Hornet28BHDS
Parker, PA
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Thanks for the advice!
2006 Hornet 28BHDS-Bunk House, Dual Slides
2006 Dodge Ram 2500 HD
5.7L Hemi, Factory Towing Package
Reese Brake Controller, WD Hitch and Sway Bar
Life is short, why not spend it in an RV!
SPRING HAS SPRUNG!
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RGordon
Atoka, TN
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Joined: 02/17/2003
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I can understand why this happened, your dealer probably couldn't get financing for your trade just like at times you cannot get approved. I am amazed how many of the dealers are floorplanning all these rv's they have on their lots. Your deal was not a real money maker for them either, but more than likely put owner in fiancial bind so you could trade down. I think you will read lots more of these type dealings until our economy comes back up and fuel prices stabilizes.
Ron & Libby Gordon
07 Ford F350 Dually Tow Boss Diesel
07 Mobile Suites 38RL3 #3698
02 Winnebago Adventurer 35U V10 (Former RV)
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pyrographer
New Mexico
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Ron, I agree it probably wasn't a money maker for them. We had loan approval but we were looking for a better rate with less money down. It wouldn't have been so bad if they hadn't let the situation go so far. If they had done it BEFORE they made so many credit checks trying to get the best rate ruining our GREAT credit rating and BEFORE they asked us to bring our coach in to try to sell so we wouldn't have had to spend hours and hours empyting it I wouldn't have minded so much. They had over 3 days after they made the deal to make this decision but they didn't. They waited until they dinged our credit rating and until the close of business on Wednesday. We were going to bring our coach in the next day and order the coach. Why not do it before all this?
If they had been honorable business people they would have done it BEFORE they did all that. They knew their financial position and they knew what the market was like long before Wednesday.
Nedra
Alan & Nedra
Toby & Myah, Shetland Sheepdogs who think they are golden retrievers
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Bobbo
Memphis, TN
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A better title for this thread would be "Be Sure You Get It In Writing FIRST!"
Bobbo, Linda and the furry kid (German Shepherd)
'07 Winnebago Outlook 31C on a Ford E450 Super Duty Chassis
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minnow
Upstate New York
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In six months you'll likely be thanking the stars that this fell through. Here's what could of happened: You put down your deposit and trade in your 2007, signing over the title. Two weeks go by and you call the dealer get a delivery date on your new 2009. The phone goes unansewerd. You call back the next day and get a recording that the number is no longer in service. Now in a panic, you drive out to the dealer to see the place padlocked and your 2007 Class A being driven out the front gate by a repo-company driver.
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sirdrakejr
Las Vegas, Nevada
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Timing is everything and it looks like timing is on your side! Watch and see how that dealer fares in the near future. You may be very happy they backed out of the deal.
Frank
RV.net blog
For those of you looking for expert advice, here ya go!
Frank
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pyrographer
New Mexico
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Very true and we will be watching him and all the other dealers in our area to see what happens and who fairs well and who doesn't.
In the meantime we are heading to another service center that came highly recommended to try to work on some issues that Rocky Mountain didn't fix and perhaps have them fix the little ding in the back of the coach. Would have let Rocky Mountain do it but not after this. We'll let someone else pay for their new paint booth...not us 
One good thing that came out of this is that we reorganized things, took things out we hadn't used in some time and did some "spring" cleaning.
Nedra
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Stumps
valley of Virginia
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avan wrote:Whether in real estate or vehicles or any major purchase, I would never consider myself as having a deal until there was a binding contract. Tell me, Nedra, if something dire had happened to you in the past week, like announcement of layoffs that included you all, would you have just said, 'oh well, I told them I wanted to buy it so let me just get out my checkbook'? What if you were unable to get any financing at what you considered a decent rate, would you have just sucked it up and paid whatever exorbitant rate just so you could 'keep your word.? As you said, your "DEAL" was so up in the air that it hadn't even been completely priced yet.
have to agree.
I think it's common knowledge, most of us involved in negotiating know that until the paperwork is signed and a check exchanges hands, that either party can honorably back out. You could have called them before you brought in your trade and said "you know, we decided to keep our camper" and they'd have said "OK". and you would have been in your rights to do so.
I am not reading anything negative about the dealership here. I wouldn't let any credit reports be run until after I'd signed the purchase contract, and I'd have likely pre-arranged financing so I could easily say to them "no thank you, I have a better deal" if need be. JMHO
04 Isuzu Ascender
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javaseuf
Southern Cal
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Joined: 03/30/2005
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You are lucky you even got your trade-in back.
I have seen dealers take in trades and then never deliver the new coach and go out of business leaving the customer with no coach at all.
I also have seen dealers take a trade and then give the new coach to the customer with a pending finace deal only to either not get the deal finaced or finaced at a much higher rate. When the customer says forget it, they take back the new coach and the trade-in has already been sold.
Steve
2007 Springdale 291RKL
2003 F150 King Ranch
2001 Dodge Van w/Wheelchair Ramp
1991 Palomino Mustang PUP
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Dustytuu
Colorado USA
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Joined: 03/16/2004
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It is much better to arrange your own financing. We arranged the financing on our new tow vehicle and glad we did.
2008 dodge 5500, diesel, bedsaver, pressure pro tire.
2008 Carri-Lite 36SBQ, 4 slides,dishwasher,washer/dryer,2 fireplaces
D & D
Two Schnauzers, & cat
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