Chew on this.
ELKHART COUNTY, Ind. - As the recreational vehicle industry approaches the end of 2022, the nation’s economic malaise and spiking interest rates have caused buyers to tap the brakes on purchasing an R...
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I've taken a few long road trips this month and last, including a long stretch of I-95. Dealer lots were packed. A large Camping World next to Cabela's in PA was overflowing last weekend. My Facebook RV groups are filling up with for-sale postings (almost always TT's). Seasonal, sure, but the timing is interesting.
My credit union RV rate is 7.75% for 60 months, 8.25% for 120. Inflation is vaporizing the margins in family budgets. I know it has for mine. Hard to imagine sitting down and signing loan papers in this environment.
So if you are looking to buy, hang in there. Dealers will be sweating this winter IMHO.
My credit union RV rate is 7.75% for 60 months, 8.25% for 120. Inflation is vaporizing the margins in family budgets. I know it has for mine. Hard to imagine sitting down and signing loan papers in this environment.
So if you are looking to buy, hang in there. Dealers will be sweating this winter IMHO.
