Reply
 
Thread Tools Display Modes
Old 03-03-2018, 07:43 PM   #21
Senior Member
 
BandJCarm's Avatar
 
Join Date: Jun 2013
Location: Between Pickles Gap and Toad Suck, AR
Posts: 4,813
Quote:
Originally Posted by TitanMike View Post
This only makes sense if the interest rate on your purchase contract is ZERO.

Otherwise you may be using someone else's money but you're paying for the privilege. If the money you could be using to pay off the contract is invested in a high yield (more than the interest rate on the loan) investment that's a whole different animal.

Another of my favorites is "I'm buying Xxxxxx because I need the deduction".

Let's see, it's a good deal to spend $50,000 (just to grab a number) and save maybe 20% of that on my tax bill? Sounds like a good deal to someone I'm sure. If you are a business and are using a Section 179 deduction, then it's a whole different game.
Yeah, I get all that.

It was somewhat tongue in cheek..........

I financed because I don't have the cash. Isn't that the usual reason? LOL

If I wait till I have the cash, at my current rate of saving, I could have bought this unit when I become 128 years old. However, I can make the payments and still eat ok.

SO.................
tastes great
less filling
__________________

__________________
"Next to prayer, fishing is the most personal relationship of man" Herbert Hoover
"American by Birth, Southern by the Grace of God"Lewis Grizzard

FROG AR-0019-242
2016 GMC Denali 3500Dually--2017 CC 36CKTS
BandJCarm is online now   Reply With Quote
Old 03-06-2018, 07:52 PM   #22
Senior Member
 
Captain America's Avatar
 
Join Date: Mar 2016
Location: TEXAS
Posts: 215
When I called Alliant Credit they told me they need the dealer invoice. They said that's the hiccup because some dealers don't want to give it up.

To qualify for their loan you have to put down 10% of dealer's cost. If you put down 10% of the sale price, you got it covered.
__________________

__________________
2018 Refection 311BHS
2011 Wildcat 32QBT (SOLD)
2006 GMC 2500, Airsafe 20K hitch, Air Lift Loadlifter 5000 air bags with Air Lift WirelessONE compressor, EFI Live

Jack of all trades, Master on none
Captain America is offline   Reply With Quote
Old 03-28-2018, 05:44 PM   #23
Senior Member
 
Join Date: Jan 2018
Location: Summit Township
Posts: 141
Quote:
Originally Posted by Captain America View Post
When I called Alliant Credit they told me they need the dealer invoice. They said that's the hiccup because some dealers don't want to give it up.

To qualify for their loan you have to put down 10% of dealer's cost. If you put down 10% of the sale price, you got it covered.
You do not need to put down 10% of dealer cost. The amount you borrow effects your interest. If you borrow 90% of dealer invoice then you get the best rate. As the amount borrowed to dealer invoice goes up the rate goes up. We just completed our loan with Alliant. We borrowed about 110% of dealer invoice. Not totally sure what dealer invoice was because our dealer faxed it directly to Alliant. Alliant told me our rate would be 4.49%, not the 3.99 because we were in the 110% of dealer invoice range. They were GREAT to deal with. I would STRONGLY recommend them!!
__________________
2019 Hemisphere 272RL
2007 Silverado 2500HD 6L
Cabinfever97 is offline   Reply With Quote
Old 03-30-2018, 09:45 PM   #24
Junior Member
 
Join Date: Oct 2017
Posts: 12
I financed mine last June at 1.9% with no money down for 10 yrs. I am a firm believer on not using my money for a down payment.
yesitsme11 is offline   Reply With Quote
Old 04-11-2018, 11:50 AM   #25
Junior Member
 
Join Date: Apr 2018
Location: Oregon
Posts: 22
Quote:
Originally Posted by yesitsme11 View Post
I financed mine last June at 1.9% with no money down for 10 yrs. I am a firm believer on not using my money for a down payment.
With who?
Tatsngats is offline   Reply With Quote
Old 04-11-2018, 12:01 PM   #26
Senior Member
 
cavie's Avatar
 
Join Date: Apr 2016
Location: Port Charlotte Fl
Posts: 2,577
I've always found local credit unions to be the best way to go.
__________________
2002 27rk Wildcat 5er.
Port Charlotte Fl/Hinsdale Ma
Retired Master Electrician.
cavie is offline   Reply With Quote
Old 04-20-2018, 12:12 AM   #27
Senior Member
 
RangeMaggotBob's Avatar
 
Join Date: Jul 2015
Location: Somewhere in the Ozarks...
Posts: 659
Quote:
Originally Posted by yesitsme11 View Post
I financed mine last June at 1.9% with no money down for 10 yrs. I am a firm believer on not using my money for a down payment.
WELLLLL- you gonna tell us with who? At those rates, I may just refinance.
__________________
2015 Forest River Rockwood Signature Series Ultra Lite 8289WS w/Diamond pkg.
2014 RAM CTD 6.7 Tradesman 4WD Auto Crew Cab Long Bed
Honda eu2000i generators
RangeMaggotBob is offline   Reply With Quote
Old 04-20-2018, 01:52 AM   #28
Member
 
Join Date: Mar 2018
Posts: 38
1.9?!?? Prove it!
Bikemobile is offline   Reply With Quote
Old 04-20-2018, 03:21 AM   #29
Junior Member
 
frlancr's Avatar
 
Join Date: Feb 2018
Posts: 16
Perhaps his mom...
__________________
SURVEYOR 251RKS
CHEV 2500HD SS496 ALLISON
frlancr is offline   Reply With Quote
Old 04-20-2018, 11:48 AM   #30
Senior Member
 
Join Date: Jan 2017
Location: Kalamazoo
Posts: 949
I believe its officially "first national bank of mom"
__________________

Kimber45 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.




Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -5. The time now is 12:39 PM.