Reply
 
Thread Tools Search this Thread Display Modes
 
Old 01-22-2016, 07:02 PM   #1
1 Rivet Member
 
The Woodlands , Texas
Join Date: Jan 2016
Posts: 16
Question The Perfect Opportunity

Hello all,

Today my fiance and I went to view an AS near us, and have found exactly what we have been looking for! It is perfect for our lifestyle and tastes. Feels homey without being too big or too small. We already have a plan ready to put into action if we can get it!

Of course, the reason I am posting isn't about feel-goodsy things - the reason is what everyone hates the most to encounter - monetary issues. The problem we face is that the line of credit I have been given from a family member is for 10k, and I just found out they can't lend any more than that. That leaves a difference of 20k. Neither of us have sufficient credit for a loan, don't have any assets, we are essentially just starting out together. We both have very well paying jobs that we can work from anywhere with, so have no problem paying anything off, but of course that is not enough for any financial institution. We can easily pay it off in 4 years even at 8-10%..

What ideas can the community gather for me? Any advice other than "forget it, wait 'til you're retired"?

Also found out how ridiculous the NADA guides estimates are on AS, wowee!! It would be so convenient if there were an private lender for Airstreams or something. Wishful thinking.

Need guidance, as this would be our greatest opportunity - we have found day to day life in the suburbs thoroughly depressing and are yearning for adventure and new experiences.
__________________

__________________
Alexandra is offline   Reply With Quote
Old 01-22-2016, 07:44 PM   #2
Rivet Master
 
DanB's Avatar
 
1970 23' Safari
2005 30' Classic
1986 31' Sovereign
Lorain , Ohio
Join Date: Dec 2005
Posts: 1,616
Images: 9
Tough call. No credit, no cash, and you are borrow 1/3 already. Are you bringing anything to the table?

Sounds like one of the only options is possible seller financing, but thats a huge longshot.

Any change for borrowing against your retirement?

Only other suggestion is to buy a 10k trailer for now, pay it off and save for 3 years. Chances are you will probably be able to sell it for 8k and apply to the next level trailler.

Hate to say it, but sounds like you might have to bank some time first. I bought the big expensive trailer before age 50. I understand wanting the nice stuff!
__________________

__________________
DanB
________________________________
Proud Member of the Wally Byam Airstream Club #24260

www.campnova.com

The “Ohio Airstreamer -- Informal forum for weekend camping” thread.
DanB is offline   Reply With Quote
Old 01-22-2016, 08:11 PM   #3
TinCan
 
graysailor's Avatar

 
2016 30' Classic
Apache Junction , Arizona
Join Date: Aug 2011
Posts: 798
You just have to put in more time and save. Sounds as though in a couple of years of work and savings you could get whatever you want.
__________________
TinCan
graysailor is offline   Reply With Quote
Old 01-22-2016, 08:16 PM   #4
4 Rivet Member
 
1973 31' Sovereign
Middletown , California
Join Date: Oct 2015
Posts: 424
I would advise to buy what you can afford now and save up by living cheaply. I don't like to support banks or insurance companies if I can avoid it. Maybe you can join a good credit union in your area and build some karma with them over the next year or two and step up a little sooner but it's hard to beat living within your means. Just pack as much living as you can into your life while you are young because it will go by quicker than you can believe! Leland
__________________
ijustlee is offline   Reply With Quote
Old 01-22-2016, 08:50 PM   #5
Rivet Master
 
2015 30' FB FC Bunk
Ayer , Massachusetts
Join Date: Nov 2013
Posts: 886
Can you get a loan with a cosigner?

If you are that strong with income, then maybe trade the $10k family note for a cosign on a $30k bank note. They lend you nothing but the amount you borrow is the same.
__________________
Ted S. is offline   Reply With Quote
Old 01-22-2016, 09:18 PM   #6
Rivet Master
 
dkottum's Avatar
 
2012 25' Flying Cloud
Battle Lake , Minnesota
Join Date: Jun 2009
Posts: 7,716
If you want this badly and have good jobs you should be able to save the money in a short time. Will you need to buy a tow vehicle too?
__________________

__________________
Doug and Cheryl
2012 FC RB, Michelin 16, ProPride 1400
2016 Ram 1500 Laramie Crew Cab 4X4 Ecodiesel 3.92 axles

The Truth is More Important Than the Facts
dkottum is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Must cancel Key Largo ... opportunity maxandgeorgia On The Road... 2 12-23-2008 08:13 AM
Unexpected opportunity? Hawkeye5 All Argosy Trailers 17 04-06-2008 08:55 PM
Passed on the opportunity. Sneakinup Our Community 3 09-15-2003 05:13 AM


Virginia Campgrounds

Reviews provided by




Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -6. The time now is 05:01 PM.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, Jelsoft Enterprises Ltd.

Airstream is a registered trademark of Airstream Inc. All rights reserved. Airstream trademark used under license to Social Knowledge LLC.