Travel trailer Trade-in - what to do?

jrp26789 wrote:

rjxj wrote:

jrp26789 wrote:

Vulcan Rider wrote:

Gdetrailer wrote:

The mere fact that you are willing to whip out a credit card to cover the $8K difference tells me you have much to learn about finances.

I missed that part.
That turns a bad idea into a REALLY REALLY BAD idea.

Does anyone actually read? The OP never said boo about a credit card. Yet several of you have gone down a path of needing to educate him on finance. Pay attention. Someone else replied whip out your credit card. He said 8000 out of pocket. Now unfortunately the OP most likely overpaid for this trailer. I never finance past 5 yrs on anything for this reason. Then you are less likely to end up upside down.

Does this count as boo?
"Sales person asked me how much available cash I could put down a new unit. I asked her if they take credit cards, told due to fees, they only would let me charge $1,000."

I stand corrected. Still doesn't mean the op is seeking financial advice. The self righteousness on this forum is nauseating. I used to use my cabelas card for everything. Free money for hunting Gear is great.

I agree that he doesn't need financial advice, especially since he can even consider throwing $8,000 on his card. It is unfortunate and hate to see him hurt more. Keep it and be sure the dang thing dont LEAK or take a serious hit now. It wont matter if he holds it for the term of the loan which is probably 10 years. After it's paid off it will probably be worth $6,000 to $10,000 ???? But the max pain is to bail early.
I do know what pain is like as I bailed on a lease to go to a year newer truck. OUCH. :)