Depreciation
I’ve been doing a lot of research on Class C’s and been thinking about how much a unit depreciations over time. Example, If you purchased and brand new Class C in 2016 for $80K: What would it be wort...
Forum Discussion
So it's just like pre-housing bust, no down for folks with really bad credit and then they find out they can't continue to pay and want a prospective buyer to bail them out.
I suspect this is precisely why commercial RV sellers sell RVs with low down payments and long payment terms. It keeps the resale value of used RVs high because owners can't afford to sell them. This makes the price delta between a 5 year-old RV and a new RV low so people just buy new ones.
Most people have zero savings at all let alone enough to pay cash for an RV. So they finance.
