Fed Cuts Rates: Will RV Rates Follow?

Yosemite Sam1 wrote:

DallasSteve wrote:

John&Joey wrote:

DallasSteve wrote:
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 signed anything yet. Will they adjust my rate any or will other lenders drop their rates? (I am almost always a day late on things like this - or in the case of the senior pass, a year late)

The real question will be are you secure in your income stream. If the economy has been overly stimulated where a 1/2 point out of nowhere cut was needed to stem off a crisis, then that’s only going to be a bandaid fix. It wasn’t that long ago that the RV auction sites were full of repo’s.

I'm putting down over half of the purchase price. I could pay cash, but I have personal reasons that I want a lien on the motorhome at this time. But I'm not going to explain those reasons here.

Just take a loan for as much as you can and use your cash to buy Tesla stocks -- or Apple.