Motorhome insolvencies, are not the best topic to discuss. However, buying motorhomes involves a lot of cash. None are exactly cheap and most are in excess of £30K. So, how do motorhome insolvencies, become reported. Well like any insolvencies, the bigger they come, the harder they fall. Bad news travels fast!
The difficulty in buying a new motorhome, is that usually it is a factory order. Nothing wrong with that, except you pay a deposit to a dealer! This can be at least 10%. So, paying by credit card, may give some protection. However, many pay for the motorhome via a loan. This the customer may well have passed that with a deposit, over to the dealer!
So, as nagging doubt, now kicks in, you can see why. Whilst a finance company will grab title, to the actual motorhome, when its registered. However, in the interim, you are in no man’s land! Now dealing with long established, motorhome dealers, is all well and good. But, in this day and age who can you rely on? Thankfully the dangerous motorhome insolvencies, usually revolve around sale and return agreements.
That is what happened in Scotland, when an unscrupulous dealer failed to pay out. Apparently, this involved £800,000 of motorhomes. So, we flag all of this article up, to act as a little warning. In addition, we suggest that people research, who they are dealing with! This takes us on to why talk about it now? Well, we think the UK is in a bad state and we wanted to point a few things out that may concern us.
Motorhome Insolvencies Brexit Effect
Alas, the nights draw in and autumn is on its way. Now even our sun tans have began to be worn away! So, let’s compare the lovely summer weather to how Brexit is affecting us all. Motorhome insolvencies aside for a moment. Taking an analogy or for the use of better words. Just a comparison of the different peoples moods. No fun to hear that so many people are finding, that they run into debt before pay day!
Where do you motorhome owners all fit into this planned exit of the UK, from the European Union? A real set of questions await here! Buying and selling aside what will be the real effects. We discussed this before but a weak pound really does cause concern.
Let us focus on the article 50 notice, kind of sounds like a suntan cream, if only it was! At least factor 50 stops you burning from the sun. Article 50 is is just beginning hotting up. Sadly many businesses, in the meantime are and have been getting burned. Whilst we are all awaiting for guidance and leadership. Something that does not seem very forthcoming. How do I have the nerve to say that? Because, look around you and by that we have all switched off and enjoyed the summer. Until it got to hot that is! Then we wanted the heat turned down!
Yes, we know the world of retail is changing. However, this is not funny, the collapse of our high streets coincides with a number of issues. The Brexit notice. I hear people say; no, your wrong, retail was changing anyway, before Brexit! Looking at the numbers it all started to fall apart in 2010! Now who not going to say that Brexit has had nothing to do the retail high street downturn! Those who have lost their jobs or just ask all the high street landlords, what is it like to have no tenants? They are still paying the reduced council tax! So, slowly but, surely every month people are getting in deeper.
Who Has Gone Bust? “motorhome insolvencies”
Thankfully we have not had many motorhome insolvencies as yet. Let’s have a bit of good news we have seen two of our homegrown motorhome manufactures Autosleeper and Elddis slip into French and German hands? Why now? Hopefully the jobs will stay in the UK! Just how many jobs will this Brexit take with it? Now, here comes the real whammy, there will be loads of jobs when we have left Brexit, just wait and see.
OK put the Vera Lynn song on “there will be blue birds over the white cliffs of Dover tomorrow just you wait and see”! I love that song because it meant what the words said, at that time! But they don’t apply now. If you believe they do, you will be in for a big surprise! I have a better song to sing now by Eric Burden and the animals “we have got, to get out, of this place if it’s the last thing we ever do”!
Many people just like the hot weather, once the novelty had worn off, we did not like it when it’s that hot. Sounds familiar a bit like Brexit you could say! Seamed like a good idea at the time! However, now those blue skies are not out every day we miss them?
Will you be missing free passage to Europe, the right to go and live there with no fuss? Secure boarders, that is what we have at the moment! Wait till we are out, then you will know about borders. You will be spending an enormous amount of time waiting to cross them!
So what is my point? At my time of life who cares what happens? Well I have lived through good and bad times. But, if you look who has gone bust from 2010 to 2018 it is unbelievable. Long may those motorhome insolvencies stay away!