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Old 09-15-2011, 02:23 PM   #71
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Quote:
Originally Posted by nesvt
My wife and I just bought a 2008 Safari Sport 22'. It's the same year/model as the listing on eBay. We haven't even picked it up yet. The dealer is getting out of Airstreams. It is NEW and comes with the original manufacturer's warranty. It was about the same price as the eBay AS, but without the dents. It did have a few issues, but they are being resolved.
They had two of the same models. We bought one. One is still available.
Where is the Safari located? Mind my asking?
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Old 09-15-2011, 02:27 PM   #72
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Got final numbers and it's 20%, not 21%. More details to come.
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Old 09-15-2011, 02:29 PM   #73
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Originally Posted by mcintoshMD View Post
Where is the Safari located? Mind my asking?
Don't mind at all. It's in Vermont. I would type the exact location and website, but I don't want to violate any rules about advertising/listing in the wrong forum. I will send you a PM with more details.
Using Google with "airstream VT" will also bring you there.
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Old 09-15-2011, 02:38 PM   #74
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Screw the 8% to 15% interest, where are you getting 21% off list on a 2012 Airstream?

doug k
I'm wondering where they drop 40-50% in the first year of ownership. Not up here, that's a fact.
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Old 09-15-2011, 03:42 PM   #75
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Quote:
Originally Posted by Aage

I'm wondering where they drop 40-50% in the first year of ownership. Not up here, that's a fact.
I agreed, I have been looking for the gently used AS,they do not lose the value that much, for example, the sport safari, 2008, 20 ft, new in 2008 was $32k, the going price now is $25 k, according to my math, that is not 50% off,and that's a 4 year old AS,that's come to 5.47% depreciation per year!!! the reason why I want to go with the new one is because AS is supposed to hold value a little better than the other squared box. If I could invest and my return rate is better than 5 % , I will come out ahead.
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Old 09-15-2011, 04:04 PM   #76
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Originally Posted by mcintoshMD View Post
. . . the reason why I want to go with the new one is because AS is supposed to hold value a little better than the other squared box. If I could invest and my return rate is better than 5 % , I will come out ahead.

What am I missing?

So there's no weight and value subtracted for risk? and the assumptions are based on a current market analysis on a 2% spread? I have some rich doctor friends. They buy airplanes and second and third homes with cash and call me over to see them after the fact. Not one has ever talked to me about analyzed depreciation or offsetting loans on toys. They just go buy them.
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Old 09-15-2011, 05:19 PM   #77
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Quote:
Originally Posted by Splitrock

What am I missing?

So there's no weight and value subtracted for risk? and the assumptions are based on a current market analysis on a 2% spread? I have some rich doctor friends. They buy airplanes and second and third homes with cash and call me over to see them after the fact. Not one has ever talked to me about analyzed depreciation or offsetting loans on toys. They just go buy them.
First I do not consider my self rich.
Second I could pay cash but my sense is telling me not to. Since, I know I could put my money to work elsewhere.
With all due respect, I am signing off.
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Old 09-16-2011, 04:38 PM   #78
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If you trade in a car or Airstream after 1 year the dealer will whack you 40% or more.

Don't forget he can buy brand new ones wholesale so he is going to discount his offer from there.
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Old 09-16-2011, 04:40 PM   #79
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Splitrock did you not notice the name Mcintosh MD? We seem to be dealing with a canny Scot here.
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Old 09-16-2011, 05:20 PM   #80
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Old 09-16-2011, 08:00 PM   #81
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Wow. Surprised at the answers on this thread.

I am a CPA by background and have worked in Finance/Accounting for 30+years. There is an old addage at play that most people who want to pay for their trailer in cash are missing, called: OPM - Other People's Money.

Rarely, does it pay, from a cash flow/net value perspective, to pay for an asset out of your own pocket.

It doesn't matter what value you use for the price, $20,000 or $40,000, or $60,000 or whatever. I used in my analysis $40,000. That you had on hand to buy a trailer.

You have two options, borrow money to get your AS or pay in cash. 1) you pay in cash you just reduced the value of your investments. And I assumed you take the money that you would have paid for the monthly loan payments and invested that - to replenish your portfolio. 2) you leave that $40K in your portfolio let it increase in value, and make monthly payments.

In option 1) your monthly investment will grow slowly, but build up steam over time as you keep adding that monthly amount. However, in option 2) the full value of that $40K earns from day one. In the vast majority of cases you will have more money in your pocket using option 2. The only way option 1) yields a better return is if the markets stay low to flat for many years. However, if the markets return to historical levels in anywhere less than 4 years from now option 2 is still ahead. This was all calculated on a 10 year payment. On a 20 year payment the difference is huge.

Just so you know, when I did my analysis I calculated tax impacts too.

That is for those with the cash who insist on paying for their trailer in cash. Most of America usually doesn't have that much disposable cash available so they would borrow the money anyway. I was just addressing those who were advising to always pay cash. It doesn't make as much "cents" as you think. It actually costs you more "cents" in the long run.

just my 2 cents!
Okay, I just wanted to weigh in on this issue. I am 50 and we just bought our first AS (Argosy) used and paid cash. What you left out in your explanation above is this: Say you really want to purchase a new AS and it will cost $40K and the only way to get it is to finance. So, what if...instead of purchasing new, you spend $6-8K cash for a used AS and then save for the new AS by putting away the amount that would be your monthly payments for the new AS until you have the cash for the new one? First, you can enjoy the used AS and get used to dealing with the issues you will have regardless of the age of the AS and you are saving for the new one and earning interest on the money you are saving so that in, say 5 years, you have the cash to purchase a new AS (even if the price goes up, you've earned additional money from interest on what you've saved) AND you haven't overpayed for the AS because of interest payments!!

Purchase a new AS for $40K at 2.5% interest for 5 years = $709.89/ month or $42,593.40.

Save $709.89/month for 5 years at 2.5% interest compounded annually and you have $48,190.52 to pay cash for a new AS. I do not believe that the mortgage interest tax write off is equal to $5597.12 difference.

Am I missing something? I know that you have to account for the $5-8K investment in the used AS, but you can sell it (or trade it in) and get at least 50% of that back and you had the use of it while you were saving for the new AS.
the
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Old 09-16-2011, 09:35 PM   #82
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Just surprises me that everyone seems to assume that everyone is in the same personal, family and financial situation as they are in so thus what is best for themselves must be best for everyone else.

At 32 years old I'm sure I am far from the typical Airstream owner. And to think that what is the smartest decision for a retired couple in their sixties is right for me and my situation is nonsense.

I've spent quite a bit of time breaking down my decision and by far financing makes the most financial sense for the long term for me and my family. How can someone criticize me for that without knowing anything about my situation?
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Old 09-17-2011, 12:49 AM   #83
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Let's put this another way. Back in 1993, I had 3 small children, a mortgage, a car payment, but really wanted to show my kids the country...and no way I could afford to do it in hotels. Plus, I'm a camper...it's a lifestyle!
I borrowed against my 401K..I KNOW WHAT THE LONG TERM COSTS OF THAT WERE AND ARE! I'm not stupid.

BUT, I showed my kids, over the years, 47 states, every historically significant place hither and yon, and spent a lot of quality time around a campfire and on trails.
Sometimes they loved it, sometimes they didn't.

As they progressed through high school, and history class and geography class subjects and they could say "been there, done that", I felt satisfied.

Now that they are adults, and really have experienced different American (a little Canadian) cultural subtleties, and truly have experienced diversity (not the kind the media and Govt. wants you to accept).......it's priceless, regardless of the cost.
Everybody is different in their needs and wants. How you get it done is irrelevant, IMHO.
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Old 09-17-2011, 07:01 AM   #84
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i think after foliowing this discussion the important thing is to do these activities while you have the health to do them.cash or credit only boils down to whether you can afford thr lifestyle in the first place.i dont have alot of time on my hands ,but when i can get away the airstream is in the driveway ready to go.for what i paid and the use i get it wasnt a decision based on frugality.my decision was based on a long term plan and the enjoyment of the lifestyle.bought new since i dont have time for a fixer upper,financed 90 percent of purchase and paid it off over 55 months.above all my time is the most valuable thing and when i have it i want to use it wisely.even when i get home from work after a long day i enjoy seeing the airstream in the driveway or sitting in it on early mornings with a cup of coffee.i waited till i was 45 to buy my first a/s and 9 years later i have alot of family memories that are priceless.cash or credit doesnt matter as long as you are not strapping yourself so that you cant use the coach.i have cash to pay for what i usually want ,but i like using opm to keep my options open.plus at least in my case debt keeps me motivated to get up and out everyday,and the dw thinking we have tons of disposable income that she can shop with.
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