Buying a new travel trailer-first time buyer
We are looking to buy our first bunkhouse travel trailer. I contacted the local dealership and they said the sticker price is $16,425. I don’t even know how to negotiate a travel trailer. I know this ...
Forum Discussion
Mike134 wrote:A1ARealtorRick wrote:LadyRVer wrote:
Add on's.... dealer prep fees, tag/title fees, sales tax, GAP insurance if you finance and choose it... someone already mentioned an Extended Warranty ... (think twice or 3 times!)
And, if you finance, certain lenders require GAP insurance.
If you need GAP insurance that tells you the camper is worth less than the loan amount.
Not necessarily. Small down payments will sometimes trigger the GAP insurance requirement. It covers the lender for the duration of the loan. In the event of a total loss, it reimburses the lender for the difference between the actual cash value of the unit and the balance owed on the loan. In the event of a total loss, it has nothing to do with the actual loan value at time of purchase.
