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      Update from Texas Assn of Campground Owners re: Evacuees   08/28/17

      Good morning, There are now at least 18 privately owned and operated campgrounds and RV parks across Texas that are accepting evacuees. The attached news release, updated from the one the association issued yesterday, includes the names and contact info for the parks. Consumers can also do their own research to identify parks with RV spaces and rental cabins at www.TexasCampgrounds.com and www.TexasCabinRentals.net. Please contact Brian Schaeffer, executive director and CEO of the Texas Association of Campground Owners, on his cell phone at (817) 307-0129 for any questions. We will continue to update this release over the weekend based on the feedback we receive from campgrounds and RV parks across Texas. Many thanks for including our information in your reports yesterday. We appreciate it. Sincerely, Jeff Crider
      (760) 567-9775 (cell)
mjs4417

Motorhome Leasing vs. Buying ?

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mjs4417   

I'm curious why I'm not finding information on leasing (not renting) a new motorhome. We've successfully leased our personal vehicles over the years without problems. Posession for a certain period of time / months, mileage limits, set monthly due bill, return in good shape.It seems a logical thought to do this with the high ticket price of a motorcoach. I must be missing something!

Any comments and thoughts are welcome.

What about "fractional ownership" or "shared ownership with maybe 4 families" like corporations do for private jet use??

Or is this just one more thing that goes on the list of ...................."things I had when I was middle class!!"

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medico   

I have never seen anything about leasing a MH. Perhaps that is because the lenders do not wish to do this with this type vehicle. Perhaps they believe without the larger down payment and without the larger payments, the risk is too high that these vehicles can disappear too easily. Not sure, but this does make sense.

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medico   

Good point Brett, that also makes sense. You would need to buy these vehicles at huge discounts, more than are offered, to make this a tenable option. Most leased vehicles are new, and the first few years MHs depreciate huge amounts, much more than is recovered with lease payments. The lenders would probably have to only lease 4 or 5 year old vehicles or older to make this viable. Just take a look at short term renting of a MH, even less expensive MHs to see what the costs are.

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I just made a calculation on a $300,000.00 Coach. You would need $60,000.00 down plus TT&L just to cover the minimal deprecation. And at least $3,000.00 per month and I am not sure that would be too good for either party. And how about mileage?

Also knowing the first year problems a lease would be in the shop for a good part of the first year. :o

Herman

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medico   

I agree, leasing these type of vehicles just does not make sense from a lenders standpoint. Too much to loose early in the lease (years one to three)

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