What's the Market Like out there for buying used?

propchef wrote:

Huntindog wrote:

Lantley wrote:
I don't think I would be any worse off than if your cash paid truck and RV were totaled by an uninsured driver or natural disaster.
Yes there is insurance,there are also deductibles, personal items, depreciation, loss of use etc..
Would you be made 100% whole by your insurance .. I doubt it.
Much in the same way my investments could sour.
I doubt the investments would sour to zero. I doubt the claim would pay zero.
But both scenarios could suffer a loss.

I don't think there is anything wrong with paying cash.
My point is paying cash does not guarantee the best deal,
it is not foolproof, it does not mean you will RV happily ever after
vs. a financed purchase.
As always the devil is in the details.
The End.

So, your financed stuff would get fully paid for by insurance?

I can tell you it won't. This actually happened to my brother. His financed car was totalled. The insurance paid. He still owed money on a car he no longer had.

If your brother had gap insurance he'd be fine.True, but Gap ins. did not exist back then...And that just means another expense eating away at your investment return if any.

Your obsession with risk is yours to own. Nothing in life is risk-free. Even cash. Your cash is worth less now than it was last year. If you had investments you could have avoided that.When did I say I did not have investments?

I bought a home in Florida in 2005. I lost my behind because of the housing crash. I kept making my payments then. It is paid for now, and worth many times what I paid. You only lose your behind when you sell into a down market anyway.I bought a house in CA in 2017. The increase in value will pay for my next home.
Maybe. The CA housing runup in prices is showing it's age. It will end at some point.

Walking across the street is risky. Cash is no longer king.I doubt that.

Huntindog wrote:

Lantley wrote:
I don't think I would be any worse off than if your cash paid truck and RV were totaled by an uninsured driver or natural disaster.
Yes there is insurance,there are also deductibles, personal items, depreciation, loss of use etc..
Would you be made 100% whole by your insurance .. I doubt it.
Much in the same way my investments could sour.
I doubt the investments would sour to zero. I doubt the claim would pay zero.
But both scenarios could suffer a loss.

I don't think there is anything wrong with paying cash.
My point is paying cash does not guarantee the best deal,
it is not foolproof, it does not mean you will RV happily ever after
vs. a financed purchase.
As always the devil is in the details.
The End.

So, your financed stuff would get fully paid for by insurance?

I can tell you it won't. This actually happened to my brother. His financed car was totalled. The insurance paid. He still owed money on a car he no longer had.

Lantley wrote:
I don't think I would be any worse off than if your cash paid truck and RV were totaled by an uninsured driver or natural disaster.
Yes there is insurance,there are also deductibles, personal items, depreciation, loss of use etc..
Would you be made 100% whole by your insurance .. I doubt it.
Much in the same way my investments could sour.
I doubt the investments would sour to zero. I doubt the claim would pay zero.
But both scenarios could suffer a loss.

I don't think there is anything wrong with paying cash.
My point is paying cash does not guarantee the best deal,
it is not foolproof, it does not mean you will RV happily ever after
vs. a financed purchase.
As always the devil is in the details.
The End.

Lantley wrote:
Huntingdog Wrote:"Fact is that there hasn't been such RISK FREE investments in a very long time,,, As for your rate of return.. I have done much better than that. but the other fact is it has been easy to make money in the market for the last 10-12 years, Any fool could do it."

@huntingdog

On one hand you state investing is so easy any fool could do it and make a profit.
Which is the point of many. Why pay cash when any fool can make a profit.

On the other hand you claim investing carries a risk.

We don't dispute there is a risk, but even with the risk there is a belief People believe all kinds of things that are not true.that financing can keep you in a better financial position vs. paying full cash up front for a new vehicle/RV purchase.
I guess we are fools for believing we can finance and make a profit vs. turning the cash over to the dealer.

propchef wrote:

Huntindog wrote:

nickthehunter wrote:
I still have the money, invested and paying me nicely, I can pay off the loan anytime I feel it’s a losing proposition to keep it. Your money on the other hand is now long gone and stopped paying you anything the minute you gave it to the dealer.

I still have money to invest.
What are you investing in that pays so much with zero risk? I want to get in on it.

Is your RV perfect? Risk-free? Probably not.

Yes, you still have money left, but that wasn't his point. His money works for him and he used someone else's money to buy his RV. Risk is relative.

big_jeff wrote:
My $5.00 worth, up from .02...