need to understand how finance calculation work
We want to buy a fifth wheel, and we need to trade a travel trailer that has no equity. Is there a step i can follow so i dont get taken advantage of or tricked into a bad deal?
Forum Discussion
DougConnie4ever wrote:
I owe 19761, and the sale price of the coach 73900. They are paying 13375 for the TT. what is the best way to handle this?
Put the pen back on the table, stand up, put your hands in your pocket, say thank you for your time, and walk out the door.
Keep what you have, pay for it and then consider buying something else.
If you make this deal you are digging yourself into a deeper hole than you are currently in. Keep on digging and the hole only gets deeper. You are currently in a $7,000 hole, if you sign those papers you will be in a $17,000 to $27,000 hole immediately.
