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
I thought I was nuts for paying $14k out the door for my 2002 TT... Put $8k down and paid $111/month for 5 years (I ended up paying it off early).. I was still making payments on my 97 F150 of $275/month at the time too.. (paid it off early too).
Then I owned both of them for the last 7+ years.. :)
Still have the 2002 TT and just bought a new 2013 F150.. Now I'm paying $400/month for it for the next 6 years.... :(
But, it's a hell of a nice truck compared to the 97.. :)
If you can afford to take a loan out for a $70k rig, I guess you can do that...
Eat the loss on the $19k RV you have now and move up..
As has been said, the dealer is not ripping you off... He's only offering you what he can sell it for and still make a profit... He's offering you the price for the 5th wheel that will also still make him a profit.. What's wrong with that? If you must have that $70k 5th wheel, it's not the dealers fault you don't like your $19k rig anymore??
Do what you need or want to do and deal with it or sell it all and do something else.. ;)
Good luck!
Mitch
Then I owned both of them for the last 7+ years.. :)
Still have the 2002 TT and just bought a new 2013 F150.. Now I'm paying $400/month for it for the next 6 years.... :(
But, it's a hell of a nice truck compared to the 97.. :)
If you can afford to take a loan out for a $70k rig, I guess you can do that...
Eat the loss on the $19k RV you have now and move up..
As has been said, the dealer is not ripping you off... He's only offering you what he can sell it for and still make a profit... He's offering you the price for the 5th wheel that will also still make him a profit.. What's wrong with that? If you must have that $70k 5th wheel, it's not the dealers fault you don't like your $19k rig anymore??
Do what you need or want to do and deal with it or sell it all and do something else.. ;)
Good luck!
Mitch
