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
- If you are relying on the dealer you're doomed. You will need to know what your TT is worth, and how much the new trailer is valued at to even get started. Start by reviewing common pricing for the unit you want to buy, reduce it by 30%. Look at the NADA value of your TT and use the wholesale value. If you owe money on the TT it complicates the deal particularly if you owe more than the wholesale value. When you have that information let us know what it is.
