Motor home as investment?

Cornucopia

bowlhead99 wrote: »

This is factual and not at all libellous....

If it were factual, then it wouldn't be libellous. But it's not factual.

I won't reply in quotes to your long post, because you've only really repeated what's already been said, perhaps in more detail.

In response, I'd say the following:-

- No one is saying that this is in any way similar to keeping money in a bank account. It's obvious that it is a different proposition to that, and in any case, no one should be making any form of investment without understanding the risk/reward picture.

- I don't know why you think I am concerned about libel towards the OP, when it's been pretty obvious I am talking about libel towards the companies. You cannot accuse a company of being a scam or operating one without evidence and expect that they wouldn't potentially seek redress. What harm is being done? Loss of their reputation - which can obviously damage their business.

- Libel is also against the rules of the forum (for obvious reasons).

- All of your supposition about figures/profits is just that - pure supposition. There isn't enough information in the Motorhome site to make a judgement, which is what I said at the outset.

- "You would not market to sophisticated professional investors with that language or that technique". They are not marketing to "sophisticated" professional investors.

- "Honest Opinion/Statement of fact". I don't think "It's a scam! It's a scam!" is an honest opinion. It lacks any real credibility or good faith. There is no evidence of a scam, other than the basic premise of "too good to be true". If this is a scam, show me one person who has lost their money - just one. Where are the stories in the financial/consumer press of people who cannot trace the vehicle they own?

That's the kind of evidence I would accept in justifying the "scam" claim.

- "27%" - yes it returns £9000 in repayments. Surely that's a good thing? Eating in to your loan and your risk from the outset?

- I think the fundamental issue is that there are hundreds of successful and legitimate businesses involved in leasing, hiring and financing vehicles in the UK. Probably tens of thousands Worldwide. Most of those businesses are fundamentally sound - there is a profit to be had from this activity. The question is whether private individuals could have the potential to invest in such businesses in place of institutional funders, and whether they would want to.

- "280 investors". Clearly (and common sense would tell you this), their business model only works at the level of a few hundred Motorhomes. If they had 100,000 investors, they would not be able to buy 100,000 Motorhomes, or store them, or hire them out.

This thread has all the hallmarks of one which will go on and on repeatedly restating the same thing in different terms without ever adding any conclusive information (because there is none).

I won't be participating in that.

Zippeh

This seems very similar to the "Buy a static caravan for investment" strategy. I work in the caravan industry, and I can guarantee it's not a viable investment strategy!

Cornucopia

Zippeh wrote: »

This seems very similar to the "Buy a static caravan for investment" strategy. I work in the caravan industry, and I can guarantee it's not a viable investment strategy!

Do you have figures/case studies to back this up?

puk999

Cornucopia wrote: »

Zippeh wrote: »

This seems very similar to the "Buy a static caravan for investment" strategy. I work in the caravan industry, and I can guarantee it's not a viable investment strategy!

Do you have figures/case studies to back this up?

Is there any irony here that you are asking for data to backup Zippeh's guarantee?

Cornucopia

None whatsoever - I'm not even sure that works in this context.

TBH, I've not come across Static Caravans as an investment.

I have come across Static Caravans as place to stay, with the possibility of organised sub-letting as part of the overall package.

DTDfanBoy

Cornucopia wrote: »

I won't be participating in that.

Thank Goodness :beer:

mike88

When you approach static van sellers the first thing they will tell you is that they are not considered to be an investment. When I considered buying one all the bumph that you are provided with emphasises this fact.

jimjames

Cornucopia wrote: »

This thread has all the hallmarks of one which will go on and on repeatedly restating the same thing in different terms without ever adding any conclusive information (because there is none).

I won't be participating in that.

How long will it take for people to find out they've lost money?

Wait that long and you may start to see conclusive information. Until then I repeat my previous question, why would anyone participate in this kind of unregulated investment where they could lose 100% of their money when they could invest in funds via a S&S ISA and have a regulated investment that has FSCS protection against fraud.

Cornucopia

jimjames wrote: »

How long will it take for people to find out they've lost money?

It ought to have already happened - both from failed instalments, failure to redeem the outstanding equity at the end of the loan, and from vehicles that are written-off or disappear thereby drawing attention to themselves mid-loan.

If anyone has lost money with buy2letcars since 2011, then they've done extremely well to hide it from Google, as there appears to be literally nothing but general commentary.

Until then I repeat my previous question, why would anyone participate in this kind of unregulated investment where they could lose 100% of their money when they could invest in funds via a S&S ISA and have a regulated investment that has FSCS protection against fraud.

People invest in all manner of these unconventional things. In some cases, it probably connects to an existing interest, and in others maybe it sparks a degree of enthusiasm for someone not interested in traditional investment vehicles. In some cases, like with the Motorhomes, the investment confers use of an item that the investors might otherwise have to pay for.

colsten

Cornucopia wrote: »

I won't be participating in that.

You have a funny way of not participating.