u/nussinboots

First of all, buying toys like a boat, caravan or car is obviously the wrong financial move… BUT! If you so decided that it was necessary for mental health & family wellbeing, what is the best way to purchase such an item… asking for a mate

Toy is $65k, have put down $5k deposit & have $60k remaining

Round numbers are:
Mortgage is $290k with $100k offset at 6%
Finance option 7% for 5 years & $300 closing fee

Initially I thought offset to fund said project, but now I’m not so sure as I’ll lose a lump sum in offset savings.

What’s the best way to go about a poor financial but good mental health decision?

Cheers

Looking to buy a van, I’ve found a pretty good deal & I have the capacity/capability to modify it myself in just about all aspects.

We have a camper trailer currently but due to young family hasn’t been used much. I feel a caravan would be an easier setup & help us get back out more often. Partner isn’t entirely sold on the idea

Anyone regret buying a van too early in life with a young family (6month old)??

Plan is to start small with weekend trips, leading into longer trips & eventually I would like to do a lap in a Few years before kid(s) start school

Gday, we are looking for our first van

Have nailed down our layout to kitchen on the awning side, seperate toilet/shower & a north south bed. Semi or full off-road will end up being tare of 2.5T or more & 21-22ft

A fair few are fitted with cruisemaster suspension. The CRS seems more semi off-road & XT is better again/full off-road spec

We are in WA & would mostly do coastal tracks around Ningaloo coastline. Eventually hoping to do a lap in a few years

Would the CRS models be adequate for medium off-road use or would is the XT that much better?

Towing with a 100series cruiser (all of the extras)

A few vans in the short list are New-age Road owl-Adv or JB Dirtroader/Dreamline

Keen to hear some feedback from those actually out & about off the bitumen

Cheers