I bought my 1st RV today excited but nervous
Hi I bought my 1st RV today after years of dreaming about it I actually did it. But now I'm second guessing the decision on the RV I purchased. I bought from a dealer a Class A 2010 Winnebago Vista 26...
Forum Discussion
In my region that unit NADAs at $43K, MSRP new was $90K. The original owner most likely drove off the lot at ~$82K. It lost 50% value in 8 years.
63K miles w/900 hrs on the genny says it was being used for it's intended purpose. This would not concern me if everything is in functioning order. That's better than it sitting under a tree for the last 6 yrs.
The next part of your post is more of a Suze Orman question, can I afford it? Should I buy it? Nobody here can answer that question. This all depends on your assets, current and future income vs. outflow as well as stage of life and joy of ownership. It may be the start of the best years of your life. Are you willing to walk away from that?
You asked should you pay off the balance in cash or take on a loan. There is nothing wrong with responsible debt if your income stream can absorb it. If it can't, you will be burning off assets at a determined rate. Where does that put you? Have you factored in the operating cost of your new toy? It drinks gas, most campgrounds are not free, you will eventually need tires and other maintenance items.
Your last part is about getting your deposit returned. That is between you and your dealer.
Best wishes with whatever you do
63K miles w/900 hrs on the genny says it was being used for it's intended purpose. This would not concern me if everything is in functioning order. That's better than it sitting under a tree for the last 6 yrs.
The next part of your post is more of a Suze Orman question, can I afford it? Should I buy it? Nobody here can answer that question. This all depends on your assets, current and future income vs. outflow as well as stage of life and joy of ownership. It may be the start of the best years of your life. Are you willing to walk away from that?
You asked should you pay off the balance in cash or take on a loan. There is nothing wrong with responsible debt if your income stream can absorb it. If it can't, you will be burning off assets at a determined rate. Where does that put you? Have you factored in the operating cost of your new toy? It drinks gas, most campgrounds are not free, you will eventually need tires and other maintenance items.
Your last part is about getting your deposit returned. That is between you and your dealer.
Best wishes with whatever you do
