Forum Discussion
toedtoes
Jul 16, 2017Explorer III
jungleexplorer wrote:
Getting a lot of calls today. Not one of them has the money to buy the trailer. Everyone of them said they had to get a loan. I guess it is the American Way to spend money you do not have. Crazy. Every American should be force to attend Dave Ramsey's Financial Peace University. Not me though, because I have never spent money I don't have. I have always saved up to buy anything I want.
Someone will eventually come along that actually knows how to budget. Or maybe not. LOL!
Because at your price point, you are hitting a wall. Under $5000, you're likely to get cash buyers. At $6000, you have bypassed the "cash only" folks and are now in the realm of financing.
Why? Because once you've saved $5000 cash, you can use that as a good down payment towards a new or almost new (2-5 year old) trailer. Or you can spend $4000 or less on an older used trailer and keep $1000 or more to make fixes, mods, etc. It doesn't make monetary sense to spend $6000 cash on a used trailer when those other options will get your more for your buck.
You've priced yourself right into that in-between spot. People with cash are passing you by on both sides, and you're left with people who have to finance $6000.
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