Forum Discussion
Golden_HVAC
Sep 23, 2014Explorer
I was at the FMCA RV show in Pomona CA in early 2004. Two dealerships came up to me while I was looking at a Fleetwood Expedition motorhome. The 'sticker price' was around $162,000. One dealership said they could get it for me at $112,000. Another said they can beat that price by $8,000. But I really did not know what they would have given me for my Bounder as a trade, so I declined both, and having just paid off the Bounder (by refinancing it into my much lower home mortgage loan at just 4%) I did not want a $1000 a month payment on a newer motorhome.
Anyway a couple of years later I see a 2004 Expedition on sale at a dealership for $134,000! I guess that the original owner did not hear about the $112,000 sale price at the FMCA show! They might have still owed over $130,000 on the RV if they paid even a discounted $150,000 and put $20,000 down. Tax, reregistration and other fees come out of the $20,000 down payment, and the loan can be as high as the asking price again! The first couple of years on a 15 year loan, you are barely paying more than interest payments, not to much each month goes towards paying down the loan!
Happy hunting!
I wonder why they have the RV show at the end of camping season? I would want to buy in the spring, not the fall. . ..
Fred.
Anyway a couple of years later I see a 2004 Expedition on sale at a dealership for $134,000! I guess that the original owner did not hear about the $112,000 sale price at the FMCA show! They might have still owed over $130,000 on the RV if they paid even a discounted $150,000 and put $20,000 down. Tax, reregistration and other fees come out of the $20,000 down payment, and the loan can be as high as the asking price again! The first couple of years on a 15 year loan, you are barely paying more than interest payments, not to much each month goes towards paying down the loan!
Happy hunting!
I wonder why they have the RV show at the end of camping season? I would want to buy in the spring, not the fall. . ..
Fred.
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