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Old 04-14-2018, 02:50 PM   #1
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The Best Way to Buy an RV

Given the rapid and severe depreciation of all RVs, what are your thoughts on the best way to buy an RV?

If you have the Money to pay cash, should it be paid for in full at delivery?

Is it better to keep your money in savings earning interest and put a large amount down (50%?) and finance part of it at a low interest rate and then sell it a few years later while you can still get a decent rate of return on it? Or is it best to keep it until it is paid off?

Are your thoughts different for different types of RVs (TT, Fiver, MH . . .)?
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Old 04-14-2018, 04:45 PM   #2
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I'm old fashioned. I think you should pay cash for it.
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Old 04-14-2018, 04:56 PM   #3
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I found that I have gotten a lot better price from dealers when I tell them that I will bring in a cashiers check for the whole amount!
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Old 04-14-2018, 05:12 PM   #4
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Hypothetically speaking, if you have the money saved to cover the purchase price, it all comes down to the interest rate for the loan vs. the rate of return on the investment account.
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Old 04-14-2018, 06:05 PM   #5
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This is a tough one.

I think that it depends on a bunch of factors and your particular situation at the time of purchase.

You are right on the rapid rate of depreciation. I personally don't like the idea of borrowing money on a major purchase (for most of us folk) that is worth less than you owe on it once you've had it a short while (or while driving it off of the lot!). But having said that it also would matter to me how long I was planning on keeping it.

I think that I could justify going under water if I planned on getting heavy use and priceless memories out of it right away.

On our purchase we decided to get a new one with a good warranty (this proved to be smart). We are coming up on the end of our 2 yr warranty in a few months. I feel that The camper has finally "settled in" on reliability.
We really go for a good value. I beat my dealer up on price pretty good and did well on a camper that I felt was better than most. We were fortunate enough to where we could pay cash. I felt that we will own this particular camper for a good five years or so. My thought process was that I wanted to keep the cost of acquisition and ownership low (relatively speaking) and that - whatever it's sad future value is, I will sell it privately to a family that will get a solid camper and enjoy it as much as we did.

Having just said this I really feel the smartest way to buy is slightly used from someone who has taken pride, good care and maybe done some great mods to it. Paying cash in this scenario makes the most sense to me. Good luck to you getting all of these pieces to fall into place!

In a way it's somewhat similar to how I look at purchasing a car. I don't buy cars often and I drive the wheels off of them. My current comuter is a high quality good-value Honda Civic that just passed 200k miles, is 9 yrs old and I plan on keeping it going for another 100k miles. I financed it because the money was so cheap at the time. RV loans aren't always so attractive. Oh and be careful about the tax write-off aspect of this type of loan - at least how it's presented or "sold" to you and how they actually affect your taxes. Going forward are they still a write off with the new Trump tax-plan that we are all into?

I also think that it depends on your price-point and its affordability for you.

For most of us these are a recreational and luxury item. A lot of people couldn't even justify owning an RV! Personally I'm hooked. This is a lifestyle that I hope to be able to do for a very long time and with a few rigs. I might not make the best financial decision on my next one - or maybe I didn't buy this one so well??

Maybe a financial pro out there can chime in and show us a nice graph or an interesting formula? I'd still take that info for what it's worth. I think that this can be pretty subjective and situational.
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Old 04-14-2018, 06:28 PM   #6
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Cash. TT, 5er or MH
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Old 04-14-2018, 06:55 PM   #7
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We financed ours an after a yr it's still worth way more than we bought if for. Should be like like that for another 2 yrs or so. If I had the cash then yes I would have paid cash buy sayin that I didn't buy it with the intent of ROI in mind. These are not investments.
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Old 04-14-2018, 07:20 PM   #8
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Used.
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Old 04-14-2018, 08:49 PM   #9
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Used -our travel trailer was 14 months old and used twice. The previous owners updated by adding a flat screen tv with arm swing bracket, DVD player, upgraded air condition system, shelf organization system and it was still like new. We saved 30% off the retail price and paid cash. $13,500.

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Old 04-22-2018, 01:12 PM   #10
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We have a 2018 Jaco we purchased new. My next camper will be purchased from a conscientious 1st owner 2-5 years old, cash deal using the power of the internet to and media to locate potential sellers.
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