Not sure if I should just quit looking for now, seeing how businesses are being shut down, state parks, entire states, etc. I may not even be able to use the thing in a few weeks. It's also got me wondering - since we now seem to be headed for the 2nd coming of the great depression, might I be better served waiting to get a better price? I mean, as everybody's going broke, it seems to me that RVs and everything else are just about to crater in price. Weird stuff going on right now. They're talking about a 25% contraction in GDP in the 2nd quarter!

You should continue working on deciding what you want. Then, pull the trigger once you are confident with the financial situation.

Full lockdown for the US could be coming soon. My daughter is a nurse manager and she told me yesterday that the doctor told her its coming. She said the doctor has a government security pass. I'm not totally sure its going to happen...just passing on info I have been told. The way the virus is spreading it looks like that is what will happen sooner or later.

Interesting times indeed. I agree with the wait and see approach, but in the meantime figure out exactly what camper best fits your needs. Like you, I too wonder if the entire economy is going to collapse over the next few months, which could create some unique buying opportunities for those with the wherewithal to act. I’m fortunate to have a job in healthcare and always required to work regardless the chaos going on. I’m now torn as well, on purchasing a new truck for our camper, and possibly an adventure van/grandkid hauler. I’m thinking now is the time to wait for some smoking good deals that will likely come in the next several months, since we really can’t be out traveling at this time. My belief is we are gonna be locked down for the next few months till either a vaccine is created, or the virus is contained. In the meantime, we’re going to work and dream of our next vacation!

We are in the same position. We have a nice 5th wheel, but have been wanting a popup TC for weekend and quick, short get aways. We have the ability to pay cash for new. So a week ago we visited the local dealer to look and price. Had a good idea on what we wanted. Looked and liked. Pricing was decent, but not a killer deal. Intended on going back or calling on Monday last week to seal the deal and buy. But after last weekend and things changing so fast, we've decided to wait a bit to see just what the economy is gonna do and possible the prices come down a bit.So, we're in a holding pattern.... Still intend on buying, but just not today..

Wait awhile. Cash is going to talk loudly in a few months.

Interesting times to be shopping for my new truck camper

mountainkowboy
Explorer
Mar 30, 2020
I got my eye on the dropping price on an 08 S&S side entry, price has dropped 3K so far....another 3K and I might pull the trigger....LOL.
Dennis58
Explorer
Mar 30, 2020
When there is blood in the streets it's time to take a walk. Going to be a buyers market in the coming months and cash will be king.

I'm looking.
free_radical
Explorer
Mar 27, 2020
I buy when the price is right and pay cash always
that way I avoid payin interest and worries about repos.

Last time I bought new truck was in 08 when GM had the fire sale and got great deal on it,stil drive it bc it works fine.
Veebyes
Explorer II
Mar 25, 2020
JMO but if you are in the market now is a good time to keep looking. Select a few very strong possibilities & sit back awhile keeping an eye out for what you want & how much they are going for. When you think things have just about bottomed out grab your bag of money & go shopping.
Kayteg1
Explorer II
Mar 25, 2020
restlessways wrote:
Kayteg1 wrote:
You brought interesting point.
What is going to happen to campers who will be "upside down" on loan and buyer will stop paying?
Banks will have to lose more money by repossession, than it would cost them just forget the debt.
Back after 2008 banks would let the the people to live in the houses for years, before they would foreclosure. Las Vegas still have lot of vacant houses and abounded projects. .... 12 years after last recession. Legends say that it is government (taxpayers) who still pay for upkeep those houses as bank are not allowed to dump them and crash the RE market.

I don't think it's cheaper just to let the person keep the RV. Far from it. They would much rather repossess it and sell it to somebody else. Anything is better than nothing.

I heard about such procedure when it comes to houses.
Actually know personally a sample when at beginning of 2008 recession, with 3 missed payments BOA foreclosed on $230,000 loan to auction the house at $101,000.
But rumors say that banks are insured, meaning taxpayers cover the difference.
Don't think that will happen with repo on camper.
Bottom line, with so many variables nobody is going to tell what will happen in 2 or 5 years.
Meaning if you are on camper market and find 1 with good discount, don't hesitate to get it.
adamis
Nomad II
Mar 25, 2020
In the grand scheme of things I suppose it just depends on what you want to do. Assuming your own investments are secure and not being impacted by the meltdown of the economy, do you really want to put off traveling for 3 to 4 years while you wait for the economy to settle itself just to save a few thousand?
deltabravo
Nomad
Mar 24, 2020
restlessways wrote:
Not sure if I should just quit looking for now, seeing how businesses are being shut down, state parks, entire states, etc.

Washington's governor closed the state effective tomorrow.
restlessways
Explorer III
Mar 24, 2020
Kayteg1 wrote:
You brought interesting point.
What is going to happen to campers who will be "upside down" on loan and buyer will stop paying?
Banks will have to lose more money by repossession, than it would cost them just forget the debt.
Back after 2008 banks would let the the people to live in the houses for years, before they would foreclosure. Las Vegas still have lot of vacant houses and abounded projects. .... 12 years after last recession. Legends say that it is government (taxpayers) who still pay for upkeep those houses as bank are not allowed to dump them and crash the RE market.

I don't think it's cheaper just to let the person keep the RV. Far from it. They would much rather repossess it and sell it to somebody else. Anything is better than nothing.
Kayteg1
Explorer II
Mar 24, 2020
restlessways wrote:
One thing lost in this equation is the incredible demand destruction and the need for many "owners" (debtors) to rid themselves of expensive monthly payments. After years of the highest production rates and sales in history, there are a whole lot of RVs out there. It could be like 2009-2010, where you literally had to cut your price to a fraction of NADA/KBB just to sell a car, truck or RV in a glutted market.

You brought interesting point.
What is going to happen to campers who will be "upside down" on loan and buyer will stop paying?
Banks will have to lose more money by repossession, than it would cost them just forget the debt.
Back after 2008 banks would let the the people to live in the houses for years, before they would foreclosure. Las Vegas still have lot of vacant houses and abounded projects. .... 12 years after last recession. Legends say that it is government (taxpayers) who still pay for upkeep those houses as bank are not allowed to dump them and crash the RE market.
restlessways
Explorer III
Mar 23, 2020
Kayteg1 wrote:
The way I see camper builds will develop:
-right now, with low demand dealers will unload the inventory at low prices
-with no demands for next year, selling dealers and manufacturers will close
-when economy recovers (who knows when that will happen?) there will be no camper manufacturer operating at speed, so the remaining inventory as well as new build will have pricing going toward the sky
That happen to some degree in 2008 and I don't see this time it going any better

One thing lost in this equation is the incredible demand destruction and the need for many "owners" (debtors) to rid themselves of expensive monthly payments. After years of the highest production rates and sales in history, there are a whole lot of RVs out there. It could be like 2009-2010, where you literally had to cut your price to a fraction of NADA/KBB just to sell a car, truck or RV in a glutted market.