Forum Discussion
Bumpyroad
Jul 19, 2013Explorer
rockportrocket wrote:
I believe that the 36,000 for it is on the high side. That would bring about 26,000 in Texas. However, one buys what one wants and most times, if they can afford it, price doesn't play that much of an deal. But I sure would not pay 14.5% interest on that amount.
Banks and loaners, base the rates on risk/reward and it sure sounds like they have little faith in your ability to repay the loan. Versus what the thing would bring IF you failed to honor the note. So they charge more, to cover the down side on the repo.
my 1999 Chieftain with less miles, double slide, top of the line gas for winnie at the time, had a fiberglass roof, (not rubber like a bounder), 12 cu ft refer, sat dish, cherry cabinetry etc. was put on the market by my dealer in MD for $35,000 and I am sure it could have been purchased for less on a Ford chassis not a chevy P-30 remake was twice the unit as the one he is looking at.
bumpy
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