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
maillemaker wrote:That is no where close to "the deal" . Should you get repossessed, they lender will sue you for any deficiency and even if they write that off, they will send you a 1099 for the amount written off so the IRS can get their pound of flesh. You agreed to pay the money back, end of story.Not paying debts because you do not have the money is one thing, not paying them because you don't want to part with the money is far different.
Meh. The contract goes both ways for both parties. I pay, I keep the RV. I don't pay, they take the RV. Everyone is expected to uphold their end of the agreement - both sides. Businesses strategically cut losses all the time. People should, too.
