Keystone Springdale Quality?
I've been searching a long time for a BunkHouse 5th wheel. I'd prefer a front bunk model but it's really coming down more to price. I recently came across a Keystone Springdale 286FWBH. I know it'...
Forum Discussion
I vote for 3. Original owner was a compulsive buyer and didn't really think through his finances.
If the original owner has a loan, he's going to ask a price that will get him out of the loan. I suggest doing some internet searches for the same camper and see what dealerships are selling for brand new and 2 years old.
If he has a loan, he's definitely upside down. Meaning, the resale value of the camper is much less than the amount he actually owes the bank. Yet, he has a for sale price that will pay off his loan. If you try to finance that amount, the bank will decline you because the loan you will ask for is too high and the value of the camper is too low (this happened to us once). And ... you should not be expected to bail him out! Do some research and make sure the selling price really is a good deal. If you are paying cash, there is no harm in getting with your bank finance officer and see if they would potentially finance that camper for the buyer's asking price. If they come back and say "no".... you know for sure the selling price is too high. You don't have to accept the loan if you are paying cash, but this is a good way to verify if the seller really is selling at a good price.
If the original owner has a loan, he's going to ask a price that will get him out of the loan. I suggest doing some internet searches for the same camper and see what dealerships are selling for brand new and 2 years old.
If he has a loan, he's definitely upside down. Meaning, the resale value of the camper is much less than the amount he actually owes the bank. Yet, he has a for sale price that will pay off his loan. If you try to finance that amount, the bank will decline you because the loan you will ask for is too high and the value of the camper is too low (this happened to us once). And ... you should not be expected to bail him out! Do some research and make sure the selling price really is a good deal. If you are paying cash, there is no harm in getting with your bank finance officer and see if they would potentially finance that camper for the buyer's asking price. If they come back and say "no".... you know for sure the selling price is too high. You don't have to accept the loan if you are paying cash, but this is a good way to verify if the seller really is selling at a good price.
