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Old 10-02-2019, 01:34 PM   #21
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Originally Posted by Mansderm161 View Post
I was at the factory last month. They told me list price on the new Atlas was $260K.
$260K U.S. is $350K Canadian. and they still sell here! At 20 year loan is $1030 Bi Weekly = $2,185,000
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Old 10-02-2019, 04:55 PM   #22
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$260K U.S. is $350K Canadian. and they still sell here! At 20 year loan is $1030 Bi Weekly = $2,185,000
What? Check your math. Those payments would "ONLY" be $535,600.

I ran a calculation for a 5%, 20 year loan to buy that Advanced RV at $328,000, no down payment.

The monthly payment would be $2164.65 for 240 months = $519,516. But it is unlikely you would keep it for 20 years.

So if you kept it for say, eight years you would make 96 payment for $207,806, with an outstanding loan balance of over $234,000. If you could then sell it back to ARV for $90,000 your total cost would be about $352,000.

OK - I see why people might do this - that isn't too bad a premium for owning such an RV for eight years.
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Old 10-03-2019, 08:32 PM   #23
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Originally Posted by Boxster1971 View Post
So if you kept it for say, eight years you would make 96 payment for $207,806, with an outstanding loan balance of over $234,000. If you could then sell it back to ARV for $90,000 your total cost would be about $352,000.

OK - I see why people might do this - that isn't too bad a premium for owning such an RV for eight years.
That's a joke, right? Losing $352,000 in eight years... on purpose? I tell you what... just send it to me instead, and we'll call it square.
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Old 10-03-2019, 08:47 PM   #24
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Originally Posted by Shacksman View Post
$260K U.S. is $350K Canadian. and they still sell here! At 20 year loan is $1030 Bi Weekly =
Sorry Bi weekly would only be 28 payments a year x 20 so only $576,800 if financed
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Old 10-04-2019, 10:41 AM   #25
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That's a joke, right? Losing $352,000 in eight years... on purpose? I tell you what... just send it to me instead, and we'll call it square.
Yes - it was a bit of sarcasm.

If one bought that same $328,000 ARV with cash (assuming you had it) and kept it for 8 years; then sold it for $90,000 the net cost would be $238,000 over those 8 years. Or $114,000 less compared to financing for 8 years on a 20 year loan in my previous example.

Just trying to point out the cost of financing an RV for 20 years. Problem is those first 8 years of the loan are mostly interest. Same goes for financing a home. I always got 15 year home loans and added additional premium each month to accelerate paying down the principal. Of course this all assumes you are buying within your means.

Still all too rich for me.
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Old 10-04-2019, 11:28 AM   #26
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Yes - it was a bit of sarcasm.

...then sold it for $90,000...

Of course this all assumes you are buying within your means.

Still all too rich for me.
At eight years old and $90k, it's STILL to rich for me!

When it gets to oh... say... $20k, give me a call!

I'm the guy who isn't willing to potentially have to spend $10k on routine maintenance and emissions issues over the NEXT five years for an NCV3-chassis 2014 Great West with 37k miles priced at $68k. The price is right... the potential for maintenance expenses sure isn't!
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Old 10-13-2019, 04:24 PM   #27
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Quote:
Originally Posted by Boxster1971 View Post
Buying a quarter-million dollar RV requires financing for most people. With that thought I saw this article in WSJ about how people are buying cars they can't afford using long term financing.



https://www.wsj.com/articles/the-sev...e002689b40d3b1



"The Seven-Year Auto Loan: Americaís Middle Class Canít Afford Its Cars

Inexpensive and generous financing is putting consumers deep in debt"




For RVs some people are using 20 year loans. Seems crazy to me.




Each of us comes at the RV buy process with a different objective and often a unique perspective.

For example - I ALWAYS 20 year finance our RVís and I Click image for larger version

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ID:	354180Attachment 1always sell in less than 12 months (discussed at length in the Ninja #8 thread) our payment is less than a Suburban or Yukon payment.

Our selling price has exceeded our acquisition cost, with almost every van purchase. Enhanced by a very good buy price from a great dealer. See Ninja #8 thread.

Thatís one example of ROI.

Hereís another:

Whatís the value of a great family adventure? Since all our ASIís have been black lounges itís kinda funny to see my now college freshman 5 years ago at the van, and now enjoying fried chicken and waffles here as an 18yr old.

Whatís the value of time with people you care about as you invest in your relationship?

I disagree with comments about fools money, and the Interstate as a depreciating asset. Sure thatís a generalized statement, and a popular misconception. My objective here is to offer a different perspective.

I value the ASI adventures with my son, daughter, wife or all together. My family, who travels with me are the most important part of my life. And well worth this ďinvestmentĒ in our relationship.

Just because you canít measure something - doesnít mean it isnít of value.

Plus - how many hotel room dollars do you save using your Interstate?

Whatís the after tax equation look like for you with deductions such as depreciation or interest expense?

Sure there may be an opportunity cost relative to the $ís being invested somewhere else... but I could say the same about relationships. If you donít spend time with your family - whatís that scenario look like?


We see our ASI van as a tool which contributes to our family and my business exceptionally well. Personally, we donít take any deductions with the ASI vans. To much capturing and recapturing depreciation and the numbers arenít significant (plus I donít want to hear my accountant whine).


To me - money is a medium of exchange and both airplanes and our ASI contribute an immeasurable ROI.

For those whoíve bought and held your units for a long time - Kudos to you. As the new models continue to climb, The resale market will be buoyed nicely (your benefit) and each month the ďutilityĒ of your ASI hasnít diminished one bit.


Propping up the used market:
Weíve seen this in the Cirrus Aircraft market since 2003, when an aircraft delivered for under $300k, and now in. 2019 when a new aircraft (with similar utility) delivers for between $850k-$1m each. Great value retention for the early 2003buyers, and the same can be said for the 2019 owners when the 2033 Cirrus models are released.


Fools Money - one last reminder. Take a look in the mirror every time we judge someoneís purchasing decision.

I have someone who bought a van from me, because he had someone whom he was remarkably close to diagnosed with 6 months to live. He quit his job, bought the van and spent 7 months with his family member traveling around the US. He sold the 4wd van in Colorado after the continental US trip for exactly what he paid for the van. And he has a remarkable photo album of the time he and his father spent fishing, talking, seeing North American sites, and most of all laughing together.

Priceless.
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Old 10-14-2019, 03:10 PM   #28
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Quote:
Originally Posted by ScottP View Post
Each of us comes at the RV buy process with a different objective and often a unique perspective.

What’s the value of a great family adventure? Since all our ASI’s have been black lounges it’s kinda funny to see my now college freshman 5 years ago at the van, and now enjoying fried chicken and waffles here as an 18yr old.

What’s the value of time with people you care about as you invest in your relationship?

I disagree with comments about fools money, and the Interstate as a depreciating asset. Sure that’s a generalized statement, and a popular misconception. My objective here is to offer a different perspective.

I value the ASI adventures with my son, daughter, wife or all together. My family, who travels with me are the most important part of my life. And well worth this “investment” in our relationship.

Just because you can’t measure something - doesn’t mean it isn’t of value.
Of COURSE everyone's perspective is different... however I cannot equate the amount of money spent on an RV with the value of the time spent with the people.

Our kids grew up traveling... first in a '70 Safari 23' trailer, then a '61 Bambi 16... then a 325 motorhome, all of them 20-40 years old when I bought them. I spent $2,000 on the Safari, $1100 on that '61 Bambi, and $25k on that 325 moho.

I would challenge you that your family memories are somehow more rich or retold more fondly than my family's because your RVs were new. And that's my point. I, too, buy my RVs so as to max out my ROI and in thirty years and nearly as many RVs lost money ONLY on a Bigfoot 25' trailer because I bought it new. After nine years, it returned all of its costs but about $9k. Not too bad. All the rest I resold. Actually I paid cash for that $36k 2006 Bigfoot with money I'd made off other RVs, so I really didn't LOSE anything in that deal either... but that's another story for another day.

BUT, what about all those $80k B-vans on the market that aren't selling? Folks lost $40k-$80k on them in five years... and the market for five year old, $80k B-vans is very weak. Those folks are not as fortunate as you have been.

I'm pleased you've found your niche, as have I, but most are not so fortunate, nor do they have the income to support flipping their coach annually; and quite honestly I'm a little increduluous that you can flip your new coach at a year old for what you have in it... you must have a very special relationship with your dealer.
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Old 10-15-2019, 03:28 PM   #29
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Hi

I agree, a glut of similar units in the marketplace leads softer resale value of 2012-2018 2wd units. There's no differenitation except for price unless you "Wachuko" your unit and document all the improvements (new urban dictionary term is Wachuko).

It is just my experience (and my strategy) to always buy something in short supply like 4wd. What I am surprised by is people actually will buy black on black, 9 passenger lounges, which is how all of our units have been configured

Marketing Opportunity:

I should mention to anyone trying to sell your 2wd unit. The dog show circuit is a remarkably lucrative market if you own a lounge unit. Three of our past 2wd sales have gone to dog show folks who remove the second row of seats and lock down their dog crates to the floor. All have been sold to women who travel the dog show circuit, who want to be self contained with their dogs whilst traveling.

Good luck to anyone selling - theres a remarkably large market of aging buyers who are credit worthy and ready for something like an ASI to wander the country in.
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Old 10-15-2019, 05:45 PM   #30
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...a product for everyone

There are folks that will only buy things new, because they place high value on being the first ones to use something, be it houses, cars, RV's, etc.....Praise God those people exist! We need them !

There are also those of us, (Dave Ramsay Graduates) who have decided that living debt free is the supreme goal, and we equally enjoy paying cash, for those things, after they are a few years old......

My philosophy is, "Even if you buy it new, after 2 years, its a used two year old car!"....and you could have saved 50% of the new price, by buying it slightly used, and paid cash for it.....thats just me, but I don't see any reason to make the banks more prosperous.....I will keep that money in my pocket, and enjoy that prosperity myself !
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