RV.Net Open Roads Forum: What's the Market Like out there for buying used?

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 Travel Trailers

Open Roads Forum  >  Travel Trailers  >  General Q&A

 > What's the Market Like out there for buying used?

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

Phoenix AZ

Senior Member

Joined: 04/08/2002

View Profile



Posted: 03/07/22 02:15am Link  |  Quote  |  Print  |  Notify Moderator

Lantley wrote:

What I am saying is paying cash does not automatically give you a superior bullet proof deal. You still have to negotiate, you still have to play the game. There is still rebates and kick backs. And you are out of your cash. Your funds are tied up in a depreciating item vs. paying a fee to use someone elses funds.
Leaving your funds free for other puposes.
Is it better to pay 100K up front or 5K for 20 months. There is value to keeping your money in your pocket.
I've heard of deals where the dealer prefers to finance because they get a kick backs from the bank that they won't get in a cash sale. Hence they encourage buyers to finance and pay it off. It gave the buyers a better deal because they got the benefit of the banks $$ and a better price.
I've also seen scenarios where the best price was not a cash price because finance kick backs trumped the cash price.
Maybe cash is not always king!
GOES WITHOUT SAYING THAT YOU NEED TO NEGOTIATE HARD.

In the deals you use as examples, I do not believe for a minute that the best deal was had....If I was to believe that, then I would have to believe that the lenders got taken by the buyers... I do NOT.Remember what I said about them being much better off than thr people they loan money to... That is no accident. They are pros at making money while leading their customers to believe otherwise

Of course absolutly no one will admit this, for obvious reasons.



Huntindog
100% boondocking
2021 Grand Design Momentum 398M
2 bathrooms, no waiting
104 gal grey, 104 black,158 fresh
FullBodyPaint, 3,8Kaxles, DiscBrakes
17.5LRH commercial tires
1860watts solar,800 AH Battleborn batterys
2020 Silverado HighCountryC CD/A 4X4 DRW



nickthehunter

Southgate, MI

Senior Member

Joined: 07/18/2005

View Profile


Offline
Posted: 03/07/22 05:29am Link  |  Quote  |  Print  |  Notify Moderator

Huntindog wrote:

...Of course absolutely no one will admit this, for obvious reasons.

8.4% Average Annual Return on Investment, 2.1% interest rate over the same 10 year period of time.
And I am able to negotiate just as good a deal as you are. My money and your money looks identical to the dealer.
Please tell me again how paying cash is best.

goducks10

There

Senior Member

Joined: 02/22/2010

View Profile


Offline
Posted: 03/07/22 08:50am Link  |  Quote  |  Print  |  Notify Moderator

I'm sure there's some that are cheaper but probably not by much.
With the price of RV's today and the high interest rates that correspond with those high prices, now is not the time to buy with a loan.
Per Good Sam.
Loan Amount 5-Year 10-Year 12-Year 15-Year 20-Year
$100,000 - $2,000,000 4.24 5.39 5.49 5.49 5.49
$50,000 - $99,999 4.24 5.39 5.49 5.59 5.59
$25,000 - $49,999 5.74 5.99 6.25 6.24
$15,000 - $24,999 8.49 8.99 8.99
$10,000 - $14,999 9.49 9.49 9.99

My CU has 5% new, 5.25% used. To high for my liking.

Grit dog

Black Diamond, WA

Senior Member

Joined: 05/06/2013

View Profile


Offline
Posted: 03/07/22 09:16am Link  |  Quote  |  Print  |  Notify Moderator

Huntindog wrote:


Maybe cash is not always king!
GOES WITHOUT SAYING THAT YOU NEED TO NEGOTIATE HARD.
Quote:



In the deals you use as examples, I do not believe for a minute that the best deal was had....If I was to believe that, then I would have to believe that the lenders got taken by the buyers... I do NOT.Remember what I said about them being much better off than thr people they loan money to... That is no accident. They are pros at making money while leading their customers to believe otherwise

Of course absolutly no one will admit this, for obvious reasons.


So, Huntindog, I, like you, prefer to pay cash for anything I can afford to. Note, aside from 2 new vehicles over my entire time behind a steering wheel (which sadly is over 30 years, now), every other vehicle or "toy" (RV, bikes, boats, etc) has been purchased used and used private party.
Cash "can" still be king in these scenarios, but generally only for the lower priced stuff. Someone selling a $50-100k used (boat, rv, whatever) is generally not "after the cash, NOW" nor willing to forego some revenue for "cash" on a large transaction.

When talking about car dealers, new or used, cash is NOT king, regardless of what you learned back in whatever decade you started making large purchases.
Your soapbox is getting pretty weak...


2016 Ram 2500, MotorOps.ca EFIlive tuned, 5” turbo back, 6" lift on 37s
2017 Heartland Torque T29

Huntindog

Phoenix AZ

Senior Member

Joined: 04/08/2002

View Profile



Posted: 03/07/22 02:53pm Link  |  Quote  |  Print  |  Notify Moderator

nickthehunter wrote:

Huntindog wrote:

...Of course absolutely no one will admit this, for obvious reasons.

8.4% Average Annual Return on Investment, 2.1% interest rate over the same 10 year period of time.
And I am able to negotiate just as good a deal as you are. My money and your money looks identical to the dealer.
Please tell me again how paying cash is best.
You should name the investments so all of your RV buddies can get in on it.
Fact is that there hasn't been such RISK FREE investments in a very long time,,, As for your rate of return.. I have done much better than that. but the other fact is it has been easy to make money in the market for the last 10-12 years, Any fool could do it. That does not mean there was not risk. With what is happening now, the next 10 years probably will be much different than the last 10 years.


nickthehunter

Southgate, MI

Senior Member

Joined: 07/18/2005

View Profile


Offline
Posted: 03/07/22 06:49pm Link  |  Quote  |  Print  |  Notify Moderator

I still have the money, invested and paying me nicely, I can pay off the loan anytime I feel it’s a losing proposition to keep it. Your money on the other hand is now long gone and stopped paying you anything the minute you gave it to the dealer.

Huntindog

Phoenix AZ

Senior Member

Joined: 04/08/2002

View Profile



Posted: 03/08/22 02:13am Link  |  Quote  |  Print  |  Notify Moderator

nickthehunter wrote:

I still have the money, invested and paying me nicely, I can pay off the loan anytime I feel it’s a losing proposition to keep it. Your money on the other hand is now long gone and stopped paying you anything the minute you gave it to the dealer.
I still have money to invest.
What are you investing in that pays so much with zero risk? I want to get in on it.


propchef

NORCAL

Full Member

Joined: 10/02/2020

View Profile


Offline
Posted: 03/08/22 06:35am Link  |  Quote  |  Print  |  Notify Moderator

Huntindog wrote:

nickthehunter wrote:

I still have the money, invested and paying me nicely, I can pay off the loan anytime I feel it’s a losing proposition to keep it. Your money on the other hand is now long gone and stopped paying you anything the minute you gave it to the dealer.
I still have money to invest.
What are you investing in that pays so much with zero risk? I want to get in on it.


Is your RV perfect? Risk-free? Probably not.

Yes, you still have money left, but that wasn't his point. His money works for him and he used someone else's money to buy his RV. Risk is relative.

big_jeff

tucson

New Member

Joined: 06/27/2014

View Profile



Posted: 03/08/22 08:03am Link  |  Quote  |  Print  |  Notify Moderator

I also was looking, but for a truck camper. Found one that I liked, had all my "wants".
Drove about 1000 miles to pick it up. Price was right, I'll bet that prices will only go up. I see nothing coming down in the foreseeable future. My $5.00 worth, up from .02...

GrandpaKip

Flat Rock

Senior Member

Joined: 06/18/2013

View Profile



Good Sam RV Club Member

Offline
Posted: 03/08/22 09:47am Link  |  Quote  |  Print  |  Notify Moderator

Unfortunately, once again, the fence post has replied and another thread has derailed.


Kip
2015 Skyline Dart 214RB
2018 Silverado Double Cab 4x4
Andersen Hitch

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

Open Roads Forum  >  Travel Trailers  >  General Q&A

 > What's the Market Like out there for buying used?
Search:   Advanced Search

Search only in Travel Trailers


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

Adjust text size:




© 2022 CWI, Inc. © 2022 Good Sam Enterprises, LLC. All Rights Reserved.