No-one can have escaped the fact that the credit cruch has caused severe difficulties for our economy which has led to a full blown recession and the rate of business failure has increased significantly.
The lending/borrowing impasse at banks is making the situation even worse - businesses who might survive this recession by downsizing and restructuring often can't arrange the finances to do so - some basically sound businesses will fail, in addition to the ever increasing number of unsound businesses.
Deposits on purchases while awaiting delivery are almost always lost without hope when businesses fail as customers aren't regarded as preferential customers, unlike Inland Revenue etc.
With a big increase in business failure expected, some of which will inevitably be in the leisure and caravanning industries, it would be a bad time now to place deposits against new caravans. Dealers and manufacturers are over-stocked because of poor sales so there should be no reason for waiting for a factory order.
It's easy to get carried away at shows and put a deposit down but without knowing the financial position of the seller, it's a very risky business.
Don't run the risk of losing a deposit, we caravanners are feeling the pinch personally, as well as the businesses. I don't suppose anyone's got money to lose like that.
The lending/borrowing impasse at banks is making the situation even worse - businesses who might survive this recession by downsizing and restructuring often can't arrange the finances to do so - some basically sound businesses will fail, in addition to the ever increasing number of unsound businesses.
Deposits on purchases while awaiting delivery are almost always lost without hope when businesses fail as customers aren't regarded as preferential customers, unlike Inland Revenue etc.
With a big increase in business failure expected, some of which will inevitably be in the leisure and caravanning industries, it would be a bad time now to place deposits against new caravans. Dealers and manufacturers are over-stocked because of poor sales so there should be no reason for waiting for a factory order.
It's easy to get carried away at shows and put a deposit down but without knowing the financial position of the seller, it's a very risky business.
Don't run the risk of losing a deposit, we caravanners are feeling the pinch personally, as well as the businesses. I don't suppose anyone's got money to lose like that.