hottubkid
SCHAUMBURG,IL
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Joined: 12/29/2004
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We ended up paying cash new. If we can't pay cash we don't buy. But with the dealings trying to get it right, Yes we are upside down. besides the iinshall loss we are down because of the dealings with the MFG and DEALER in mental health. Will never buy new again
hottubkid60193@yahoo.com
2004 SOUTHWIND 36E Tow 2003 CRV
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jefff929
Pacific wonderland, wet side
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Joined: 05/23/2004
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lets assume you use your RV as much as I do mine, and would go to as many places and do as many things as we have done, and continue to do.
total co$t of RV, fuel, upkeep and site fees = $X.00 rounded to nearest whole dollar.
now figure auto travel, associated wear and tear above normal for the auto, hotel, meals and tip and extra travel time to the desired location (find a hotel near some of the places we have gone  ) and stress from sleeping in a hotel bed. Our costs would be exponential from the total RV cost of ownership.
2001 Dodge 2500 QC, Diesel, Auto, 4x4 Shortbox, Stull running boards, 26.5' Sundance 5er
My Baby
Another NWBomber
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wallynm
Los Alamos NM
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Joined: 09/27/2000
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Most of the things we buy are not investments and now including in some parts of the country "Real Estate". I tell folks that want to buy a new rig or any rig for that matter that they will keep 10 years that for each $120,000 they spend will cost a $1000 a month or more to cover depreciation, taxes and insurance. So if they are going to buy they ahould be prepared to spend even more per month to use it. We try and have put 75,000 mile over the last 6.5 years.
By your definition I am up side down even though I hold the title.
We always try to enjoy the ride
sepisllib wrote:but I certainly cannot recoop anywhere near my total investment should I trade or sell it.
Bill
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2002 DSDP 3567 PUSHED BY KITTY KAT
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Two Jayhawks
lenexa ks
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Joined: 03/17/2003
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Quote:I just am curious (I know, none of my business) about how many of us out here have mortgaged our souls for this purpose though.
I for one have not. I've owned my (new to me) coach for two years now and my buy in was still more than $10K less than current NADA. I'm not hanging my hat on the idea that I won't loose money if I choose to sell but I made hard choices to LIMIT my losses. We are however in our thirties and forties so I can't afford to make bone head mistakes.
I love the lifestyle as much as the next guy but no I won't mortgage our souls to do it.
2002 Safari Zanzibar
CAT C12 455/1550
Allison 4000
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Cloud Dancer
San Antonio and Livingston TX USA
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Joined: 06/08/2001
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The average depreciation on mine will be about $18K per year. I won't feel it until I sell it, therefore I should just keep it forever,....since it's worth what I paid for it,....to me. I would not have bought it if I hadn't been able to write a check for it. Honestly, if diesel had stayed at $1.50, buying this MH would've been a much better idea. Regrets? Not yet.
Willie & Betty Sue
Miko & Sparky
2003 41 ft Dutch Star Diesel Pusher/Spartan
Floorplan 4010
Blazer toad & Ranger bassboat
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SCHARLEY
Atlanta, GA
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Joined: 02/20/2005
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Like some say, being “up-side down” in a loan and having “negative equity” as a result of depreciating value of something are two totally different things.
Of course combining the two is what about 65% of the owners of 2000 and newer class A’s have done.
SCHARLEY
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Sully2
Cincinnati
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Joined: 01/20/2003
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Upside down?...Right side up.? I dont care if Im inside out on the loan on my rig. Our plans are to keep it till we die..and after that it dont really matter what its worth.. ...but as long as I have "investments" who's return is more than enough to make my payments and "up keep"....I could care less what "position" Im in on a loan
2000 Country Coach Allure; Cummins ISC 330 HP; 71/2 - 8 MPG regardless
2002 Jeep Liberty
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RCtime
So. Calif.
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Joined: 01/18/2004
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Start shopping the private ads for motorhomes and it will surprise you how many are upside down.
We bought our 02 Journey last November. The party I bought it from had to put in an additional $20,000 on top of what I paid for the unit to satisfy the loan.
There was another motorhome I was looking at that was way upside down also. I couldnt buy it as the owners didnt have the money to satisfy the loan over what the motorhome was worth. Guess they still own it and making the payment, or found a sucker.
Its sad that so many get cought up in the moment of buying a new motorhome and are blind to all that creative financing and it consequences.
Ron
2002 34HD Winnebago Journey DL, Cat. 330/freightliner
2004 Honda CRV - Garmin 1490t
Great wife & Cavalier King Charles Spaniel
TT/N
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Sully2
Cincinnati
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Joined: 01/20/2003
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RCtime wrote:Start shopping the private ads for motorhomes and it will surprise you how many are upside down.
We bought our 02 Journey last November. The party I bought it from had to put in an additional $20,000 on top of what I paid for the unit to satisfy the loan.
There was another motorhome I was looking at that was way upside down also. I couldnt buy it as the owners didnt have the money to satisfy the loan over what the motorhome was worth. Guess they still own it and making the payment, or found a sucker.
Its sad that so many get cought up in the moment of buying a new motorhome and are blind to all that creative financing and it consequences.
I always like the posts from people who say that they'll just let the bank get it back and they are "even with the board"...FALSE-A-MUNDO!! When the bank eventually gets rid of it..THEY will still owe the difference...not THAT hurts...making payments on a loan for an object you dont even possess anymore...
* This post was
edited 06/19/08 10:46am by Sully2 *
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topflite51
In The Desert of Nevada
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Joined: 05/13/2004
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How much is your mental health worth? If the RV is costing you more than that, you are upside down. If the RV is costing you less than your mental health is worth, than you are RIGHT SIDE UP.
 David
Just rolling along enjoying life
w/F53 Southwind towing 87 Samurai looking to golf or fish
Simply Despicable
Any errors are a result of CRS.
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