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BurbMan

Islip, Long Island

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Posted: 12/08/20 10:29am

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Demand has never been higher!! Pic is link to Camping World form on FB that you can fill out...23,000+ comments so far! Folks want to sell their rigs and get out from under the payment.

2015 Ram 3500 SRW 4x4 Laramie Crew Cab Long Box, Cummins diesel
2002 Lance 811 Slide-In Camper
SOLD: 2008 Terry 34' TT
SOLD: 2001 K2500LT 8.1L Suburban

Lance 811 Renovation Story!
Project Complete!
Maiden Voyage!

Lwiddis

Death Valley NP

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Posted: 12/08/20 11:35am

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I'm betting the newbies did no maintenance. Buyer beware.

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

JKJavelin

Milwaukee, WI

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Posted: 12/08/20 01:07pm

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What about the ones that owe way more than they'll get for it?

2018 Ram 3500 Laramie Cummins 6.7
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2017- 21 Nights
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Gdetrailer

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Posted: 12/08/20 01:33pm

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JKJavelin wrote:

What about the ones that owe way more than they'll get for it?

They are "out of luck" if they are not able to "cover" the difference in what CW offers and the loan payoff amount..

CW is betting on snapping up dirt cheap "fire sale" inventory taking advantage of folks PANIC SELLING.

Best bet is to NOT get in the "upside down" position in the first place, by buying a lower cost RV or even a used RV even if it means you won't get all of those "cool" new "gadgets" and "gingerbread".. But that is a whole nuther discussion that typically turns pretty ugly around here.

rk911

DuPage County

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Posted: 12/08/20 03:10pm

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Gdetrailer wrote:

JKJavelin wrote:

What about the ones that owe way more than they'll get for it?

this., ^^^^^^^^^

Rich
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_________________________________
2016 Itasca Suncruiser 38Q
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& MaggieThe Wonder Beagle

Edd505

Elephant Butte, NM

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Posted: 12/08/20 06:49pm

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Camping World = RUN!

2015 F350 FX4 SRW 6.7 Crew, longbed - 2017 Durango Gold 353RKT
2006 F350 SRW 6.0 crew longbed sold
2000 F250 SRW 7.3 extended longbed airbags sold
2001 Western Star 4900EX sold
Jayco Eagle 30.5BHLT sold, Layton 24.5LT sold

BurbMan

Islip, Long Island

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Posted: 12/08/20 07:45pm

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Lwiddis wrote:

I'm betting the newbies did no maintenance. Buyer beware.

Read the comments, lots of 2015-ish units folks are tired of making payments on. Whether they did any maintenance who knows.

Point is that inventory has to be really low if CW is on FB looking to buy trailers.

Grit dog

Black Diamond, WA

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Posted: 12/08/20 11:45pm

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They’re just prepping for next year. At the rate this Rona thing is going, it’ll be camper madness again next year.
I need to get off my ____ and find a trailer this winter!

"Yes Sir, Oct 10 1888, Those poor school children froze to death in their tracks. They did not even find them until Spring. Especially hard hit were the ones who had to trek uphill to school both ways, with no shoes." -Bert A.

Gdetrailer

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Posted: 12/09/20 08:50am

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BurbMan wrote:

Lwiddis wrote:

I'm betting the newbies did no maintenance. Buyer beware.

Inventory may be low (which IS GOOD for companies right now as they can keep the SELLING price and profit up) it is more like CW is taking a "calculated risk".

They are trying to scoop up fire sale bargains from panicked sellers, lots of folks out of work or underemployed right now, market is ripe to buy dirt cheap from folks who are not in a good position to continue paying on a 8-12yr loan giving CW extremely undervalued inventory that they can resale at a huge profit.

Not to mention CW might be having issues landing new inventory quick enough with many factories shuttered or vastly crippled in output..

Remember the movie "Its a Wonderful Life"?

In the movie set around the great depression, Potter (the mean guy) buys up every property he can from panicked owners for $.50 on the Dollar (half of it's worth) and the good guy "Bailey Building and Loan" manages to keep a few customers that believe in him.. If it wasn't for Bailey, the whole town would have been vastly different.

I don't begrudge CW for making a profit, but this kind of advertising activity is pretty tacky to say the least (actually this thread is actually expanding their advertisement). And I would bet their offers are $.50 on the Dollar too boot..