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Motorhome Leasing vs. Buying ?

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#1 mjs4417

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Posted 10 April 2013 - 04:21 PM

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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#2 Medico

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Posted 10 April 2013 - 07:27 PM

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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#3 wolfe10

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Posted 10 April 2013 - 07:48 PM

Can you say MASSIVE DEPRECIATION?

 

Makes leasing untenable.


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#4 Medico

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Posted 11 April 2013 - 04:39 AM

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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FMCA #F431170, GS #822128658, Escapees SKP #112655

 

2006 Country Coach Magna (525 HP Cat C13 1650 torque, Alison 4000 6 speed tranny), 2012 Jeep Liberty

 

 

CountryCoachMagna1med_zps83669550.jpg


#5 hermanmullins

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Posted 11 April 2013 - 07:13 AM

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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#6 Medico

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Posted 11 April 2013 - 07:57 AM

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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FMCA #F431170, GS #822128658, Escapees SKP #112655

 

2006 Country Coach Magna (525 HP Cat C13 1650 torque, Alison 4000 6 speed tranny), 2012 Jeep Liberty

 

 

CountryCoachMagna1med_zps83669550.jpg


#7 mjs4417

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Posted 11 April 2013 - 04:36 PM

Thanks All for the observations and comments. This helps me understand a bit more.  Stll loving the RV lifestyle and

really prefer not to go back to hotels and rental cars and NO campfires at nite!!!

 

Adios!

 

mjs4417@gmail.com


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