follow the bouncing ball
Hello. We owe $18,930.00 or so on a 2016 trailer. It has bunks but we now want a rear kitchen model. The rig we like is a 2017 selling for !8k or so. For kicks and giggles we went to dealer to look at...
Forum Discussion
dodge guy wrote:
Once they heard trade they gave you the MSRP on the new trailer and started from there. What they were doing was padding there bottom line to make money on the new unit and the trade in and to make you feel good about getting a good trade in price.
It's more about the upside down situation, although they have multitudes of ways to tack on more profit here and there, and all of them do or attempt to do it.
The current amount owed needs paid off and the dealer is not going to fork it out of his pocket. The difference between trade allowance and amount owed was simply tacked on to the "real" price of the new unit, and as long as it's below the MSRP as reported in the dealer version of NADA, a bank will finance it. We don't know how upside down the OP is but they took at least a 25% hit the day they signed for the 2016, and thats if they paid a reasonable price to begin with. That's the only way a dealer could do the deal unless the buyer was laying a lot of cash down or they wanted to write it up for a loss.
Being upside down is not fun, especially on an RV with its near exponential depreciation.
