Huntindog
Phoenix AZ
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Joined: 04/08/2002
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Lantley wrote:What I am saying is paying cash does not automatically give you a superior bullet proof deal. You still have to negotiate, you still have to play the game. There is still rebates and kick backs. And you are out of your cash. Your funds are tied up in a depreciating item vs. paying a fee to use someone elses funds.
Leaving your funds free for other puposes.
Is it better to pay 100K up front or 5K for 20 months. There is value to keeping your money in your pocket.
I've heard of deals where the dealer prefers to finance because they get a kick backs from the bank that they won't get in a cash sale. Hence they encourage buyers to finance and pay it off. It gave the buyers a better deal because they got the benefit of the banks $$ and a better price.
I've also seen scenarios where the best price was not a cash price because finance kick backs trumped the cash price.
Maybe cash is not always king! GOES WITHOUT SAYING THAT YOU NEED TO NEGOTIATE HARD.
In the deals you use as examples, I do not believe for a minute that the best deal was had....If I was to believe that, then I would have to believe that the lenders got taken by the buyers... I do NOT.Remember what I said about them being much better off than thr people they loan money to... That is no accident. They are pros at making money while leading their customers to believe otherwise
Of course absolutly no one will admit this, for obvious reasons.
Huntindog
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nickthehunter
Midwest
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Joined: 07/18/2005
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Huntindog wrote:...Of course absolutely no one will admit this, for obvious reasons.
8.4% Average Annual Return on Investment, 2.1% interest rate over the same 10 year period of time.
And I am able to negotiate just as good a deal as you are. My money and your money looks identical to the dealer.
Please tell me again how paying cash is best.
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goducks10
There
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Joined: 02/22/2010
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I'm sure there's some that are cheaper but probably not by much.
With the price of RV's today and the high interest rates that correspond with those high prices, now is not the time to buy with a loan.
Per Good Sam.
Loan Amount 5-Year 10-Year 12-Year 15-Year 20-Year
$100,000 - $2,000,000 4.24 5.39 5.49 5.49 5.49
$50,000 - $99,999 4.24 5.39 5.49 5.59 5.59
$25,000 - $49,999 5.74 5.99 6.25 6.24
$15,000 - $24,999 8.49 8.99 8.99
$10,000 - $14,999 9.49 9.49 9.99
My CU has 5% new, 5.25% used. To high for my liking.
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Grit dog
Black Diamond, WA
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Joined: 05/06/2013
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Huntindog wrote:
Maybe cash is not always king! GOES WITHOUT SAYING THAT YOU NEED TO NEGOTIATE HARD. Quote:
In the deals you use as examples, I do not believe for a minute that the best deal was had....If I was to believe that, then I would have to believe that the lenders got taken by the buyers... I do NOT.Remember what I said about them being much better off than thr people they loan money to... That is no accident. They are pros at making money while leading their customers to believe otherwise
Of course absolutly no one will admit this, for obvious reasons.
So, Huntindog, I, like you, prefer to pay cash for anything I can afford to. Note, aside from 2 new vehicles over my entire time behind a steering wheel (which sadly is over 30 years, now), every other vehicle or "toy" (RV, bikes, boats, etc) has been purchased used and used private party.
Cash "can" still be king in these scenarios, but generally only for the lower priced stuff. Someone selling a $50-100k used (boat, rv, whatever) is generally not "after the cash, NOW" nor willing to forego some revenue for "cash" on a large transaction.
When talking about car dealers, new or used, cash is NOT king, regardless of what you learned back in whatever decade you started making large purchases.
Your soapbox is getting pretty weak...
2016 Ram 2500, MotorOps.ca EFIlive tuned, 5” turbo back, 6" lift on 37s
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Huntindog
Phoenix AZ
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Joined: 04/08/2002
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nickthehunter wrote:Huntindog wrote:...Of course absolutely no one will admit this, for obvious reasons.
8.4% Average Annual Return on Investment, 2.1% interest rate over the same 10 year period of time.
And I am able to negotiate just as good a deal as you are. My money and your money looks identical to the dealer.
Please tell me again how paying cash is best. You should name the investments so all of your RV buddies can get in on it.
Fact is that there hasn't been such RISK FREE investments in a very long time,,, As for your rate of return.. I have done much better than that. but the other fact is it has been easy to make money in the market for the last 10-12 years, Any fool could do it. That does not mean there was not risk. With what is happening now, the next 10 years probably will be much different than the last 10 years.
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nickthehunter
Midwest
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I still have the money, invested and paying me nicely, I can pay off the loan anytime I feel it’s a losing proposition to keep it. Your money on the other hand is now long gone and stopped paying you anything the minute you gave it to the dealer.
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Huntindog
Phoenix AZ
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nickthehunter wrote:I still have the money, invested and paying me nicely, I can pay off the loan anytime I feel it’s a losing proposition to keep it. Your money on the other hand is now long gone and stopped paying you anything the minute you gave it to the dealer. I still have money to invest.
What are you investing in that pays so much with zero risk? I want to get in on it.
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propchef
NORCAL
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Joined: 10/02/2020
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Huntindog wrote:nickthehunter wrote:I still have the money, invested and paying me nicely, I can pay off the loan anytime I feel it’s a losing proposition to keep it. Your money on the other hand is now long gone and stopped paying you anything the minute you gave it to the dealer. I still have money to invest.
What are you investing in that pays so much with zero risk? I want to get in on it.
Is your RV perfect? Risk-free? Probably not.
Yes, you still have money left, but that wasn't his point. His money works for him and he used someone else's money to buy his RV. Risk is relative.
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big_jeff
tucson
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Joined: 06/27/2014
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I also was looking, but for a truck camper. Found one that I liked, had all my "wants".
Drove about 1000 miles to pick it up. Price was right, I'll bet that prices will only go up. I see nothing coming down in the foreseeable future. My $5.00 worth, up from .02...
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GrandpaKip
Flat Rock
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Unfortunately, once again, the fence post has replied and another thread has derailed.
Kip
2015 Skyline Dart 214RB
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