No shortage of RVs

Maybe not, if the bank won't finance it with a secured loan on the rig (to old etc.) They may be getting an unsecured personal loan. Goggle (Bank rate) says rates could be as high 36%. Not in my wildest dreams could I imagine doing that

restlessways wrote:
A 4.99% interest rate on an RV right now would probably be the prime rate for a buyer with the highest credit score, I would imagine. I had a brief conversation last year with a financing gal at one of the largest RV dealers on the west coast. I wasn't looking for credit, but I decided to chat her up to see what kind of financing was going on, and what she told me was truly stunning. She said that people were borrowing at rates of up to 19%. Put that in your pipe and smoke it.

It may be possible they found a sucker with really bad credit and sent them to the local loan shark but 19% would be wildly out of the norm even with poor credit unless you go back to the days of Jimmy Carter.

jetboater454 wrote:
Dealer near me has a lot of campers and advertise a 4.99 % interest rate. Not worth looking at that interest rate,plus they pretty firm on their prices.

A 4.99% interest rate on an RV right now would probably be the prime rate for a buyer with the highest credit score, I would imagine. I had a brief conversation last year with a financing gal at one of the largest RV dealers on the west coast. I wasn't looking for credit, but I decided to chat her up to see what kind of financing was going on, and what she told me was truly stunning. She said that people were borrowing at rates of up to 19%. Put that in your pipe and smoke it.

Dealer near me has a lot of campers and advertise a 4.99 % interest rate. Not worth looking at that interest rate,plus they pretty firm on their prices.

valhalla360 wrote:

wapiticountry wrote:
It’s spring. That is the time of the year almost all dealerships want to load up on inventory.

I think the point is...they have been able to load up on inventory rather than units being sold and out the door as soon as they arrive.

I suspect a lot of the "backlog" the manufacturers are hyping is filling inventory as opposed to actual sales.

Classic technique to help prop up prices. If people think there is still a shortage, they are less likely to drive a hard bargain but it's not sustainable if the lots are all full. Very quickly, dealers feel the cost of keeping inventory that's not selling.

With rapidly increasing inflation and the resultant price rises for materials, labor, fuel, and financing, there may be a new "backlog" on the horizon. Unsold units backing up at all levels of the "chain".

Unless one is awash in cash how many will plan on purchasing a new MH or TT only to end up with a high interest rate on the purchase contract, ridiculously high prices for fuel to drive/tow, and then increased costs for that space at your destination?

wapiticountry wrote:
It’s spring. That is the time of the year almost all dealerships want to load up on inventory.

I think the point is...they have been able to load up on inventory rather than units being sold and out the door as soon as they arrive.

I suspect a lot of the "backlog" the manufacturers are hyping is filling inventory as opposed to actual sales.

Classic technique to help prop up prices. If people think there is still a shortage, they are less likely to drive a hard bargain but it's not sustainable if the lots are all full. Very quickly, dealers feel the cost of keeping inventory that's not selling.

It’s spring. That is the time of the year almost all dealerships want to load up on inventory. This holds true for not only RVs but boats, motorcycles, cars and trucks, ATVs, fishing gear, camping gear, pretty much every outdoor recreation item sans snowmobiles. The test comes in August and September . Are the lots full of soon to be past model year rigs or are they nearly empty like they were last year?

That stretch of I-95 north of Richmond of which you speak has been full the whole time. Never a shortage there. I have mentioned that on here before.

We recently checked out some driveables while camping with signs on them about the chip shortage so a lot of them were missing things like heated steering wheels, navigation, automatic sliding doors etc.. They said the price reflected that

Except when it comes to truck campers. For some reason the lots are empty.