Fed Cuts Rates: Will RV Rates Follow?
The Fed cut rates 1/2 percent this morning in an effort to keep the stock market bubble growing. I'm negotiating a new RV loan to close in 10 days and the dealer quoted me 5.49% last week. I haven't...
Forum Discussion
mich800 wrote:
Butt...the market is not a zero sum game.
Lets say you purchased Tesla at $300. It goes up to $900. But the market is crashing and you sell to me on the way down to $700. Did you lose value? Did I gain at your expense? Or did we both win when Tesla closes at $750 the same day.
Mich
I'm happy to see that my thread was popular, but I think it's run it's course and gone off the rails.
As to the original question, I checked my bank and they don't do RV loans. I applied to State Farm Bank, which advertises a good RV rate, but they haven't replied yet. I tried Good Sam, another good rate, and they said I need to give them a family member's address because I don't have a fixed residence just a mail service. To me that seems like they are not being very helpful to the RV industry.
The financing the dealer is offering me is about market rate, and if I beat it by one percent (doubtful) I would save about $20 per month. That's no big deal especially compared to the depreciation on the rig.
I'm outta here.
