Author: Tech

Whether you are buying new or second hand, a good motorhome is likely to be a large financial purchase. That’s why many of our customers look to various forms of borrowing to finance their motorhome purchase.

To set your sights on any particular motorhome, of course, you will want a better ballpark idea of how much you can borrow.

Here at Derby Motorhomes, we’re happy to help you discover just that.

Motorhome finance calculator

Our online motorhome finance calculator can give you an estimate of how much your HP motorhome finance may cost based on how much you want to borrow.

If you decide to proceed with an HP motorhome finance application, the actual cost may be different as it will be influenced by the points discussed below. But it is a good starting point.

How much can I borrow?

The amount you can borrow – the amount you will have available to buy your motorhome – depends on and typically not limited to:

  • your financial circumstances (how much you can afford to repay each month);
  • the period over which you want to complete the repayments;
  • the rate of interest attached to any loan or credit; and
  • the measure of your creditworthiness that is expressed in your credit rating.

Hire purchase

The amount you can borrow – and how much that credit will cost – is also determined by the method of borrowing you choose. As you’ll have noticed, our online calculator takes hire purchase as your favoured method. Why is that?

It’s quite simply because hire purchase is one of the most popular forms of motor finance – according to the Money Saving Expert in a piece updated on the 11th of April 2022.

Hire purchase is a credit plan involving precisely those two elements: after paying a relatively modest deposit (typically of around 10%) you make monthly repayments to hire the vehicle and have the option of making a final payment – the purchase – to own it.

As the government-backed website MoneyHelper explains, your delayed ownership means that the loan can be secured against the value of the vehicle – and this typically helps to reduce the level of interest that is charged in other types of borrowing (an unsecured personal loan from your bank, for example).

There are other advantages to this method of financing your motorhome purchase:

  • the interest rate is fixed, so you know exactly how much you’ll be paying each month;
  • because the loan is secured against the vehicle, you might have more success getting hire purchase than an unsecured loan if your credit rating is less than good;
  • the initial deposit – of around 10% – is typically affordable, as is the final payment to complete the purchase (unlike the steep final payment you typically need to make at the end of a Personal Contract Purchase or PCP); and
  • unlike some other credit arrangements, hire purchase does not typically involve any mileage restrictions.

Summary

There is good reason for the abiding popularity of hire purchase agreements. They are typically easy to understand, have straightforward terms and conditions, and might often prove a cheaper way of borrowing than some other methods.

Our online calculator for motorhome finance will show you, at a glance, an example of just how much your monthly motorhome finance repayments could be.

If you are looking to finance your next motorhome, then please contact us today.

Christmas 2021 Opening Times

SERVICE AND AFTERSALES DEPARTMENT

OUR SERVICE DEPARTMENT WILL BE COMPLETELY CLOSED FOR CHRISTMAS AND THE NEW YEAR, CLOSING AT 12.00PM FRIDAY 17TH DECEMBER 2021, RE-OPENING ON TUESDAY 4th JANUARY 2022

SALES DEPARTMENT

THURSDAY 23rd DECEMBER 2021                                     CLOSED

FRIDAY 24th DECEMBER 2021                                            CLOSED

SATURDAY 25th DECEMBER 2021                                      CLOSED

SUNDAY 26th DECEMBER 2021                                          CLOSED

MONDAY 27th DECEMBER 2021                                        CLOSED

TUESDAY 28th DECEMBER 2021                                         CLOSED

WEDNESDAY 29th DECEMBER 2021                                  OPEN – 11.00am to 3.00pm

THURSDAY 30th DECEMBER 2021                                     OPEN – 11.00am to 3.00pm

FRIDAY 31st DECEMBER 2021                                             CLOSED

SATURDAY 1st JANUARY 2022                                           CLOSED

SUNDAY 2nd JANUARY 2022                                              CLOSED

MONDAY 3rd JANUARY 2022                                             CLOSED 

TUESDAY 4th JANUARY ONWARDS – NORMAL OPENING HOURS FOR ALL DEPARTMENTS

Happy Christmas to all our customers, old, new and those we’ve yet to meet.

Have a lovely Christmas and a safe and peaceful new year……………

The Derby Motorhomes Team

 

The foremost British manufacturer of quality motorhomes Auto-Sleeper has never stood still. Every year sees the launch of completely new models in its range or the revamping and updating of existing favourites in its stable.

To own a new motorhome of this build and quality, of course, you might expect to pay a tidy sum. If you are already the proud owner of an Auto-Sleeper, though, you not only appreciate the reliability and craftsmanship that goes into every model but also have a valuable vehicle you can trade-in for a new motorhome.

Why trade-in your Auto-Sleeper?

As a current owner, you’ll already know that your Auto-Sleeper is not just a reliable and well-built motorhome, it is also made to last – you’ve probably enjoyed countless holidays and thousands of touring miles in the vehicle.

The enduring quality of your motorhome means that, in all probability, it has maintained its value well – depreciating much less, for example, than the car you are used to driving around in every day. The ability to trade in your Auto-Sleeper, therefore, puts you at least one step ahead of the game if you are looking to upgrade to a newer model.

New models of Auto-Sleeper

Trading in one model and upgrading to the next lets you enjoy the progress and development to which Auto-Sleeper are clearly committed.

Each year sees the launch of new models and refinements made to existing favourites. 2021, for example, has marked a particular milestone in the company’s illustrious history – its 60th or Diamond anniversary explains the Caravan and Motorhome Club. To celebrate that event, Auto-Sleeper launched a special, limited edition of the ever-popular Nuevo (which itself celebrates 20 years in production) and a brand new 6.6m Broadway EL model too.

Derby Motorhomes and trading in your Auto-Sleeper

We’ve suggested why you might want to upgrade to one of the newer Auto-Sleepers by trading in your current model – and a further big advantage in doing just that is the chance to avoid arranging a private sale, collecting the cash, and negotiating the purchase of a new motorhome.

Instead, you can safely entrust the entire transaction to us here at Derby Motorhomes.

As a leading, franchised dealer for Auto-Sleeper, your current motorhome, less than 10 years old, is always going to spark our interest in buying. Expertly valued to achieve the most favourable and fairest price possible, we’ll give you the cash, agree to display it on a sale or return (SOR) basis, or accept it in part exchange against a new or second-hand Auto-Sleeper.

With the last of these options, of course, a single, simple transaction could see you upgrading to a new Auto-Sleeper of your choice, at a price you can afford, and the sale of your current motorhome already done and dusted.

You can prepare for the transaction confident in the knowledge that you are dealing with an experienced dealer who knows exactly what they are talking about when arriving at the fair trade-in value for the make, model, and age of your vehicle.

You’ll no doubt want to ensure you get most competitive price by presenting it to us in all its full glory – and that means looking after any outstanding maintenance or repairs that might be required and giving your motorhome a thorough and final clean.

Summary

Are you already bitten by the bug of trading in your Auto-Sleeper to upgrade to a new or more recent model? If so, you might want to explore your options by giving us a call today on 01332 360222.

Well, it’s lockdown version number 3 and we’re all still living and working in very challenging times and circumstances.

Yet again, I’d really like to express my appreciation to quite a large number of people; to all of our customers who have and are continuing to support us during this third national lock down; to our wonderful staff, the majority of whom are either unable to work presently due to restrictions or working from home and to Auto-Sleepers who remain committed to supporting their dealers and customers, almost with their hands tied behind their backs.

Our service department has been forced to close this lockdown due to the national restrictions in place and preparation of sold vehicles and collections are also therefore suspended until a clearer picture emerges of exactly when we will be permitted to reopen and begin preparation, vehicle collections and service works again.

Service and After Sales – Happy to Help If We Can

Our dealership is currently closed due to the national restrictions in place and our sales and service customers have all been extremely understanding regarding the current situation and although unfortunately, everyone is in the same boat so to speak and some of you will have problems or outstanding issues with your motorhomes and possibly feel frustration at not being able to resolve these problems, I can assure you all that here at least, we would all rather be working hard, helping our customers and not being forced to sit around at home twiddling our thumbs!

Sales Department Online via email will get you a great deal

Although we all appreciate that our dealership has to remain closed during lockdown #3, for me the saddest sight that I see most days (and the one I simply can’t get used to) is the image of our great big showroom, full of new and used motorhomes, in darkness and gloom.

That said though, at least some of our sales team are still able to continue to work (to some extent anyway), behind closed doors and in the dealership and at home on-line so, to each of our customers so far, the ones who have left holding deposits against new and used motorhomes this lockdown, again, I’d like to say another very big thank you so much – your support is as overwhelming as much as it is appreciated, thank you all.

Auto-Sleepers and McLouis Fusion

I think that it is really important to spare a thought for Auto-Sleepers, the UK’s oldest motorhome manufacturer.

Last year was a challenge to say the least; as if two national lockdowns and the chaos that the last-minute Brexit negotiations caused at ports and to supply-chains wasn’t enough, this year has not started in a very positive way either with their dealer network forced to close again.

This year is certainly going to be another challenging year for all manufacturing.

The latest lockdown and restrictions have and will cause more chaos for manufacturing and yet again we can expect parts and component supply to be a particular challenge in this industry.

Scheduling and certainty had become an enormous issue last year and will continue to be so this year too; unfortunately, not everyone appreciates just how much these issues affect UK manufacturing and all I can say is that Auto-Sleepers have continued throughout to support us and you. Maybe, sometimes responses have been slower than usual – other times, models haven’t arrived on time but throughout, Auto-Sleepers have done everything within their power to deliver a service to us all.

Thank you, Auto-Sleepers, your hard work, dedication and support last year and this, so far, has been massive and appreciated.

The Derby Motorhomes Team

Finally, I’d like to say a massive thank you to the unbelievable team that work here in Derby.

We’ve all been together as a group for a very long time; no single individual is more important than another. Everyone plays a vital part in our success and the hard work and dedication usually shown by every single member of our team is an inspiration and although we all know how difficult last year was and this year is likely to be, each has always got on with their work and done their very best for us all.

On that final note I would simply like to assure everyone that Derby Motorhomes will continue to do everything we can to support our customers both old and new during these difficult times; thank you for supporting us, please continue to do so in the coming year and we will continue to support you.

Thank You, one and all.

February march 2018 newsletter

Tim Lemon

Managing Director