Shearing the sheep
I really feel sorry for those new RVers who have recently purchased or who plan to purchase an RV. The prices are far in excess of value. We are not in the market for ourselves but was thinking of ...
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AND, remember too, interest eats most of the payment at the beginning, and depreciation eats the re-sale value pretty quickly on new vehicles.
Down payment plus first year of mostly interest, then you have the auction value breaking about even on the repossession after what you paid out. The dealer gets paid, the finance company gets paid, and the buyer hold an empty hand when all is said and done. Not a good time to buy new, or even an over-priced used.
Occasionally take a quick peek at Truck Campers now, and see the monster prices. Amazing, fifty grand for ten x eight feet of camper. YIKES!
Down payment plus first year of mostly interest, then you have the auction value breaking about even on the repossession after what you paid out. The dealer gets paid, the finance company gets paid, and the buyer hold an empty hand when all is said and done. Not a good time to buy new, or even an over-priced used.
Occasionally take a quick peek at Truck Campers now, and see the monster prices. Amazing, fifty grand for ten x eight feet of camper. YIKES!
