for, mine is top spec and cost a lot more but they do not count on the second hand market for buying in. Heads you lose tails they win. Mine will go on the private market when the time comes, but the difficulty of getting somebody who has the money and not requiring finance is more difficult .

 

[haganap]

its just an impossible task. Far better to convince your wife on the cost of nights away.

We done a similar exercise on the way home from Southport the other day. We have had over 80 nights away this year. Over a period of 15 years motorhoming we have fell in between 60 and 90 per year..

We managed to get the cost down to an average of £65 per night as a cost. Including depreciation, fuel, repairs, insurance, finance payments, site fees and pretty much everything else.
We compared that to 80 nights away in a travel lodge and the cost for that came in at about £110 per night. To do this we took in to account a 2 week skiing holiday and a 2 week summer holiday which we do in the MH.

If you try and sell it on depreciation you are on a loser. A van is less valuable if you need to get rid of it right here right now. If you were to PX it for example then you are likely to get far more. If you had the patience and the time you could sell privately for maybe even a little more. Then on top of that, each van has a ceiling which it will depreciate to then pretty much lose a lot less over each year.

example would be that my van was 65k
after 7 months I wanted shot of it, no PX just ring a dealer as if I had died and sell it. Offer 51k--- therefore depreciation of 14k over just 7 months.
Obviously, I kept it. nearly 2 years on saw a van, thought I would like it, negotiated a PX for mine. Px price 60k
depreciation over 2 years 5k 2.5k per year. Whilst looking at said van saw another that I liked at 89k.. Then offered 63k for mine. Therefore going down only 1.5 k per year.

Again, if I offered mine to a dealer now, because I had just had enough, the same dealer is offering 50k showing a depreciation of 12k over 2 years.

The above just shows it's impossible to work out, the motorhome market is just too all over the place.

I know old Hymers that still pull in 25k and they were pulling that in 5 years ago, I once paid 22k private for an Adria and sold it to a dealer in a PX deal for 25k.

The only guarantee way... Get the right van and keep it. The more nights away you do the cheaper it will work out.