A deal to salvage collapsed Queensland luxury caravan manufacturer Zone RV will leave more than 100 customers about $10 million out of pocket.
The company went into administration in December owing $42 million and was put into liquidation in January.
Melbourne-based Essential Caravans has purchased Zone RV’s assets from the liquidator and luxury vans will continue to be built at the company’s Sunshine Coast factory.
But existing customers who had collectively paid millions of dollars in progress payments have been frozen out of the deal.
Some people had paid more than $160,000 towards caravans that had not been built when Zone RV collapsed.
Zone RV’s new owner Jamie Johnson says he will scrap the progressive payment system. (ABC News: Kyle…