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+--- Thread: Want to buy Bluebird (/showthread.php?tid=6018)
Want to buy Bluebird - erniecarpet@... - 11-22-2007 21:00
In a message dated 11/22/2007 6:47:00 P.M. Central Standard Time,
PM7088@... writes:
do not completely agree with "Don't finance it" Lot's of reasons in
my life to leave the capitol invested and take the tax advantage of
long tern financing
Each of us has their own preference on how to purchase and keep our coach.
When I traded my plastic palace Foretravel for my first bird back in 2000, I
had not a clue about all the systems these Bluebirds have. Thus, out of
frustration with getting any help, Bruce Morris and I started the original
forum.
And glad that happened- look where we are today.
Ernie Ekberg
83PT40
Weatherford, Tx
Wanderlodgeforum.org, owner
**************************************Check out AOL's list of 2007's hottest
products.
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[Non-text portions of this message have been removed]
Want to buy Bluebird - birdshill123 - 11-23-2007 02:53
Buying a BB or any other MH is NOT like buying a house. It is a
depreciating asset. Financing a MH like a house is a recipe for
financial disaster. When the time comes to sell your unit you will be
upside down. There are thousands of people trying to sell MH's for what
they owe. Those sellers usually have them advertised for months ( or
years ) on end. Finally they become desperate sellers and take a big
hit!! If you cannot afford the BB it is time to look for another hobby.
Bruce
1988 FC35
Want to buy Bluebird - martingregg598 - 11-23-2007 09:35
Financing may be the way to go. Let's say that you are going to buy a
$100,000 plus BB. If you get a 20 year note at 6% interest for 100g,
the unit qualifies as a second home and you can deduct the interest,
and you leave your 100g properly invested returning an average of say
10 %, you are making a 4%- plus gain every year on your 100g
(depending on your specific tax situation).
Marty Gregg
95 BMC 37
Kennewick
Want to buy Bluebird - Gardner Yeaw - 11-23-2007 10:08
As my old attorney who was involved in building buildings for
apartments used to say, "Why should I use my money when I can use
someone else's"(referring to the bank's money). Naturally, you need to
invest your money wisely to make that situation work out. The second
home is an often missed tax advantage.
What ever you decide, watch out for advise from folks like me. If I
buy it it goes down, if I sell it it goes up, if I keep it it does
nothing.
Gardner
78FC33
--- In WanderlodgeForum@yahoogroups.com, "martingregg598"
>
> Financing may be the way to go. Let's say that you are going to buy a
> $100,000 plus BB. If you get a 20 year note at 6% interest for 100g,
> the unit qualifies as a second home and you can deduct the interest,
> and you leave your 100g properly invested returning an average of say
> 10 %, you are making a 4%- plus gain every year on your 100g
> (depending on your specific tax situation).
> Marty Gregg
> 95 BMC 37
> Kennewick
>
Want to buy Bluebird - martingregg598 - 11-23-2007 10:22
I am hearing you Gardner, Has anyone seen the 97 on Mr. Oliver's web
sight? It has 185,000 plus miles and the generator has 9000 hr. Is
there anyone out there with that may mile on that new of a coach. Can't
help but wonder how much stuff needs to be replaced. $130,000 for a 97
seems low.
Marty Gregg
95 BMC 37
Kennewick WA.
Want to buy Bluebird - Pete Masterson - 11-23-2007 10:42
Having purchased my coach from Mr. Olivers, I can observe that he
tends to price the RVs he carries at a very realistic price. $130,000
does seem low for a 97 -- note that the '95 a bit further down the
page is listed at $119,500.
Looking at the photos (which can make the coach look a bit better
than in person) it seems to be in fairly good condition. I suspect
the high mileage is the key reason for the aggressive price (plus the
more realistic pricing that Mr. Olivers tends to have when compared
to the 'hopeful' asking price many owners seek (endlessly)).
As for "what needs to be replaced" -- probably no more than the usual
unexpected replacements/upgrades that most coaches end up needing...
Pete Masterson
'95 Blue Bird Wanderlodge WBDA 42
aeonix1@...
On the road at Lockhart Texas
On Nov 23, 2007, at 4:22 PM, martingregg598 wrote:
> I am hearing you Gardner, Has anyone seen the 97 on Mr. Oliver's web
> sight? It has 185,000 plus miles and the generator has 9000 hr. Is
> there anyone out there with that may mile on that new of a coach.
> Can't
> help but wonder how much stuff needs to be replaced. $130,000 for a 97
> seems low.
> Marty Gregg
> 95 BMC 37
> Kennewick WA.
>
>
Want to buy Bluebird - John McGinnis - 11-23-2007 11:35
The only similarities between buying a Motorhome and a house are the
commitments required in both purchases, plus the expenses of
insurance, taxes, maintenance & upkeep. Anyone would be correct in
saying real estate is an appreciating asset and a Motorhome is a
depreciating asset. My first real estate purchase in 1980 was for
30,000 and today that same house just recently sold for 199,900.
That is nearly 600% in appreciation. I don't know what a 1980FC35
cost new but I do know it is highly unlikely you would receive 30K
for it today. I do know that if anyone were to finance anything for
20 years at 6% interest on an initial purchase price of 100k, that
person is going to be paying over 70K in interest payments over the
20 year term. On average that person is paying $300 per month in
interest. If they purchase a Motorhome and make payments for 20
years, what will the Motorhome be worth when they make the last
payment? Heck, I know of a guy who is making $800 monthly payments
on an 86FC. He can't afford the fuel, and keeps the coach parked in
his yard, he gave over 70K for the coach 6 years ago and in it's
present condition due to weather deteriation, and deferred
maintenance the coach may be worth 30K and he has 9 years left to go
on his note. At the end of the 15 years what will his coach be
worth? Taking about being UPSIDE DOWN! He will pay over 170K in
interest & principal on an initial purchase of $70,000.
That is the only reason I say don't finance, but anyone wanting
Instant Gratification can self justify financing anything.
Personally, I'd rather take the $800 a month and buy fuel and travel
2500 miles looking at the countryside. It took me 10 years working
hard to be able to write the check, and I'm enjoying every mile alot
better since I'm not making other people money.
Want to buy Bluebird - Kurt Horvath - 11-23-2007 12:20
I stopped at Mr. Olivers a few weeks ago and took a good look at the 95 PT-42 at
the time he priced it, as is for $95,000 before he put a wrench to it, his
words, I would keep looking, the paint was in poor condition and I would say she
had been run hard and put up wet more than once. I did like the interior layout
though. A little bit worn, But the one thing that I recall is none of the tiles
in the kitchen or bathroon were cracked. I have a cracks that run front to back
and two cracks that run side to side. The shower stall is a little smaller than
the round glass type but it has more storage inside than mine has with lots of
cabinets.The '97 was at the auction yard when I was there so I can't comment on
it. But generally a coach that has been in use gets about 10,000 miles per year
on average, I did 20,000 my first year so It may be in good running condition. I
would have to be, to do that kind of mileage in 11 years, 18,500 a year MOL,
Most every
tech I ever spoke with said they would rather have a Bird that had high milage
on than one that had low miles. These coaches were made to run not sit.
Pete, I was hoping for a 10% finders fee
Kurt Horvath
95 PT-42
10AC
----- Original Message ----
From: Pete Masterson
To: WanderlodgeForum@yahoogroups.com
Sent: Friday, November 23, 2007 4:42:22 PM
Subject: Re: [WanderlodgeForum] Re: Want to buy Bluebird
Having purchased my coach from Mr. Olivers, I can observe that he
tends to price the RVs he carries at a very realistic price. $130,000
does seem low for a 97 -- note that the '95 a bit further down the
page is listed at $119,500.
Looking at the photos (which can make the coach look a bit better
than in person) it seems to be in fairly good condition. I suspect
the high mileage is the key reason for the aggressive price (plus the
more realistic pricing that Mr. Olivers tends to have when compared
to the 'hopeful' asking price many owners seek (endlessly)) .
As for "what needs to be replaced" -- probably no more than the usual
unexpected replacements/ upgrades that most coaches end up needing...
Pete Masterson
'95 Blue Bird Wanderlodge WBDA 42
aeonix1@mac. com
On the road at Lockhart Texas
On Nov 23, 2007, at 4:22 PM, martingregg598 wrote:
> I am hearing you Gardner, Has anyone seen the 97 on Mr. Oliver's web
> sight? It has 185,000 plus miles and the generator has 9000 hr. Is
> there anyone out there with that may mile on that new of a coach.
> Can't
> help but wonder how much stuff needs to be replaced. $130,000 for a 97
> seems low.
> Marty Gregg
> 95 BMC 37
> Kennewick WA.
>
>
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Want to buy Bluebird - martingregg598 - 11-23-2007 12:33
Hi Kurt, any Ideas why the tile cracked like it did on your coach? Did
the grout crack or the tile? On my coach no cracks, I have yet to drop
something heavy on the tile. I have never been a big rig guy so I can't
help but wonder when all those big front-end part ware out?
Marty Gregg
95 BMC 37
Kennewick WA
Want to buy Bluebird - Kurt Horvath - 11-23-2007 13:17
I agree completely!
I will also say, ( I'm sure this will make some of you mad at me ), the model
Bird you choose has a lot to do with it's viability for financing for any lenght
of time. Befor I go too far and P.Off everybody, I'll leave this to your
discretion.
But here is some food for thought.
If you had 100,000 in cash to plop down on a coach.
Invested and diversified it will double every 7 years on average.
100+ year track record of the NYSE
20 years that would double 3 times. Almost $800,000
Financed, $180,000 for a 20 year note at present rates.
You do the math.
Of course this only works if you have the initial $'S and you don't mess with
your investments.
Furthermore compairing Apples to Oranges isn't realistic, my only land purchase
was at $450.00 per acre. Two weeks ago the farm next door to mine sold for
$6,700.00 an acre. Meanwhile my '95 PT-42 lost $10,000.00 in value and the
maintainance with fuel has averaged close to $1,800.00 a month. My farm is
nothing but work, My Bluebird is nothing but pleasure. All I can say is, what
are you willing to sacrifice to get what you want.
Kurt Horvath
95 PT-42
10AC
----- Original Message ----
From: John McGinnis
To: WanderlodgeForum@yahoogroups.com
Sent: Friday, November 23, 2007 5:35:38 PM
Subject: [WanderlodgeForum] Re: Want to buy Bluebird
The only similarities between buying a Motorhome and a house are the
commitments required in both purchases, plus the expenses of
insurance, taxes, maintenance & upkeep. Anyone would be correct in
saying real estate is an appreciating asset and a Motorhome is a
depreciating asset. My first real estate purchase in 1980 was for
30,000 and today that same house just recently sold for 199,900.
That is nearly 600% in appreciation. I don't know what a 1980FC35
cost new but I do know it is highly unlikely you would receive 30K
for it today. I do know that if anyone were to finance anything for
20 years at 6% interest on an initial purchase price of 100k, that
person is going to be paying over 70K in interest payments over the
20 year term. On average that person is paying $300 per month in
interest. If they purchase a Motorhome and make payments for 20
years, what will the Motorhome be worth when they make the last
payment? Heck, I know of a guy who is making $800 monthly payments
on an 86FC. He can't afford the fuel, and keeps the coach parked in
his yard, he gave over 70K for the coach 6 years ago and in it's
present condition due to weather deteriation, and deferred
maintenance the coach may be worth 30K and he has 9 years left to go
on his note. At the end of the 15 years what will his coach be
worth? Taking about being UPSIDE DOWN! He will pay over 170K in
interest & principal on an initial purchase of $70,000.
That is the only reason I say don't finance, but anyone wanting
Instant Gratification can self justify financing anything.
Personally, I'd rather take the $800 a month and buy fuel and travel
2500 miles looking at the countryside. It took me 10 years working
hard to be able to write the check, and I'm enjoying every mile alot
better since I'm not making other people money.
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