If you bought your RV on payments from General RV.

mich800 wrote:

dodge guy wrote:
Ok people. The numbers (payments months) were changed after the people signed. They signed for 240 months and then after the customer left they changed it to 120 months with a balloon payment after the 120 months. To me it sounds like a salesman and the finance guy had something going. Not sure if General RV is involved, but they cut their own throat when they said “we didn’t do anything wrong”! Sorry, but your name is at the top of the paper work, so you definitely have a big part in it. Hopefully General RV steps up and figures it out and makes it right for their customers.

It looks like the contract was altered after it was executed. I am just confused on the end game. Are these cases where the finance department could not get approval without a big balloon payment? Maybe a bigger kick back if it is not a straight amortizing loan. Just curious what the motive was.

10 yr money comes at a lower rate than 20 year money. Not at all uncommon to make payments on a 20 year rate but a 10 year due date to get a lower rate. I see this all the time. Not as a deception but something agreed by both parties looking out for their own best interests. No contract was shown in the original video so I assume the customer was not fully understanding what was signed. If the contract was materially changed, the RV should have been returned immediately. Customer can refinance any time they please on most of these contracts.