RV Wholesaler Financing discount

[Gottaluvlife]

Seems RVW does offer a discount if you agree to finance loan through them. However, you have to agree to at least keep financing for one year.

Question: HOW in the world would RV Wholesaler ever know if you paid your loan off sooner than the 1 year agreement?

Aren't you paying the bank directly that approved your loan? Or are you sending payments to RVW?

Hope someone can explain!! Thx!!

[nomad297]

Originally Posted by Gottaluvlife

Seems RVW does offer a discount if you agree to finance loan through them. However, you have to agree to at least keep financing for one year.

Question: HOW in the world would RV Wholesaler ever know if you paid your loan off sooner than the 1 year agreement?

Aren't you paying the bank directly that approved your loan? Or are you sending payments to RVW?

Hope someone can explain!! Thx!!

The bank lets them know.

Bruce

[pgandw]

The bank pays RVW a commission for using their financing, counting on you to repay sufficient interest to cover the commission and the bank's profit. If you pay the loan off before the year is up, the bank will go to RVW to collect some of their commission back.

RVW will happily explain this, and is pretty decent about giving you the full amount of the commission off the sales price.

When buying cars, I negotiate a fair price, and if the dealer can come up with better financing than I can, I let him keep his commission on the financing. RVW is taking that commission off the sales price up front.

Fred W
2019 Flagstaff T21TBHW A-frame (bought from Robert's in Denver, you have to bring your own financing with Robert's)