Is buying a static caravan a good idea?
Is buying a static caravan a good idea?
Static caravans are a significant financial investment, both initially, and the ongoing maintenance. However, if you are comparing the costs of taking many holidays throughout the year, renting a holiday cottage or even a caravan, it will likely make good financial sense actually to buy your own caravan.
What happens when caravan Licence expires?
If your licence has expired and it appears that selling to the park owner is the only practical option you should still get a fair deal and a fair price. You can satisfy yourself that the deal offered is fair by: visiting other parks and checking the prices of any caravans on sale similar to your own.
When does the owner of a caravan have to sign a statement?
By law, the owner of a protected caravan site must give a resident occupier a written statement: within 28 days from the date they agreed the sale of the caravan to the proposed occupier They should both sign the statement. They can agree a shorter period. The occupier must give 28 days’ notice if they want to end the agreement.
Can You part exchange a caravan with agremeent?
Part Exchange. Subject to paying off your existing agremeent in full, you can part exchange the caravan at the end of the term or any time during the agreement. New credit agreements are subject to status. The caravan could be worth less that the optional final repayment leaving you with a shortfall to pay before starting a new agreement. Return.
Do you have to pay final repayment on caravan?
Own the caravan outright by paying the optional final repayment. A purchase fee of £10 is included. • You like to keep your options open at the end of the agreement. • You like to budget and know the exact repayment amount each month.
Do you have to return caravan to Black Horse?
New credit agreements are subject to status. The caravan could be worth less that the optional final repayment leaving you with a shortfall to pay before starting a new agreement. Return. You have the option to return the caravan to us at the end of your agreement. To avoid incurring charges, the caravan needs to be in good condition.