Caravan finance.

sheramber

So you want to not pay for something that's rocketed in price?  Brilliant!
I had laser eye surgery and I've not been able to see as much of the outside world in the last year. Reckon I can ask them for a payment holiday too?  

Not just something off. she wants something back. That could only be some of her payments back.

Nebulous2

Grumpy_chap said:

Jeremy535897 said:

No CGT on wasting assets unless you claimed capital allowances (obviously not in this case).

So the OP gets to retain all the profits from the caravan rocketing in price.  Even better for the OP
Is it still a wasting asset if it appreciates in value?

It wont have rocketed in price if it is a new van. It just wont have depreciated as much as you would expect it to.  Mine is up because of a particular set of circumstances. They drop in Autumn and rise in Spring. I bought in the Autumn before Covid, which meant the rise the following year was higher than normal. Mine is almost 10 years old, which means it depreciates much more slowly than a new van. 

Grumpy_chap

Nebulous2 said:

It wont have rocketed in price if it is a new van. It just wont have depreciated as much as you would expect it to. 
They drop in Autumn and rise in Spring. 

The OP's caravan has rocketed in price.  We know that because the OP told us so:

krystal_williams88 said:

They have rocketed in price. Which is good for us

We don't know whether the OP purchased a brand new caravan or used, but we do know when they purchased:

krystal_williams88 said:

We bought a touring caravan on finance Jan 2020. 

Maybe a purchase in January was still sufficiently early to catch the Autumn depreciation before the Spring appreciation?
You must be correct about only used ones really having the scope to rise as new are either list, or discount from list, but I imagine rarely achieve used sold above list because of waiting times.

Of course, any increase in value is purely academic unless the OP sell the caravan, but they won't sell:

krystal_williams88 said:

We obviously still want to keep our van

Maybe someone will just give the OP some money