RV.Net Open Roads Forum: Class A Motorhomes: dealer advertising

RV Blog

  |  

RV Sales

  |  

Campgrounds

  |  

RV Parks

  |  

RV Club

  |  

RV Buyers Guide

  |  

Roadside Assistance

  |  

Extended Service Plan

  |  

RV Travel Assistance

  |  

RV Credit Card

  |  

RV Loans

Open Roads Forum Already a member? Login here.   If not, Register Today!  |  Help

Newest  |  Active  |  Popular  |  RVing FAQ Forum Rules  |  Forum Posting Help and Support  |  Contact  

Search:   Advanced Search

Search only in Class A Motorhomes

Open Roads Forum  >  Class A Motorhomes  >  General Topics

 > dealer advertising

Reply to Topic  |  Subscribe  |  Print Topic  |  Post New Topic  | 
Page of 4  
Next
Sponsored By:
machunt

cincinnati ohio

Senior Member

Joined: 01/19/2006

View Profile



Good Sam RV Club Member

Offline
Posted: 02/14/20 11:29am Link  |  Quote  |  Print  |  Notify Moderator

As my wife looks for a used class A on line, she notices when she finds 1 she likes they have example of monthl payments. Is this a good starting point or ignore this completley.

rr2254545

Central Minnesota

Senior Member

Joined: 07/12/2009

View Profile



Good Sam RV Club Member

Offline
Posted: 02/14/20 11:59am Link  |  Quote  |  Print  |  Notify Moderator

Yes because in the fine print you will see they have calculated 33 % down -most do not put that much down


2012 Winnebago Journey 36M Cummins 360
2014 Jeep Cherokee, Air Force One, Blue Ox Avail tow bar
354 Campgrounds,80K miles driven in our Winnebago motor homes and 1710 nights camping since we retired in July 2009


2oldman

Ca

Senior Member

Joined: 04/15/2001

View Profile


Offline
Posted: 02/14/20 12:13pm Link  |  Quote  |  Print  |  Notify Moderator

Dealers know that many people, if not most, base what they can afford on monthly payments. IMHO it's a poor way to make a choice.

wildtoad

Blythewood, SC

Senior Member

Joined: 06/05/2011

View Profile



Good Sam RV Club Member

Offline
Posted: 02/14/20 12:14pm Link  |  Quote  |  Print  |  Notify Moderator

Yeah forget the advertised monthly payment. Concentrate on finding the right floor plan from a good manufacturer. Then work on the price you’re willing to pay for it. If it’s from a dealer, there is plenty of room for them to come off their asking price.


Tom Wilds
Blythewood, SC
2016 Newmar Baystar Sport 3004

way2roll

Wilmington NC

Senior Member

Joined: 10/05/2018

View Profile


Offline
Posted: 02/14/20 12:14pm Link  |  Quote  |  Print  |  Notify Moderator

rr2254545 wrote:

Yes because in the fine print you will see they have calculated 33 % down -most do not put that much down


Disagree, Many put 10%, 20% you can't say that all dealers have X value in their calcs.

I do agree to look at the fine print. But - You can calculate this yourself.

To the OP - what do you mean by starting point? When you buy are you after a payment or the amount you want to pay for the RV? A payment is a payment based on how much you buy an RV for. You can't negotiate a payment per se. You can negotiate the cost of the RV, you can shop for rate and terms, but a payment is a result of those variables. The advertised price of the RV would be a starting point.

Anyway-

Most lenders or even stand alone sites have payment calculators. Plug in the amount, rate and length. Just google for a payment calculator.

You can also make your own in excel. using the PMT function in Excel. Example:

Monthly payments on a loan of
$50,000 that is to be paid off in
full over 5 years, with an interest
rate of 5% per year :
formula =(PMT( 5%/12, 60, 50000 ))*-1

I put the variable amounts in cells so I can change them at will , like amount, length, etc, and the formula automatically updates.

=(PMT(K5/12,240,$N3))*-1 in this example I put the rate in cell K5 and the amount in N3

in these examples the down payment is irrelevant, what you want to know is how much you are financing. Just subtract the sales prince from your down payment and that is the amount financed.

* This post was edited 02/14/20 12:28pm by way2roll *

machunt

cincinnati ohio

Senior Member

Joined: 01/19/2006

View Profile



Good Sam RV Club Member

Offline
Posted: 02/14/20 12:18pm Link  |  Quote  |  Print  |  Notify Moderator

Yes she only looks at floor plans to which she likes. i know not to shop payment in person, just asking if this is a good starting point

way2roll

Wilmington NC

Senior Member

Joined: 10/05/2018

View Profile


Offline
Posted: 02/14/20 12:43pm Link  |  Quote  |  Print  |  Notify Moderator

machunt wrote:

Yes she only looks at floor plans to which she likes. i know not to shop payment in person, just asking if this is a good starting point


Starting point for what? You can't negotiate a payment, you can negotiate the cost of the RV and shop for terms for a payment.

Are you asking if the payment on the site is accurate - probably. But what's actually important is what the variables are in that payment. What is the amount financed, what's the rate, what's the length of the loan?

A payment is not a starting point for anything. It's a result of other things.

Please tell me you are not shopping/comparing various dealers for specific RV's based on the advertised payment. Some may have 10% down, some may have 20%, some may have a rate of 5% , some 6% etc. You need to shop them based on price.

* This post was edited 02/14/20 12:49pm by way2roll *

Lwiddis

Morro Bay, CA

Senior Member

Joined: 08/12/2016

View Profile



Good Sam RV Club Member

Offline
Posted: 02/14/20 12:43pm Link  |  Quote  |  Print  |  Notify Moderator

IMO you should line up financing before you begin shopping..your bank, credit union etc.


Winnebago 2101DS TT & 2020 Chevy Silverado 1500 LTZ Z71, 300 watts solar-parallel & MPPT, Trojan T-125s. TALL pole for flags. Prefer USFS, COE, BLM, NPS, TVA, USF&WS, state & county camps. Bicyclist! 14 year Army vet - 11B40 then 11A - (MOS 1542 & 1560)


Sandia Man

Rio Rancho, NM

Senior Member

Joined: 08/09/2008

View Profile



Posted: 02/14/20 01:18pm Link  |  Quote  |  Print  |  Notify Moderator

Not for us as we pay no attention to the monthly payment advertised by online dealer sites. For us it is floorplan and out the door price, we always bring our own financing anyway and let them know right from the start. Good luck, hope you find a great deal, we are also in the market for a new rig.

Chum lee

Albuquerque, NM

Senior Member

Joined: 08/03/2015

View Profile


Offline
Posted: 02/14/20 01:38pm Link  |  Quote  |  Print  |  Notify Moderator

IMO, every deal is different. Monthly payments are just one aspect of owning/buying an RV if you plan to finance it.

For example, some loans use a trade in instead of a down payment (or both) as part of the purchase price. Some loans have variable interest rates and a balloon payment at the end. Some are "interest only" or even negatively amortizing. Some loans include insurance or extended warranties in the purchase price, others do not.

Everything varies based on the dealers need to sell something, TODAY, what is on, or, on the way to the dealers lot, interest rates, your credit rating, your income, your trade in, time of year, the economy, etc., etc., etc.

Based on your particular circumstances, YOU have to negotiate the best deal (for you) that you can. There are no "standard deals."

Chum lee

Reply to Topic  |  Subscribe  |  Print Topic  |  Post New Topic  | 
Page of 4  
Next

Open Roads Forum  >  Class A Motorhomes  >  General Topics

 > dealer advertising
Search:   Advanced Search

Search only in Class A Motorhomes


New posts No new posts
Closed, new posts Closed, no new posts
Moved, new posts Moved, no new posts

Adjust text size:




© 2020 CWI, Inc. © 2020 Good Sam Enterprises, LLC. All Rights Reserved.