Motorhome and RV Frequently Asked Questions

What sort of ownership structure is used for RV Share?

The RV is owned by you and the other owners as tenants in common. An agreement defines the
percentage of ownership for each owner. Motorhome Lifestyle Consultancy is a 1% owner.

What if I want additional options on the vehicle?

There are two ways that this can be handled. If the other owners also want those options, they can be
simply included in the original investment. If not, it's possible for one or more owners to pay for the option,
then get reimbursed for the appropriate portion of its value upon resale.

What if I want a different RV?

A great variety of motorhomes and fifth wheelers are available to purchase. There are two issues to
consider: 1) You don't want to have to wait too long for others to join with you in purchasing a vehicle. If you
want something that is less popular, then you could be waiting for a long time. If you know of others that
want to purchase the same vehicle as you do, then that might not be a problem. 2) Because we are
providing a "buy back guarantee" (conditions apply), then we need to be sure that the vehicle is one that is
going to still be in high demand two years from now. That means there will be some limitations.

What sort of warranty does the RV have?

One of the reasons that we have chosen a two year ownership period is to make sure as much as possible
is fully covered by manufacturer's warranty. You will have the warranty from the RV manufacturer plus there
are individual warranties for installed applicances such as the air conditioner, refrigerator, oven, cooktop,
etc.

Both Nissan and Winnebago provide roadside assistance throughout the two year period.

With regard to warranties it is important to view the actual warranty to know what it does and does not
cover. But as warranties go, you will have some of the best with your new RV.

What if one of the other owners damages the truck, 5th wheeler or motorhome?

Motorhome Lifestyle Consultancy will quickly rectify any damage. The vehicle has comprehensive
insurance, so in some cases a portion of the damage costs will be covered by insurance, with the owner
responsible having to pay the excess.

What if one of the owners fails to keep up their part of the agreement?

Motorhome Lifestyle Consultancy will interact with the parties involved to seek to sort out the problem. If an
owner is abusing the vehicle or has failed to pay for damages, that one will not be allowed to use the vehicle
until such matters are made right. If an owner still owes money for damages, etc. at the end of the
agreement, then the costs will be subtracted from that one's portion of the resale value. This provides each
of you with a lot of protection.

What if I, as an owner, have a poor driving record?

Then your portion of the purchase price will be increased by the amount of additional cost for the insurance
that is incurred because of your driving record. This will also be true if you have nominated someone else as
a regular driver who has a poor driving record.

What if I live in a different state?

We can handle that in one of two ways. If you want your RV to be based close to you, then we simply need
to find a few more owners in that area to go in with you. We are quite happy to do some local advertising
and even visit the area for a seminar. And, of course, you may have friends, family members and
co-workers that might be interested.

The other option is to own a part of a motorhome or 5th wheeler that is based elsewhere. Flights within
Australia are relatively cheap these days and that could give you the opportunity to see some other
fabulous places. You might even want to change areas every two years and really get to see the country!

How is residual value assessed on exit?

The minimum buy-back price is guaranteed to be at least 60% of the vehicle purchase price. The purchase
price used in that calculation is the actual price of the vehicle, not including insurances, maintenance, etc.
At the time of exit the vehicle is put up for sale by tender. It is quite possible that a price well in excess of
the 60% will be achieved. The owners portion of that sale price is returned to them. They can then either roll
over those funds into the purchase of their next RV Share vehicle or they are free to take their money and
go.

Did you have a question that we didn't answer above?

If so, then click here for a query form and we will email you a response as soon as we can.