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05-09-2014, 07:02 PM
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#1
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Junior Member
Join Date: May 2014
Posts: 1
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Buying an RV as partners with my parents?
My parents are looking to buy a class C Motorhome for $64,000.
I will be in the market for one in a year or so.
However, since I could use one now for a few trips here and there I'm thinking about going in halves with them on this one...
My only concern is that they will be traveling with their pets and they let them sleep on the couch, bed, etc...
Has anyone ever setup a partnership to buy an RV? How did that work out?
On the plus side - it seems it would be a good idea since neither of us will be full timing - so, we would get more use out of it rather than letting it sit.
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05-09-2014, 07:08 PM
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#2
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Senior Member
Monaco Owners Club Workhorse Chassis Owner
Join Date: Nov 2009
Posts: 1,363
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how will you title it?
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05-09-2014, 07:19 PM
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#3
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Senior Member
Join Date: Apr 2011
Location: Powell River, B.C.
Posts: 31,442
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Even with family , this sounds , like a big argument waiting to happen . Sorry just had to say it . If you or yours have pet allergies , it could take longer to clean the RV for your use than your actual time away. Then there's the lead time for arrangements and the un-expected trips. It is a compromise and we all know how well they work.
It broke down on your trip what do you mean I owe half ?
Sit back and think it out . JMHO the negatives out weigh any positives.
If you need an RV , before your ready to buy ; rent. Safer.
__________________
99DSDP 3884, Freightliner, XC, CAT 3126B, 300 HP /ALLISON 3060
2000 Caravan toad, Remco & Blue Ox.
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05-09-2014, 07:39 PM
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#4
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Senior Member
Join Date: Aug 2011
Posts: 1,546
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I do not know your family works out, but I told the wife no when her brother asked to go in halfs with one he was buying. We did not for the same reasons that Skip mentioned, other than we had the dog.
It was a good thing we did not....
__________________
2017 F350 Lariat Diesel Dually, White, Hitch Kit.
2013 Dutchman Voltage 3200 Epic II 5th wheel.
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05-09-2014, 11:55 PM
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#5
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Senior Member
Join Date: May 2012
Posts: 977
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I guess it depends on the family. I myself would never do it, I figure if I want something i'll buy my own. But I see a lot of other family's that don't seem to mind using each others stuff all the time. I think it's a problem waiting to happen but that's just me.
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05-10-2014, 07:44 AM
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#6
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Senior Member
iRV2 No Limits Club
Join Date: Jun 2006
Location: Naples, Fl.
Posts: 1,303
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It all depends on your family dynamics.
If you can work out ALL the details, without arguments, go for it.
That being said, we went half in on a boat with my parents. It worked.
__________________
Camping Rig: 2006 Outback 27 RSDS--
2005 Dodge 3500 - Dually- Cummins
Full time since June 2006
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05-10-2014, 10:19 AM
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#7
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Senior Member
Country Coach Owners Club
Join Date: Dec 2010
Posts: 7,793
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Buying an rv is a business deal. Never mix business with friends or relatives.
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05-10-2014, 10:33 AM
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#8
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Senior Member
Winnebago Owners Club
Join Date: Mar 2013
Location: Arizona
Posts: 776
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It wouldn't work in my family, though a simple loan of cash wouldn't be a problem amongst us. The RV isn't just the financial minefield but endless issues or how it should be maintained and used. As you already said you know the dogs will trash it in your eyes, and they will be no problem in your folks eyes.
I suppose I'd do it if it meant I could never do it in my own, but I'd have to constantly remind myself that I knew I was signing up for the aggravation that is sure to follow. I'd avoid it if there was ANY other way to do the deal v
__________________
Joseph and Sandy
Arizona Sunbirds
(Snowbirds in Reverse)
Winnebago Chieftain / Ford Hybrid Toad
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05-10-2014, 10:46 AM
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#9
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Registered User
Join Date: Nov 2010
Location: Austin, Texas
Posts: 413
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No, not only no, but absolutely no, and not only absolutely no, but HELL NO. I have one very stringent code that I'll never change. NEVER, as in absolutely never do business with ANY relative. Business implies any financial dealings, partnerships, transactions, sales or trades of any type or kind. The one with the money will get screwed and that usually will be the parents....regardless. If I were your parent, I'd tell you "no thanks" !
Hhg
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05-10-2014, 11:58 AM
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#10
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Senior Member
Fleetwood Owners Club Ford Super Duty Owner
Join Date: Jun 2012
Location: SoCal
Posts: 15,749
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Sounds like a recipe for disaster to me...
__________________
Vince and Susan
2011 Tiffin Phaeton 40QTH (Cummins ISC/Freightliner)
Flat towing a modified 2005 Jeep (Rubicon Wrangler)
Previously a 2002 Fleetwood Pace Arrow 37A and a 1995 Safari Trek 2830.
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05-10-2014, 07:43 PM
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#11
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Senior Member
Join Date: Nov 2011
Location: Polk City Florida
Posts: 1,930
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Not a good venture for numerous reasons. Why not let them purchase it and then work out an arrangement to "rent" it for your use. Make rental agreement rock solid if anything goes wrong while you rent it,, you will haave it repaired.
__________________
Don and Nancy
[2018 Tiffin Bus 40 AP, 2022 Ford Edge ST , 9yr old sisters Sara n Kaycee, Havanese, Electric Catrike
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05-10-2014, 08:32 PM
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#12
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Senior Member
National RV Owners Club Workhorse Chassis Owner
Join Date: Apr 2011
Location: Federal Way, Wa.
Posts: 2,901
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Generally not a good idea. In your post you already give one reason, pets. Generally it goes downhill from there.
__________________
I do all my own stunts
03 Dolphin LX 6355, Workhorse W22, 8.1 vortec, 04 CR-V, Blue Ox, Brake Pro----Norm, Barb and
Doc(He's a PhD)
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05-11-2014, 07:17 AM
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#13
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Senior Member
iRV2 No Limits Club
Join Date: Jun 2006
Location: Naples, Fl.
Posts: 1,303
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Quote:
Originally Posted by djbmsu
Not a good venture for numerous reasons. Why not let them purchase it and then work out an arrangement to "rent" it for your use. Make rental agreement rock solid if anything goes wrong while you rent it,, you will haave it repaired.
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Now that is a GREAT idea.
__________________
Camping Rig: 2006 Outback 27 RSDS--
2005 Dodge 3500 - Dually- Cummins
Full time since June 2006
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05-11-2014, 08:57 AM
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#14
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Senior Member
Join Date: Sep 2010
Location: MI
Posts: 1,094
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NO! I like the renting arrangement for sharing. But, .... The old adage, neither a lender nor a borrower be is my rule. Lost my oil filter wrench. I know my good friend had one one but went to the store and bought a new one anyway. Maybe that is why we're still good friends after all these many years.
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