Reply
 
Thread Tools Display Modes
Old 09-01-2015, 01:22 PM   #21
Member
 
Join Date: Apr 2014
Posts: 41
No prepay penalty after 12 months and I got $5K off. Was going to pay cash or do own financing but could not beat their deal.
Allagante
__________________

__________________
allagante is offline   Reply With Quote
Old 09-01-2015, 05:47 PM   #22
Member
 
sdgscott's Avatar
 
Join Date: Jun 2015
Location: Ventura County, California
Posts: 67
Quote:
Originally Posted by JimOneil43 View Post
Does the RVW financing require a minimum number of months before you can pay it off? We planned to pay cash for our MH when we buy it, but if we can save 5K by financing and then pay it off in a year, that might be the way to go.
Jim
Hi,

As Allagante said, no prepay after a year. If you are going to pay cash, this is a no brainer.

I'm not going to do this because I want to keep my cash invested in the market. In finding my own financing, I am going through Costco. You can currently get a 10 yr loan (75,000 up) for 3.65%. 20 yrs is 4.17%.

Scott
__________________

__________________
sdgscott is offline   Reply With Quote
Old 09-01-2015, 05:59 PM   #23
Senior Member
 
Creativepart's Avatar
 
Join Date: May 2015
Location: South Texas
Posts: 525
Quote:
Originally Posted by sdgscott View Post
I am going through Costco. You can currently get a 10 yr loan (75,000 up) for 3.65%. 20 yrs is 4.17%.
We went through USAA Bank. 15 years at 4.25%. Quick and easy online transaction. They overnighted a check to us in the RV dealer's name. But we've all but got it paid off already. We just used the loan to simplify the purchase basically. We didn't want to wait a year. Plus our dealer had the unit we wanted in stock ready to go. RVW wanted between 1 to 3 months to get one just like it.

And, if have to say my cautious side wondered how my RV loan - even if I made payments for a year - could possibly be worth $4K to $5k to anyone?? $1,200? Sure I could see that. But $4,000??? Wait, if it sounds too good to be true....
__________________
2017 Winnebago Adventurer 37F
TOAD: 2016 Lincoln MKX
Creativepart is offline   Reply With Quote
Old 09-02-2015, 04:04 AM   #24
Member
 
Join Date: Nov 2014
Posts: 88
I purchased from RVW and had a great experience. The loan department was helpful and got me the best rate. I told them we were considering paying cash so they suggested getting the loan to get the extra discount but to pay off as much of the loan we wanted as soon as we wanted and to leave a low balance until the end of the year to keep the interest payments to a minimum.

The only thing I didn't like was the requirement of adding a service plan to get a better interest rate. (Either rate they offered was still better than any other bank or credit union I checked with)

The only reason I bought the over-priced service plan was because I wanted the lower rate and because I was able to cancel the plan within the first 60 days with a full refund minus a relatively small service fee. It was the only negative I experienced with the purchase.

Otherwise we got exactly what we wanted and they delivered it to is here in Oregon and I saved about $13,000 from the best price at the local dealer.
__________________
2015 Forest River Forester 3011 DS - 2007 Dodge Durango Toad
ORvideoguy is offline   Reply With Quote
Old 09-02-2015, 04:22 AM   #25
Member
 
Join Date: Sep 2015
Posts: 60
RVW doesn't really deal with trades but they do consignments. That pretty much left me out of it. I hate selling to private parties honestly. People always want something for nothing. I always price things to sell and at a fair price but that's never acceptable to most people.

They did have a good price on the Forester I want though. I wish my local Forester dealer was more customer friendly.
__________________
Up North is offline   Reply With Quote
Old 09-02-2015, 09:07 AM   #26
Member
 
Join Date: Apr 2014
Posts: 41
RVW tried to sell me the service plan but I said I did not want it. For my deal it was not a requirement to buy the service plan to get the $5K discount. Maybe most take their service
which makes up for the discount. About being too good to be true it worked for me and I had another RV Dealer in Illinois quote for the exact same unit $75K that had no extra discount but their interest rate was higher. Bottom line nobody I contacted could beat the $74K with 20 year financing with 4% interest. Just because before retiring I worked for HP negotiating contracts with suppliers overseas might have helped. You never know what you can get unless you ask even if they say no the first time.
Allagante
__________________
allagante is offline   Reply With Quote
Old 09-02-2015, 06:10 PM   #27
Member
 
Join Date: May 2014
Posts: 47
So I am to gather they give you another 5,000 off there original quote if you use there financing? (RVW). So 74 something for a Forester 2401W with some added options.
__________________
tinasdude is offline   Reply With Quote
Old 09-02-2015, 06:21 PM   #28
Member
 
sdgscott's Avatar
 
Join Date: Jun 2015
Location: Ventura County, California
Posts: 67
tinasdude,

Yes. As I understand it, they are rebating to you the commission they receive from the lender for making the loan. Other dealers that provide financing keep the commission.

On my 2861DS, I can get $4000 back if I use their financing.

You need to keep the loan for at least a year.

Scott
__________________
sdgscott is offline   Reply With Quote
Old 09-02-2015, 07:11 PM   #29
Member
 
Join Date: Sep 2015
Posts: 60
Quote:
Originally Posted by sdgscott View Post
tinasdude,

Yes. As I understand it, they are rebating to you the commission they receive from the lender for making the loan. Other dealers that provide financing keep the commission.

On my 2861DS, I can get $4000 back if I use their financing.

You need to keep the loan for at least a year.

Scott
Looks like we are looking at the same model. I got a quote for $78,799 for a pretty well loaded 2861DS take $4000 off that if I use their financing which is $10 grand under the closest dealer to me. Pretty smoking hot deal. Plus they listed the service centers local to me I can go to and said they would even call my independent rv repair buddy and set him up to do any warranty work.

I'd really like to work with someone who will take my rig on trade. RWS won't do this. I don't want to deal with the hassle of trying to sell it myself.
Around this time of year up here people want to give you about 25% of your asking price.
__________________
Up North is offline   Reply With Quote
Old 09-02-2015, 07:38 PM   #30
Member
 
Join Date: May 2014
Posts: 47
I am looking at the 2401W. added diesel gennie and some other stuff.After reading another members comment about the side cameras,I skipped those. skipped FBP. No newbie RV kit. Not having to rent a place to store it will also mount into some serious savings overtime. Buy a metal building and put it on my property somewhere. Get a toad for kayaks and extra storage. Never envisioned I would get something this size. If the 2401r had the U sofa , think I would have been there
__________________

__________________
2014 sunseeker 2500TS
tinasdude is offline   Reply With Quote
Reply

Tags
motorhome

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



» Virginia Campgrounds

Reviews provided by




ForestRiverForums.com is not in any way associated with Forest River, Inc. or its associated RV manufacturing divisions.


Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -5. The time now is 11:15 PM.