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Topic: Estimating Potential Capital Loss on Sale of FT (Read 1373 times) previous topic - next topic

Re: Estimating Potential Capital Loss on Sale of FT

Reply #20 –
Quote from: Tim Fiedler –
Most of us have older Foretravels because we Think the total value proposition (which is to say cost, utility, enjoyment and maintainability) is better than any other option.
Said another way we believe in the value proposition of these old coaches.

We completely agree. We bought our 1995 U320 almost four years ago and plan to keep it for many more years. We're sure it has "depreciated" over those years but we have really enjoyed using it and have no near-term plans to sell it and so in reality there has been no real depreciation--just real enjoyment from owning it!

Re: Estimating Potential Capital Loss on Sale of FT

Reply #21 –
About two years ago when I was researching 2000-2005 Foretravels with slides, asking prices were dropping at least 10% per year.

Re: Estimating Potential Capital Loss on Sale of FT

Reply #22 –
Not your exact circumstances but I had a CPA go over the differences with me between buying a gas or diesel coach. 

Covered two columns on a yellow legal pad with the various costs of each. 

After thirty minutes or so I reached across my desk and gently wrapped my hand around his with the pencil in it and said

"This is a want.  Not a need.  May as well get what you want the first time."

He looked and me and laughed and thanked me for explaining it to him with a smile on his face and he bought an ORED 300 cat 36' and was really happy with it.

Re: Estimating Potential Capital Loss on Sale of FT

Reply #23 –
Experiences are an investment. We have a finite amount of money in our building fund, so it feels uncomfortable just a tad to spend $2000.00 on transfer switches and generator this week.
 Then again we aren't paying rent, or a mortgage so it actually offsets in two months of full time housing. Even after our barnominium is completed every dime I spend on Big Blue for PM is an investment in future experiences NOT resale. A close friend and Foretravel mentor has recently been diagnosed with cancer. None of us know how long we have, I am convinced that positive happy memories for us and our young daughter are PRICELESS. Our coach sold to us for $50,000.00 We have already spent close to $10,000.00 and there's a lot more maintenance that P O "differed" to address. We will see it through and insist on enjoying life with our beautiful old Foretravel! The reality of losing chunks of money when we sell some day is irrevelant as we bought our last coach this time.  The $10,000. + we lost with our 280 was part of a steep learning curve.
 My advise is to buy the best coach in the best condition you can afford then spare no expense on PM all systems asap . Address "wants" as you feel comfortable affording and enjoy every journey!
 

Re: Estimating Potential Capital Loss on Sale of FT

Reply #24 –
Still haven't seen a lugggage rack on a hearse.