How do folks afford motorhomes

Our first one was a banger and was bought when we were students. We change a few times when the kids grew. We kept one for 17 years. The savings for family holidays meant we could save.

Of course we ended up selling the kids when we wanted our last one. 🤣
 
This post was deleted as it was on the wrong thread. Sorry.
 
Our first one was a banger and was bought when we were students. We change a few times when the kids grew. We kept one for 17 years. The savings for family holidays meant we could save.

Of course we ended up selling the kids when we wanted our last one. 🤣
Which site did you use eBay or gumtree? 🤣🤣🤣
 
I'm not your stereotypical motorhome owner - single parent in my 30s. Incredibly fortunate to own my house mortgage free. Recently purchased my 20 y/o moho outright; I have no consumer debt. I don't spend a lot of money on other non essentials and if the SHTF I can always sell the van.
 
I think I must be in a different world than some on here, we have had various threads recently of people buying motorhomes for over a hundred grand and having all sorts of problems, and recently in a current thread someone breaking down in France and it's going to cost 11 grand to put it right, these figures are totally alien to me, I couldn't afford more than £5000 to either buy or repair a van , where do these amounts of money come from.
Simple answer, put in a SHIFT. Came from a working class family, no inheritance just tried to use the best of my abilities.Never owned a credit card.If I couldn't afford it , wouldn't buy it.
 
Passed me today on the A68.

Held together with duck tape and passing a 38 toner at 57.9 mph. I think he needed Sind new indicator bulbs and the Porsche behind him a new set of ceramic brakes. As I passed he was chatting to his passenger vis-a-vís with hand signals. Oddly, with body language to his co-pilot.

Mańana as they say
 
some questions for chaser
whats your farm worth?
did you buy it or inherit it?
whats your tractor collection worth?

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some questions for chaser
whats your farm worth?
did you buy it or inherit it?
whats your tractor collection worth?
Maybe a million, not much different than an ordinary house in London.
My father died at 53 in 1967 when I was 20 and quite content in the building trade, he left 15 acres to my mother with still about 15 years mortgage on it, I stopped working in the building and stayed at home to do the work for my mother, ok so that was a start of sorts but never again saw the money I could have been making, subsequently I worked every hour I could, and eventually bought another 30 acres and rented another 50, got married had 3 kids, built my own house, and every penny I made was into looking after a mother, wife ,3 kids more land and stock, my father had 12 dairy cows, I built that up to eventually 100, but never a spare penny, when I was farming I couldn't afford a decent tractor and made do with a £180 fordson major, which thankfully just ran and ran and I still have it now , the first and favourite of my collection.
We have 31 tractors now between us, about 15 are officially mine , all but the latest one have been less than £1000, now I would say they are probably worth on average £2500 each, so not much more than 30 grand.
Hope that answers your questions (y)
 
Wow over a million pounds worth of property and mortgage free. Can’t imagine being in that situation. But I can buy a Moho.
 
Buy what you can afford and enjoy it. There's a lot to be said for having something that isn't new; our is an older A Class that we are happy to do bits and pieces to and we have the benefit of what previous owners have done, too - like a decent sound system right through including in the bathroom, and a built-in electric toothbrush charger! Not things we would have done or paid extra for but they're nice to have. Plus you don't have the high stress level of when something goes wrong or you accidentally damage something.

Don't assume that what everyone else has is actually bought and paid for, either! They might be juggling money but like to give the appearance of having more than they actually do.
Your comments remind me of a friend who stubbornly refuses to replace his work van, and instead spends more than it's value on repairs - his reasoning is if he gets a new one, he'd have to look after it!
 
Wow over a million pounds worth of property and mortgage free. Can’t imagine being in that situation. But I can buy a Moho.
But can you suddenly lay your hands on 11 grand to put a new engine in it?

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Chuff me I didn’t think the OP had owt and was feeling for him as he was in the same position as me and it turns out he has a house/land worth a million quid so probably one of the richest on here.

I would be flogging it and spending before it’s too late but that’s just me.
 
Depends how much a person wants/needs a newer van or anything he/she could sell part of their assets to fund the new purchase.
This is if they did not want to borrow against it.
 
Chuff me I didn’t think the OP had owt and was feeling for him as he was in the same position as me and it turns out he has a house/land worth a million quid so probably one of the richest on here.

I would be flogging it and spending before it’s too late but that’s just me.
But until he sells it's all on paper and the trouble with farms is they often go down the family route;)
 
But until he sells it's all on paper and the trouble with farms is they often go down the family route;)
Until you sell anything it’s all on paper when they compile the Forbes rich list they don’t use money in the bank.

I just had this vision he was a paid up member of the “Skint motorhomers Society” of which I may add I am the president🤣

But it doesn’t stop you having a laugh or enjoying your van.
 
I think the point is how many have that much liquidated cash!

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Maybe a million, not much different than an ordinary house in London.
I hope the rateable value is well up to date?
But can you suddenly lay your hands on 11 grand to put a new engine in it?
I couldn't.
Chuff me I didn’t think the OP had owt and was feeling for him as he was in the same position as me and it turns out he has a house/land worth a million quid so probably one of the richest on here.

I would be flogging it and spending before it’s too late but that’s just me.
But as said,farmers don't. It gets handed down usually.
 
I hope the rateable value is well up to date?

I couldn't.

But as said,farmers don't. It gets handed down usually.
Somewhere along the line, in the future, a generation of family will sell the farm at great profit. Money usually talks.

It isn’t law or some unwritten rule that you have to pass the farm down, my dad would say”If you you haven’t much cash, sell the bleeder and enjoy it”

Anyway I’m off to get the tea bags off the washing line, kettle has nearly boiled.
 
Chuff me I didn’t think the OP had owt and was feeling for him as he was in the same position as me and it turns out he has a house/land worth a million quid so probably one of the richest on here.

I would be flogging it and spending before it’s too late but that’s just me.
Not sure farming works like that, the farm may be providing a living/home for other people and a retirement income for the OP. I don’t know, or need to know but a mortgage is not the only limiting factor that affects selling land.
 
Maybe a million, not much different than an ordinary house in London.
My father died at 53 in 1967 when I was 20 and quite content in the building trade, he left 15 acres to my mother with still about 15 years mortgage on it, I stopped working in the building and stayed at home to do the work for my mother, ok so that was a start of sorts but never again saw the money I could have been making, subsequently I worked every hour I could, and eventually bought another 30 acres and rented another 50, got married had 3 kids, built my own house, and every penny I made was into looking after a mother, wife ,3 kids more land and stock, my father had 12 dairy cows, I built that up to eventually 100, but never a spare penny, when I was farming I couldn't afford a decent tractor and made do with a £180 fordson major, which thankfully just ran and ran and I still have it now , the first and favourite of my collection.
We have 31 tractors now between us, about 15 are officially mine , all but the latest one have been less than £1000, now I would say they are probably worth on average £2500 each, so not much more than 30 grand.
Hope that answers your questions (y)
Just answered your own question Charlie your net worth is well above mine but rather than buying a bigger property or flash cars we spend it on Motorhomes and we could afford the 11k if the engine went pop without a problem.
 
Maybe a million, not much different than an ordinary house in London.
My father died at 53 in 1967 when I was 20 and quite content in the building trade, he left 15 acres to my mother with still about 15 years mortgage on it, I stopped working in the building and stayed at home to do the work for my mother, ok so that was a start of sorts but never again saw the money I could have been making, subsequently I worked every hour I could, and eventually bought another 30 acres and rented another 50, got married had 3 kids, built my own house, and every penny I made was into looking after a mother, wife ,3 kids more land and stock, my father had 12 dairy cows, I built that up to eventually 100, but never a spare penny, when I was farming I couldn't afford a decent tractor and made do with a £180 fordson major, which thankfully just ran and ran and I still have it now , the first and favourite of my collection.
We have 31 tractors now between us, about 15 are officially mine , all but the latest one have been less than £1000, now I would say they are probably worth on average £2500 each, so not much more than 30 grand.
Hope that answers your questions (y)
You are a wealthy man - you’ve inherited a farm. 😊

You choose to have your wealth tied up in land and property but I think you’ve answered your own question which was how do folk afford motorhomes… it’s about personal choice.

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Interesting thread, reminds me of a conversation with my bank manager when we were in business. He went on to say that you would be absolutely amazed how much people are into the bank regarding cars, mortgages ect, bearing in mind he saw all that was happening so to speak. I’ve retired and come back to work and now 70, as I miss the buss of it and to help with the Motorhome.
Ray
PS
Forgot to mention this was about 25 years ago, hate to think how things are now?
 
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Maybe a million, not much different than an ordinary house in London.
My father died at 53 in 1967 when I was 20 and quite content in the building trade, he left 15 acres to my mother with still about 15 years mortgage on it, I stopped working in the building and stayed at home to do the work for my mother, ok so that was a start of sorts but never again saw the money I could have been making, subsequently I worked every hour I could, and eventually bought another 30 acres and rented another 50, got married had 3 kids, built my own house, and every penny I made was into looking after a mother, wife ,3 kids more land and stock, my father had 12 dairy cows, I built that up to eventually 100, but never a spare penny, when I was farming I couldn't afford a decent tractor and made do with a £180 fordson major, which thankfully just ran and ran and I still have it now , the first and favourite of my collection.
We have 31 tractors now between us, about 15 are officially mine , all but the latest one have been less than £1000, now I would say they are probably worth on average £2500 each, so not much more than 30 grand.
Hope that answers your questions (y)
Nice story👍 shame your Dad, died at a young age.
I think they call your situation. Asset rich, cash poor👍Though a million in the UK isnt rich anymore!
Though you havent got the £ 11k cash to hand, you have got a hobby with £30k tied up, maybe sell a few, so you have a bit of a financial buffer, if the SHTF!
 
But can you suddenly lay your hands on 11 grand to put a new engine in it?
No. I could a few thousand pounds but would have to find the money, otherwise you scrap an 30-40thou van for 11
But you would sit in over a million pound house owning another property, a good few acres, with several grand in hobby toys. But scrap a motorhome worth thousands for the sake of an engine. Odd.
 
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11k that's only for a new engine?
A like for like second hand engine or recon engine is likely to be 1k +1k fitting on an older x250 van??
Perhaps double for. 3.0 or x290 van??
 
No. I could a few thousand pounds but would have to find the money, otherwise you scrap an 30-40thou van for 11
Or you sell it on requiring an engine ,as I had to do.
11k that's only for a new engine?
A like for like second hand engine or recon engine is likely to be 1k +1k fitting on an older x250 van??
Perhaps double for. 3.0 or x290 van??
No,it's 11,800€ and you aren't stuck in France are you? Here in Spain a 2nd hand gearbox that requires rebuilding will cost 500€ and a rebuilt one with6 month guarantee 2,200€ + fitting.
That's why I stick with ADAC where I just tell them" recover it home".

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