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08-28-2018, 04:44 PM
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#41
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Platinum Member
Join Date: Oct 2010
Location: Oh - H - Eye - OH
Posts: 180
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__________________
I have a 1989 Dodge XPLORER RV Class B - Purchased 10/15/10 IN CASH
Fiance' purchased a Class C (B+ ?) 2002 Dynamax Carri-go on 5/1/15 IN CASH
We've got the best of both worlds
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08-28-2018, 04:49 PM
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#42
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Platinum Member
Join Date: Oct 2010
Location: Oh - H - Eye - OH
Posts: 180
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Quote:
Originally Posted by BBQ
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He who dies owing the most money, wins.
:-d
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I think the lender would be the beneficiary of assets of the person who dies and not the loved ones . 
__________________
I have a 1989 Dodge XPLORER RV Class B - Purchased 10/15/10 IN CASH
Fiance' purchased a Class C (B+ ?) 2002 Dynamax Carri-go on 5/1/15 IN CASH
We've got the best of both worlds
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08-28-2018, 04:55 PM
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#43
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Platinum Member
Join Date: Aug 2015
Location: Florida
Posts: 249
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Quote:
Originally Posted by goreds2
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+1
I would always pay cash for the best RV I could afford and or suited my needs for my budget.
__________________
Regards,
Bob
2017 RT Agile SS
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08-28-2018, 07:54 PM
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#44
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Platinum Member
Join Date: May 2018
Location: California
Posts: 336
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I think the gauche thing would be to ask, in person, a perfect stranger whether he/she paid cash for their rig. In a forum like this, where you can choose to respond, I think the question is OK.
He who lives with the most joy, wins!
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08-28-2018, 07:58 PM
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#45
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Platinum Member
Join Date: Aug 2015
Location: Florida
Posts: 249
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Quote:
Originally Posted by rvsprinterguy
I think the gauche thing would be to ask, in person, a perfect stranger whether he/she paid cash for their rig. In a forum like this, where you can choose to respond, I think the question is OK.
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Agree and I think both arguments can be made.....then potential readers can decide which option makes the most sense for their own particular needs. I dislike debt but I bet I could make a case for why a newer financed rig could make sense for some.
__________________
Regards,
Bob
2017 RT Agile SS
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08-28-2018, 08:22 PM
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#46
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Platinum Member
Join Date: Aug 2017
Location: CA
Posts: 1,330
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Thin skinned.... living in the past..... VERY OLD SCHOOL......
Quote:
Originally Posted by rvsprinterguy
I think the gauche thing would be to ask, in person, a perfect stranger whether he/she paid cash for their rig. In a forum like this, where you can choose to respond, I think the question is OK.
He who lives with the most joy, wins!
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Look... there's nothing wrong with being candid....too much secrecy ....I don't know why people are so unwilling to share their experiences with others..?
You can "spin" this anyway you like....
When people have asked me a direct question..I've given them a direct answer.... simple.
No... I'm not offended at all ... If you're not willing to share... I wonder what you have to contribute?
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08-28-2018, 08:31 PM
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#47
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Platinum Member
Join Date: Jul 2018
Location: Texas
Posts: 2,651
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Sometimes borrowing makes sense, even if most times it doesn't.
True story. My parents were of the old school where you saved up for what you want. After WWII (1946) they began saving for a modest home that cost $2000. By the time they saved their $2000 it was 1950, and due to inflation and pent up demand, that $2000 home cost them $4000. They put 1/2 down and paid off the rest in 15 years.
A motor home is not a house. It loses value and is best paid in cash. But when they cost the price of a small house, and with interest rates historically low, I'm not going to criticize someones personal choice so long as they're not spending their grocery money on it. Sometimes if you wait too long, you can lose your health or the opportunity to enjoy what you want to do in life.
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08-28-2018, 08:45 PM
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#48
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Platinum Member
Join Date: Aug 2017
Location: CA
Posts: 1,330
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Comparing apples to oranges
Quote:
Originally Posted by rowiebowie
Sometimes borrowing makes sense, even if most times it doesn't.
True story. My parents were of the old school where you saved up for what you want. After WWII (1946) they began saving for a modest home that cost $2000. By the time they saved their $2000 it was 1950, and due to inflation and pent up demand, that $2000 home cost them $4000. They put 1/2 down and paid off the rest in 15 years.
A motor home is not a house. It loses value and is best paid in cash. But when they cost the price of a small house, and with interest rates historically low, I'm not going to criticize someones personal choice so long as they're not spending their grocery money on it. Sometimes if you wait too long, you can lose your health or the opportunity to enjoy what you want to do in life.
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Very few people I know ever have "saved up" the cash for a house.... unnecessary and foolish.....in fact.... talk about lost opportunity...if I had done that... would never have a house!
My house increased in value 600 percent.... you'll never see this in an RV....
The RV is a huge depreciating asset....I love the "experience"... BUT, it was NOT a good financial move.....
Can't put a price on experience... I understand... SO.. I'm just enjoying it for the moment....
Probably will sell it in a couple of years.....
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08-28-2018, 08:49 PM
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#49
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Platinum Member
Join Date: Jul 2018
Location: Texas
Posts: 2,651
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Quote:
Originally Posted by Roadtrek Adventuous RS1
Can't put a price on experience... I understand... SO.. I'm just enjoying it for the moment....
Probably will sell it in a couple of years.....
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Me too. .
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08-28-2018, 08:54 PM
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#50
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Platinum Member
Join Date: Feb 2016
Location: Portland, Oregon
Posts: 3,307
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I once witnessed a conversation between a couple buying a car and a sales person. He was asking, “How much is the car?”. She focused on monthly payments and her voice seemed dominant. The salesman was in heaven bumping payoff time until monthly payments matched her desires. Sold. Different strokes for different folks.
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08-29-2018, 08:09 AM
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#51
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Gold Member
Join Date: Aug 2018
Location: China
Posts: 86
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Quote:
Originally Posted by Roadtrek Adventuous RS1
Very few people I know ever have "saved up" the cash for a house.... unnecessary and foolish.....in fact.... talk about lost opportunity...if I had done that... would never have a house!
My house increased in value 600 percent.... you'll never see this in an RV....
The RV is a huge depreciating asset....I love the "experience"... BUT, it was NOT a good financial move.....
Can't put a price on experience... I understand... SO.. I'm just enjoying it for the moment....
Probably will sell it in a couple of years.....
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As we known, the Automobile products are the consumables, but the house are the value-added products.
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08-29-2018, 08:18 AM
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#52
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Gold Member
Join Date: Aug 2018
Location: China
Posts: 86
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Quote:
Originally Posted by Bud
Huh? Please explain.Bud
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Sorry, maybe there is a misunderstanding about "paid in Cash" for the RVs.
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08-29-2018, 01:33 PM
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#53
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Platinum Member
Join Date: Oct 2010
Location: Oh - H - Eye - OH
Posts: 180
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I paid $2300 (yes $2300) for my class B and of course in cash.
I know I could set it outside my house with a for sale sign on it and I could get $5000 for it within a day or two or a week. I could get close to $10,000 if I wanted to wait a month or two.
What I am trying to say is that if you buy used and for cash your loss will me minimal when trying to resell.
I know I would not want to buy a Class B that had a loan against it.
Sorry if this is somewhat off topic.
__________________
I have a 1989 Dodge XPLORER RV Class B - Purchased 10/15/10 IN CASH
Fiance' purchased a Class C (B+ ?) 2002 Dynamax Carri-go on 5/1/15 IN CASH
We've got the best of both worlds
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09-02-2018, 09:16 PM
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#54
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Bronze Member
Join Date: May 2018
Location: Ontario, Canada
Posts: 23
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Maybe I am old fashioned but I consider an RV a "luxury" not a necessity therefore IMPO it is something you should have the cash for and not finance. Most people can calculate the "opportunity cost" they may be giving up on their "investments" just by looking at their last bank or credit card statement. For those of us fortunate enough to actually have an "opportunity cost" to consider it is unlikely we need more than a nanosecond to figure it out.
2013 Pleasureway Ford Excel TS
2012 Chevy Silverado Crew Cab
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09-02-2018, 11:01 PM
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#55
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Platinum Member
Join Date: Aug 2017
Location: CA
Posts: 1,330
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I agree, but a lot of people do finance them
Quote:
Originally Posted by brianm142@hotmail.com
Maybe I am old fashioned but I consider an RV a "luxury" not a necessity therefore IMPO it is something you should have the cash for and not finance. Most people can calculate the "opportunity cost" they may be giving up on their "investments" just by looking at their last bank or credit card statement. For those of us fortunate enough to actually have an "opportunity cost" to consider it is unlikely we need more than a nanosecond to figure it out.
2013 Pleasureway Ford Excel TS
2012 Chevy Silverado Crew Cab
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Figured out that I would have almost paid two times the cash price.... that doesn't work for me.
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09-04-2018, 06:12 AM
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#56
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New Member
Join Date: Sep 2017
Location: Louisiana
Posts: 16
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Don't yet have an RV.
However, I've been saving towards it. If I can get my father's house sold, that should give me the total for what I need, if I buy new.
My plan is to do what I did when I built my Barn Hunt practice area: take out a signature loan against my deposited cash in my credit union. I can set the term for whatever I want, and the payment for what I want. The difference between what I am earning on the deposited money and the loan interest is maybe 2%.
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09-04-2018, 07:41 AM
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#57
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Gold Member
Join Date: Aug 2018
Location: China
Posts: 86
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Quote:
Originally Posted by Marilynx
Don't yet have an RV.
However, I've been saving towards it. If I can get my father's house sold, that should give me the total for what I need, if I buy new.
My plan is to do what I did when I built my Barn Hunt practice area: take out a signature loan against my deposited cash in my credit union. I can set the term for whatever I want, and the payment for what I want. The difference between what I am earning on the deposited money and the loan interest is maybe 2%.
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Every dream should be valued. And I do believe your dream for an RV will come true in the near future.
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09-05-2018, 01:16 AM
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#58
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Platinum Member
Join Date: Oct 2010
Location: Oh - H - Eye - OH
Posts: 180
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Quote:
Originally Posted by Marilynx
Don't yet have an RV.
However, I've been saving towards it. If I can get my father's house sold, that should give me the total for what I need, if I buy new.
My plan is to do what I did when I built my Barn Hunt practice area: take out a signature loan against my deposited cash in my credit union. I can set the term for whatever I want, and the payment for what I want. The difference between what I am earning on the deposited money and the loan interest is maybe 2%.
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I am sure you will find your RV and please post a picture when you do.
__________________
I have a 1989 Dodge XPLORER RV Class B - Purchased 10/15/10 IN CASH
Fiance' purchased a Class C (B+ ?) 2002 Dynamax Carri-go on 5/1/15 IN CASH
We've got the best of both worlds
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