Trade-ins... when did things change?
So I am in the market for a new MH and I have a 10 year old MH that I thought might be of some interest to dealers selling new MHs. Not so. When did this change? Did I miss something? Here are s...
Forum Discussion
pacificnw wrote:
... Another said no one is lending money for a 10 year old MH. Are they stupid or simply lying??
This was the case when I bought my first Class A in 2008. If you're just using the MH as collateral then a bank will not loan money. If on the other hand you're using your good credit score, or home equity then there is no problem. Of course cash is always king :)
Now you know why some RV owners always have those nice new rigs. They trade them in every 5 years because they still have value and their payments won't go up that much.
