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
Sprink-Fitter wrote:
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.
I'm not going to debate with you how you choose to live your life - that's none of my business. I'm just going to say that the reason we have the cash to buy what we need and some of what we want is that we took the money we would have been paying out in payments and interest and saved/invested that money. Then, when we made a purchase, the cash was there to fund it. The reason we can buy a $100K RV (your number) with cash is that we settled for the $2500 refurbished 1978 Jayco Cardinal pop-up (our first RV purchased in 1992 after 23 years of tenting.) That's all we could afford without taking out a loan.
I realize that it's a lifestyle change - I just shared our perspective and perhaps a bit of wisdom gained through life experiences of 67 years on this earth. If you don't agree or don't want to hear it, please feel free to ignore it.
All the best to you and yours,
Rusty
