Re: NADA Guide Prices & Financing
Reply #7 –
We went with 100% Financing, for the Just - In - Case scenario, and so glad we did! Sure enough the Money we would have spent was an Immediate need, in just a few months, and C/C and Personal loans would have really cost us way more for that emergency! It is almost paid off now, and we had the BEST Rate and Service from a Local Bank with like 4 Branches Total! The Loan Officer worked with us, when the NADA Book was used as a Start! She had us go through ALL Items, whether actual Options or Standard Equipment, to get the 100% we needed. When Tallied up, everything came to just a few hundred over what I required!!! After it is all said and done, I easily saved Thousands in my case!
We also considered the Zero Percent C/C deals we have available as well! The Huge Caveat there is if, you HAVE to go past the Zero Rate Period the Interest is Astronomical, that it's Stupid! We never want to take that chance, and only use that Option for Debt Consolidation purposes, while knowing it is within our Budget, whether we actually had that option, or not!
This is the Very First RV, since Owning RV's where I did not pay cash, but it sure is nice to have that Option, when you can! I have had RV's since 1977, also, and wouldn't ever seeing being without one, even if I end up in a Old People's Home Care! I'd still have one, so a Younger Person Drives, and still get out and about! That's the Plan, anyway! LOL
Stellar Credit, and someone willing to work with you, get's the deal done, I have found! I am a Member of Several Credit Unions, as well, and their Rates and Unwillingness had me look elsewhere! And those Companies out there that say ALL they do is RV Financing are the Biggest Joke of all! I found them to astronomical in Rates, Rules, and Service was the Worst! No Wiggle Room, whatsoever! I got the Impression (Can't Prove) that if we had a Low Credit Score they would have worked with us, because it seemed they get more Revenue through Repo's, which is Huge in the RV Industry! Just my Opinion though!
Now I also asked every place I Applied (I realize that brings your Credit Score Down, too!) that maybe doing a Comp, in the Marketplace was possible as a Marker like Houses are, is a way to place Value! All the ones I asked said no, and I stated WHY NOT? It is Wheel Estate, is it not? LOL
Topic: NADA Guide Prices & Financing