Timing the Purchase for a last-year's model
The DW and I are planning our fulltime escape, and purchase of our first coach, a new class A DP after selling our house, when we have the equity in-hand to help pay for it. I just got back from the ...
Forum Discussion
We just bought a 2014 Bounder when the 2015s were hitting the lots. We got a great deal on it, more than 35% off ($45K+), as Fleetwood was offering close outs.
Something you might want to be aware of if you are looking for financing: banks are not too fond of lending money to 'houseless' people, especially large sums of money. We had our new Florida address, and had sold our home but not gone to closing. They (the dealer) insisted we use our 'home' address to secure both the loan and the better interest rate, even though it was sold and we were closing in less than 10 days. If one looks around at RV financing, one can often find different (higher) rates for full timers. We were quoted 6.25% as fulltimers for the same loan we got for 4.25% as 'home owners.'
To get the best price that we were happy with, we send out pricing inquiries to about a dozen dealers asking for their final price. We were willing to drive over 1000 miles to get the vehicle, which helps. There was over a $20,000 difference between the lowest price and the highest price for an rv with the exact same equipment. We chose the dealer with the best reputation which was the second lowest price. The lowest price dealer is notorious for not pre-inspecting the vehicle and having a lousy service department.
Best of luck to you! Having just gone through the same, I know how frustrating it can be. But, in the end, it will be worth it!
Something you might want to be aware of if you are looking for financing: banks are not too fond of lending money to 'houseless' people, especially large sums of money. We had our new Florida address, and had sold our home but not gone to closing. They (the dealer) insisted we use our 'home' address to secure both the loan and the better interest rate, even though it was sold and we were closing in less than 10 days. If one looks around at RV financing, one can often find different (higher) rates for full timers. We were quoted 6.25% as fulltimers for the same loan we got for 4.25% as 'home owners.'
To get the best price that we were happy with, we send out pricing inquiries to about a dozen dealers asking for their final price. We were willing to drive over 1000 miles to get the vehicle, which helps. There was over a $20,000 difference between the lowest price and the highest price for an rv with the exact same equipment. We chose the dealer with the best reputation which was the second lowest price. The lowest price dealer is notorious for not pre-inspecting the vehicle and having a lousy service department.
Best of luck to you! Having just gone through the same, I know how frustrating it can be. But, in the end, it will be worth it!
