Motor home as investment?

Cornucopia

colsten wrote: »

anybody can talk about fixed income. doesn't meant there will be any income.

If the offer is for fixed income, the contract will state that.

eh? Why is something that costs a fortune [to those that would pay your income] a reasonable investment?

In trying to make sense of the investment, it's obviously relevant where the money comes from.

To give you an idea, they are quoting £859 for a week in June for a medium-sized vehicle for a family of 4.

redbuzzard

Just going by the website, it looks like c. 10% p.a. simple interest (plus some free hire) and return of capital in full at three years. The risk that the last part doesn't happen would be my greatest concern.

colsten

Cornucopia wrote: »

If the offer is for fixed income, the contract will state that.

The contract isn't worth the paper it is written on if the other party goes bust. There is no guarantee whatsoever. You could take them to Court but if there's no money there's no money.

redbuzzard wrote: »

Just going by the website, it looks like c. 10% p.a. simple interest (plus some free hire) and return of capital in full at three years.

Of course the website would paint a blue sky picture.

If there was any possibility for a 10% return and no capital loss, why wouldn't the owners take out a huge loan at anything from 3-6% and cash in on the 10% return?

It's a carefully constructed marketing ploy to relieve the uninitiated of their money. Part of the ploy is to post as a potentially interested investor on forums that you don't normally frequent.

Cornucopia

colsten wrote: »

The contract isn't worth the paper it is written on if the other party goes bust. There is no guarantee whatsoever. You could take them to Court but if there's no money there's no money.

Of course the website would paint a blue sky picture.

If there was any possibility for a 10% return and no capital loss, why wouldn't the owners take out a huge loan at anything from 3-6% and cash in on the 10% return?

It's a carefully constructed marketing ploy to relieve the uninitiated of their money. Part of the ploy is to post as a potentially interested investor on forums that you don't normally frequent.

Without any evidence, your posts are becoming potentially libellous.

I'm going to leave it there, I've said as much as I can glean from the website.

colsten

Cornucopia wrote: »

Without any evidence, your posts are becoming potentially libellous.

Bring it on.

What are the guarantees for fixed income and no capital loss? Evidence please.

What is the explanation for offering this sort of deal to the public, instead of cashing in yourself?

Why would you come on a forum you have never used before (not with the nick Raine1, anyway) to draw people's attention to this company?

Why would a seasoned poster like Cornucopia rush to the defence of this company, and warn another seasoned poster about their comments and questions?

Glen_Clark

There are many thousands of motorhomes sitting on people's driveways, or in paid storage, because we can only make use of them for a couple of weeks a year. Wouldn't we be renting them out if it was this easy?

Jonbvn

OP,

In simple terms.

Don't touch this investment with somebody else's bargepole;)

If it sounds too good to be true, it probably is....

Spirit_2

Cornucopia wrote: »

If the offer is for fixed income, the contract will state that.

In trying to make sense of the investment, it's obviously relevant where the money comes from.

To give you an idea, they are quoting £859 for a week in June for a medium-sized vehicle for a family of 4.

Have you tested the veracity of the price they are quoting?Last year we hired a Motor home for 3rd week of June-it was £750 for the week. It was 4 berth,with a permanent bed, great for two of us. WE Have hired Two berths before for £600+.this includes insurance, and only a small supplement for additional insurance/recovery if going to Europe..

Cornucopia

Spirit wrote: »

Have you tested the veracity of the price they are quoting?Last year we hired a Motor home for 3rd week of June-it was £750 for the week. It was 4 berth,with a permanent bed, great for two of us.

£750 and £859 aren't exactly miles apart.

Here's a link for the Car Leasing website. You can see that the figures are similar to the Motorhome one.

http://www.buy2letcars.com/

In this case, there is a proper breakdown of the figures, so you can see how the scheme works.

jimjames

Cornucopia wrote: »

If the offer is for fixed income, the contract will state that.

In trying to make sense of the investment, it's obviously relevant where the money comes from.

I think you're being incredibly naive.

I could promise any return to anyone but if I don't have the money then that promise is completely worthless.

Maybe look up storage units, fine wine, airport parking, land banks etc etc and you'll see how many people fall for some words that claim some guarantee.

It's not FSCS protected and is unregulated so no guarantees of any sort.