wayne_tw wrote: My only comment is that rig is almost 3 years old. Look at the NADA value for the rig used if your purchase price is close to the price of a used unit, then it is a good deal.
Not really a fair comparison. The used unit would likely be totally out of warranty. The new unit, assuming it has not been put 'in service' yet, has a full manufacturer's warranty beginning the day of delivery. IMO, that removes it a good ways from the value of the used unit.
My 2 cent worth. Down payment. Think of all that interest youre gonna pay. At least its tax deducdtible as a second home,interest, I would require a full fluid change,make sure they,serviced dept.doeit. The good things is if its a new unit you will have a full warrentee. Newmar does make a good unit. Let Dad have a real good look at it. Good Luck on whatever you decide. Chuck
Donna and Chuck
2004 Dutchstar Model 4009 tripple slide
Spartan chasis and 370 ISL Cummins
2003 Saturn L-300 (toad)
1998 Hi-Line Park Model trailor up in Maine
2 chihuahua one female (chi-chi) one male (Alabama)
Make your best deal and don't insist on them doing anything that you can't readily see...that'll save you crawling around and marking things, like filters, plugs, fittings, etc....then save you crawling around again to catch them in a bunch of lies....that's sure to create some costly return visits, arguments, denial and a visit to your Doctor for stress and high blood pressure.
"We are often so caught up in our destination that we forget to appreciate the journey."
1998 36ft. National Tropi-Cal, with a tag axle and one slide, on a 1997 P32 Chevy chassis....7.4 Vortec Engine
Looks like they are selling you a 3 year old rig for dealer cost. You can buy a '09 for 25-30% off sticker.
Low book on this rig is $128,490. I would offer something around 80% of low book. $102-103K. You will need tires, batteries, and such much sooner than a current year rig.
It is nice to buy new, but the depreciation and 100% financing will put you in a upside down position for YEARS. Meaning you will have to take money out of your pocket to get rid of it.
Can you afford $5.00 diesel by this fall. It is already $4.40 on the west coast.
For me, I would look at a higher line coach, that is used. Remember this is not an investment.
Think about it, Newmar is on a 3 day work week. Monaco is on a 2 day work week, National is out of business, Travel Supreme is no longer making motorized products. How much longer are the RV manufacturers going to be around. How about those folks that bought a NEW National RV on Thursday and the next day the Mfg. went out of business. NO warranty.
So, again, buy used, maybe a service contract, and enjoy life on the road.
Jim
'96 Safari (paid for) 300 CAT, 520W Solar
Fulltimming since 2000
If you can afford the payments without negative consequences, I say GO FOR IT!
I think those always touting the depreciating issue are disregarding the priceless adventures one has with a MH. Too much importance has been placed on the dollar side of everything.
Enjoy the many years of enjoyment.
You don't need a $100,000+ MH to enjoy the MH experience----especially if you don't have any down payment money.
Here's a link showing what happens to MH owners that have a blip in their income stream and are mortgaged to the hilt Repossed RV's.
I'll bet these "previous" owners aren't enjoying themselves.
Mark
2000 Itasca Suncruiser 35U on a Ford chassis
2003 Ford Explorer toad with US Gear brakes,
ReadyBrute tow bar, and Demco base plate.
wayne_tw wrote: My only comment is that rig is almost 3 years old. Look at the NADA value for the rig used if your purchase price is close to the price of a used unit, then it is a good deal.
Not really a fair comparison. The used unit would likely be totally out of warranty. The new unit, assuming it has not been put 'in service' yet, has a full manufacturer's warranty beginning the day of delivery. IMO, that removes it a good ways from the value of the used unit.
The instant you drive it off the lot, It is a USED unit! A Low mileage, USED unit. It probably has not been driven the amount everyone recommends every month, probably has not had the genset exercised, probably has not had an annual change of any of the fluids or the chassis lubed. The tires and batteries are at least 3-4 years old. Why do you think the dealer is willing to deal on it?
It will be viewed instantly by any other dealer as a 2-3 year old USED unit after you drive it off the lot! JMHO!!!
Jerry, Dottie & Chan, "the little furry one"
98 Bounder 34V, 99 F-53 Ford V10 chassis
06 Saturn VUE 4I
Wow, sure are a lot of negative Nellies on this thread. Firstly, most of us don't buy a MH and then worry about the price of fuel, if you can't afford the fuel, you can't afford the MH. Some of us also aren't in a position to put a large downpayment down, so close to 100% financing is the only way we can get into the wonderful world of RV'ing. It's a lifestyle folks, not a financial investment. It's a hobby and hobbies cost money, not make money. If you can afford the payments and not get stressed over them, go for it. Enjoy the MH and the recreation that it provides, you only live once. But, if you are worried about MH manufacturers going out of business, the price of fuel, 100% financing, no return on your investment, stay home and take up gardening. I understand that the economy is the crapper in the USA, so maybe caution is advised. I am in northern Canada where the economy is still moving along at a strong rate, so maybe my opinion is slightly tainted.
Open road, only way to go!
Way to many toys, and the wife found out the actual cost
Quote: Here's a link showing what happens to MH owners that have a blip in their income stream and are mortgaged to the hilt... Repossed RV's..... http://www.crankyape.com/default.asp?pg=DisItems&Cat=6
I'll bet these "previous" owners aren't enjoying themselves.
Scary...very, very, scary....and not just for RV owners.
A blanket statement that 100% financing is always bad is incorrect. It completely depends on the buyer's financial status. If your finances are such that your investments can make 6% or more safely, you are ahead if you don't have to transfer any of those funds to a down payment, and the deal offered makes sense.
On the other hand, if you can't count on your investments making more than your interest rate, you need to be careful not to get yourself in trouble. The general rule is to pay as you go as much as possible. Only you can decide if the financial risk is outweighed by the fun you're going to have now.
The usual tradeoff is a lower interest rate for more money down. Doesn't appear to be the case here, but maybe the dealer will give you a lower rate or take a little more off the asking price if you give him a down payment.
wayne_tw wrote: My only comment is that rig is almost 3 years old. Look at the NADA value for the rig used if your purchase price is close to the price of a used unit, then it is a good deal.
Not really a fair comparison. The used unit would likely be totally out of warranty. The new unit, assuming it has not been put 'in service' yet, has a full manufacturer's warranty beginning the day of delivery. IMO, that removes it a good ways from the value of the used unit.
The instant you drive it off the lot, It is a USED unit! A Low mileage, USED unit. It probably has not been driven the amount everyone recommends every month, probably has not had the genset exercised, probably has not had an annual change of any of the fluids or the chassis lubed. The tires and batteries are at least 3-4 years old. Why do you think the dealer is willing to deal on it?
It will be viewed instantly by any other dealer as a 2-3 year old USED unit after you drive it off the lot! JMHO!!!
But it still has a FULL warranty, and in all liklihood the used unit has NONE. How much of a gambler ya wanna be???
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