| hondacuraworld |
BUT....that's not all.
The family and I went to the Erie County Fair last weekend, and of course there were RV's on display there. Upon going through most of them, we found the PERFECT unit, a 2006 model year R-Vision Trail-Lite, marked down from 23,995 to 16,988 for this Fair special. Twin rear bunks, queen bed, everything we could want. The wife and I decided that we were going to buy it. After months and months of looking around at campers to get ideas, this 27 footer fit the bill perfectly.
So, we find a salesman, and ask for numbers, and to include the anti-sway hitch and brake controller installed in the van (just for kicks). We told him we'd be back shortly.
An hour or so passes and we came back, and he hit me with a number somewhere around 220 a month, for 15 years, 240 for 12, and 270 for 10. Wait a minute, what about 5 years? Oh, the banks don't offer a 5 year loan on RVs. And why so high of a payment? Oh, the banks don't give better than 9% usually on an RV loan, they're not like cars......even if you have stellar credit (they hadn't run my credit at that point, which is pretty darn good).
:rolleyes:
Okay, no sweat.......but I want at highest 5%. He seemed in disbelief that I would turn down this amazing deal just for the financing. Tough. I'll look elsewhere.
So got a call from another RV place at home yesterday that we had spoken to before, and I presented him with that scenario and asked if there was any truth to it.
"Yep, that's the way things work. You know how those car dealers get loans so cheap, doncha? They pay the bank several hundred, maybe a thousand dollars or more to buy down the interest rate on the loan. Even used cars. That's how they get the rates low, by jacking up the price of the car and paying money to the bank."
At this point, I can hardly contain myself.
"You DO understand that I WORK at a car dealership, right? That's a lie. Completely untrue."
"Well that's what I'm told anyways, I don't know how true it is.....but I know the fiancing doesn't get any better"
Toodle oo, pal.
Rather than check with my bank on loans, I'm so put off by the purchase processs that I'm going to keep my '68 Trotwood another season or two. I just can't find an honest dealer. |
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| JL_SS |
quote:
Originally posted by hondacuraworld
BUT....that's not all.
The family and I went to the Erie County Fair last weekend, and of course there were RV's on display there. Upon going through most of them, we found the PERFECT unit, a 2006 model year R-Vision Trail-Lite, marked down from 23,995 to 16,988 for this Fair special. Twin rear bunks, queen bed, everything we could want. The wife and I decided that we were going to buy it. After months and months of looking around at campers to get ideas, this 27 footer fit the bill perfectly.
So, we find a salesman, and ask for numbers, and to include the anti-sway hitch and brake controller installed in the van (just for kicks). We told him we'd be back shortly.
An hour or so passes and we came back, and he hit me with a number somewhere around 220 a month, for 15 years, 240 for 12, and 270 for 10. Wait a minute, what about 5 years? Oh, the banks don't offer a 5 year loan on RVs. And why so high of a payment? Oh, the banks don't give better than 9% usually on an RV loan, they're not like cars......even if you have stellar credit (they hadn't run my credit at that point, which is pretty darn good).
:rolleyes:
Okay, no sweat.......but I want at highest 5%. He seemed in disbelief that I would turn down this amazing deal just for the financing. Tough. I'll look elsewhere.
So got a call from another RV place at home yesterday that we had spoken to before, and I presented him with that scenario and asked if there was any truth to it.
"Yep, that's the way things work. You know how those car dealers get loans so cheap, doncha? They pay the bank several hundred, maybe a thousand dollars or more to buy down the interest rate on the loan. Even used cars. That's how they get the rates low, by jacking up the price of the car and paying money to the bank."
At this point, I can hardly contain myself.
"You DO understand that I WORK at a car dealership, right? That's a lie. Completely untrue."
"Well that's what I'm told anyways, I don't know how true it is.....but I know the fiancing doesn't get any better"
Toodle oo, pal.
Rather than check with my bank on loans, I'm so put off by the purchase processs that I'm going to keep my '68 Trotwood another season or two. I just can't find an honest dealer.
A quick internet search shows RV interest rates to be about 5.5 - 6%:
RV Loan Link Example |
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| msu79gt82 |
quote:
Originally posted by JL_SS
A quick internet search shows RV interest rates to be about 5.5 - 6%
Ditto; Tim you are being played the fool :rolleyes:
I just checked my Credit Union and they'll do Motor Homes 5.55% for 3 Years; 5.69 for 4; 5.75% for 5 years; no 6 years loans?, then 6.19 for 7 years and 6.20% for 10 years. They change rates weekly, but you get the idea. |
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| crmsnidol |
My brother in law wanted to hitch his inheirited trailer (don't know make/model) at a South Jersey seaside campground seasonally. They told him their policy was that they wouldn't rent the spots to anyone with a trailer 10 years or older but that they would allow it if they bought the trailer from them (which he did). I'm sure he got bungholed on the rate but he also ended up buying a brand new 39' model that is nicer than most homes I've seen. Add to that cost the $3500 + utils for the Memorial Day to Labor Day usage and I'd say he could have taken his family to Disney for 2 weeks every year for the next 10 years and still had some left over!
Can you tell I'm not into camping? :) |
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