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Want to buy Bluebird - Printable Version +- Wanderlodge Gurus - The Member Funded Wanderlodge Forum (http://www.wanderlodgegurus.com) +-- Forum: Yahoo Groups Archive (/forumdisplay.php?fid=61) +--- Forum: WanderlodgeForum (/forumdisplay.php?fid=63) +--- 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. (http://money.aol.com/special/hot-products-2007?NCID=aoltop00030000000001) [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. > > ________________________________________________________________________________\ ____ Never miss a thing. Make Yahoo your home page. http://www.yahoo.com/r/hs [Non-text portions of this message have been removed] 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. ________________________________________________________________________________\ ____ Get easy, one-click access to your favorites. Make Yahoo! your homepage. http://www.yahoo.com/r/hs [Non-text portions of this message have been removed] |