Depreciation
I’ve been doing a lot of research on Class C’s and been thinking about how much a unit depreciations over time. Example, If you purchased and brand new Class C in 2016 for $80K: What would it be wort...
Forum Discussion
We looked at a couple of rigs last September at the Pomona fiasco and the rigs we almost bought was about $80K at the show. We could get a few extras thrown in just to buy now. Decided at 77YO, it was to big a debt. Looked for one and two year old models on line, they were at or above the everyday published prices from dealers including CW for a new rig. I showed one seller an ad for a 2018 model and his ad for a 2016 model, I suggested maybe $10 or $15K less than he was asking. He just shrugged and said, "I owe way more than that".
How come with a very high credit score a down of 15 to 20 percent is suggested and yet folks still owe more than the used vehicle sales prices after two years. I am thinking I should make at least 25 to 50 percent down not 3 percent like guys have said they were allowed to put down.
So it's just like pre-housing bust, no down for folks with really bad credit and then they find out they can't continue to pay and want a prospective buyer to bail them out.
How come with a very high credit score a down of 15 to 20 percent is suggested and yet folks still owe more than the used vehicle sales prices after two years. I am thinking I should make at least 25 to 50 percent down not 3 percent like guys have said they were allowed to put down.
So it's just like pre-housing bust, no down for folks with really bad credit and then they find out they can't continue to pay and want a prospective buyer to bail them out.
