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
RustyJC wrote:
Yep, unless you can find a sucker to take it off your hands for what you owe, there's no silver bullet for your situation. You're not alone, though - I enjoy scanning the RV ads every now and then, and there are a LOT of RVers who are apparently trying to sell for what they owe, not what their RV is worth in the market.
For what it's worth, since the early 1990s our modus operandi has been if we can't write a check for it, we don't buy it. Life for us is a lot less stressful living debt free. It's certainly something to consider working toward, IMHO.
Rusty
Just because you can save $100,000 to buy a RV with Cas does not mean everyone can, some it would take a lifetime, so with your thinking, it might take 50 years to save for it, but now they can get a RV. There is nothing wrong with payments as long as you are living within your income situation.
