Journey with Confidence RV GPS App RV Trip Planner RV LIFE Campground Reviews RV Maintenance Take a Speed Test Free 7 Day Trial ×


Reply
 
Thread Tools Display Modes
Old 01-23-2016, 09:14 AM   #81
Senior Member
 
actadh's Avatar
 
Join Date: Jul 2015
Location: West Virginia
Posts: 240
I financed. Payment is low and I was able to get a nicer new one than a used. I generally do more than the minimum, which worked out well when we traded.
__________________

-Laura 2016 Shasta Oasis 18BH & 2015 Ram 1500 Hemi
actadh is offline   Reply With Quote
Old 01-23-2016, 11:58 AM   #82
Senior Member
 
Join Date: Nov 2015
Posts: 4,223
Quote:
Originally Posted by wicked1 View Post
That's because they somehow get kickbacks when they push ppl to finance. I don't know exactly how it works but as long as they are not a publicly traded bank they work with dealers for specials rates and kickbacks.


2014 F150 FX4 Crew 4X4 EB
2015 Roo 23IKSS

Sent from my iPhone using Forest River Forums
I love messing with dealers on this finance stuff. The last two vehicles I bought I moaned and whined about how I couldn't handle a $500 or so monthly payment. They always wind up negotiating the deal to get the payment down to less that that. As long as they drop the price but do not increase the term you save money.

I make sure the finance contract specifically says no pre-payment penalty (dealers hate it when I spend 10-15 minutes reading every word in the contract). Then, I make one payment for the agreed amount and then a second payment the next month for the entire amount.

I keep remembering that whenever talking to a dealer most of us are at a disadvantage. Remember: the dealer is a professional negotiator and you're not. They have the upper hand.
__________________
BIRDS AREN’T REAL
emm-dee is offline   Reply With Quote
Old 01-23-2016, 06:30 PM   #83
Senior Member
 
Forester Fred's Avatar
 
Join Date: Jun 2015
Location: Live Free or Die
Posts: 415
We got a loan from ourselves. We paid cash as we didn't want to be tied to a monthly payment. But - we are paying ourselves back what the monthly payment would have been to our savings account. In the long run we'll have our money back but if due to unforeseen circumstances we need to miss a payment or two to ourselves we don't have to worry about the repo man or negatively effecting our credit rating. My wife is an outstanding money manager and hasn't missed a payment yet. I know the bean counters will tell you to finance it and take the tax deduction but it wasn't worth the overall hassle to us never mind paying the finance charges and interest to someone else.
__________________

2015 Forester 2301 - Chevy
Skip & Deb
Forester Fred is offline   Reply With Quote
Old 01-23-2016, 06:59 PM   #84
Oklahoma Proud
 
MillerTime's Avatar
 
Join Date: Jul 2012
Location: central OK
Posts: 2,784
Quote:
Originally Posted by Forester Fred View Post
We got a loan from ourselves. We paid cash as we didn't want to be tied to a monthly payment. But - we are paying ourselves back what the monthly payment would have been to our savings account. In the long run we'll have our money back but if due to unforeseen circumstances we need to miss a payment or two to ourselves we don't have to worry about the repo man or negatively effecting our credit rating. My wife is an outstanding money manager and hasn't missed a payment yet. I know the bean counters will tell you to finance it and take the tax deduction but it wasn't worth the overall hassle to us never mind paying the finance charges and interest to someone else.
Thats awsome!
That's what I'm working towards!!
MillerTime is offline   Reply With Quote
Old 01-23-2016, 07:15 PM   #85
Senior Member
 
PhoneDude 8289's Avatar
 
Join Date: Sep 2013
Location: Texas
Posts: 1,183
Quote:
Originally Posted by Forester Fred View Post
We got a loan from ourselves. We paid cash as we didn't want to be tied to a monthly payment. But - we are paying ourselves back what the monthly payment would have been to our savings account. In the long run we'll have our money back but if due to unforeseen circumstances we need to miss a payment or two to ourselves we don't have to worry about the repo man or negatively effecting our credit rating. My wife is an outstanding money manager and hasn't missed a payment yet. I know the bean counters will tell you to finance it and take the tax deduction but it wasn't worth the overall hassle to us never mind paying the finance charges and interest to someone else.
X2, did the same with my DW's Lexus awhile back.
__________________
Joe & Beverly
2014 Ram 2500 CTD, CC, SB
2014 8289WS lifted
PhoneDude 8289 is offline   Reply With Quote
Reply

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


» Featured Campgrounds

Reviews provided by

Disclaimer:

This website is not affiliated with or endorsed by Forest River, Inc. or any of its affiliates. This is an independent, unofficial site.



All times are GMT -5. The time now is 05:35 PM.