"Don't Buy New"
I notice a lot of you say not to buy a brand new rv unit. I'm "assuming" this is because it takes a while to shake all the right-out-of-the-factory bugs out of it and locate all the problems associat...
Forum Discussion
Vulcan Rider wrote:Terryallan wrote:
New is cheaper.
Is that new math ?? (Sorry)
Each situation is different but a LOT of people have no concept of what really is cheaper over the long haul and get sucked into the fallacy that a lower monthly payment is automatically "cheaper".......which it usually isn't.
You provided a good example story that could apply to a lot of buyers.
The other side of that coin is:
If you can buy a really good used RV for $40K cash (or near cash), that will be MUCH cheaper over the long term than buying the same unit new for $100K financed.
While I don't get upset with the "I always pay cash for everything" crowd, stating that in a discussion like this doesn't really accomplish anything useful. I'm pretty sure that EVERYBODY wishes they could do that.
In my case. I bought the last TT new. Financed it for 12 years. Yep a long time. I did that to give me a cushion. In case something happened. The payment was so low that I could make it on unemployment if I needed to. However. I didn't and paid the loan off in 6 years. So while I had a low payment, and plenty of time. there is nothing that says I couldn't make double payments, or even a few huge payments against the principal, which we did.
A used TT would not allow me that option, as the payment on a like TT would have been more than 3 times as much. Not a lot of price difference between a new TT, and a one year old TT.
