Selling a rig your upside down on
Like many people, we are over our heads. We have a really good 2012 Keystone Cougar Xlite 29RES, that we owe $30,000 on. However, it retails for closer to $25,000. Trade value is considerably less. S...
Forum Discussion
bob_nestor wrote:
It's a shame lenders, sellers, dealers, etc don't provide the customer with a chart showing depreciated value for each year of the loan along with loan balance remaining. That might make it easier for buyers to understand when they'll be underwater and for how long, but I'm sure they'll make their money on the deal .
Most will if you ask, and many do without asking. If not, its simple to do on a computer, and many of us learned to do it in high school math class. For those who can't, there are a lot of places on the internet that will calculate it for someone, and just about any finance officer at any bank can do it in their head. Its been a while, but I think there is a function in MS EXCEL that will do it in an instant.
