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03-28-2020, 09:34 PM
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#1
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4 Rivet Member
2022 28' Flying Cloud
GAINESVILLE
, GA
Join Date: Jul 2019
Posts: 363
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0% financing in the near future?
Just wondering if this could actually be an opportunity for Airstream and prospective buyers. I was going to pull money out of my savings, with the blessing of my financial advisor, but now, I have to wait...... Unless?
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09-23-2021, 12:16 AM
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#2
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2 Rivet Member
palo alto
, California
Join Date: Sep 2019
Posts: 24
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Negative.
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09-23-2021, 06:23 AM
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#3
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2 Rivet Member
2021 20' Bambi
FREDERICKSBURG
, VA
Join Date: Jul 2020
Posts: 50
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Rates are going to start going up, not down anymore
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09-23-2021, 07:00 AM
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#4
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Site Team
2009 25' FB International
2018 27' Globetrotter
Tavares
, Florida
Join Date: Mar 2014
Posts: 3,654
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I don't think 0% financing will happen any time soon.
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09-23-2021, 07:51 AM
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#5
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3 Rivet Member
1989 32' Excella
Sharon Springs
, New York
Join Date: Jan 2016
Posts: 172
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According to the FED, interest rates will be going up in 2022. Not sure when in 2022 or by how much. We shall see... : (
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09-23-2021, 07:56 AM
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#6
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Half a Rivet Short
2017 30' Classic
2022 Interstate 24X
Carlisle
, Pennsylvania
Join Date: May 2017
Posts: 15,674
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Hi
Unlike the auto companies, the RV folks generally do not provide financing from the "main office". Any credit deal you get will be from the dealer. I'm quite sure there are dealers out there that would be happy to provide 0% financing ...
mumble ... mumble ... 3% cost of money ... 5 years ... 15% ....
Ok, sir we have your new invoice here, the best deal we can do on this RV is 15% over MSRP
The gotcha being that if the starting point was 10% off MSRP and the credit math works out a bit differently, you might simply pay MSRP. If the dealer started at MSRP and you asked about 0% early on, you may never know.
Bob
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09-23-2021, 08:04 AM
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#7
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3 Rivet Member
Currently Looking...
Join Date: May 2021
Posts: 180
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O% financing is an incentive to increase sales. RV manufacturers already can’t keep up so why would they do it?
Also, car manufacturers don’t give the same discount on their cars if you take 0%. If you want to pay the true lowest price, it’s cheaper to pay cash.
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11-29-2021, 10:07 PM
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#8
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New Member
2019 30' Flying Cloud
Baker City
, Oregon
Join Date: Nov 2021
Posts: 3
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Quote:
Originally Posted by Gotta_Travel
Also, car manufacturers don’t give the same discount on their cars if you take 0%. If you want to pay the true lowest price, it’s cheaper to pay cash.
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Sadly even cars/trucks are basically going for MSRP these days.
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11-30-2021, 06:01 AM
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#9
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3 Rivet Member
Currently Looking...
Join Date: May 2021
Posts: 180
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Quote:
Originally Posted by firebeyer
Sadly even cars/trucks are basically going for MSRP these days.
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Yup, and it won’t get better until we get intelligent government leadership to improve the supply chain situation.
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11-30-2021, 06:04 AM
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#10
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Rivet Master
2016 16' Sport
Miami
, Florida
Join Date: Aug 2016
Posts: 1,593
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Quote:
Originally Posted by Gotta_Travel
O% financing is an incentive to increase sales. RV manufacturers already can’t keep up so why would they do it?
Also, car manufacturers don’t give the same discount on their cars if you take 0%. If you want to pay the true lowest price, it’s cheaper to pay cash.
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That’s not necessarily true. My most recent auto purchase was a much better deal
At 4. something % then for cash. I assume the dealer gets some kind of bonus from the bank.
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11-30-2021, 06:14 AM
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#11
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Lost in America
2015 27' FB International
2006 25' Safari FB SE
2004 19' International CCD
Santa Fe
, New Mexico
Join Date: Feb 2007
Posts: 2,151
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Quote:
Originally Posted by Gotta_Travel
Also, car manufacturers don’t give the same discount on their cars if you take 0%. If you want to pay the true lowest price, it’s cheaper to pay cash.
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If you negotiate the price first based on a cash purchase and then bring up the corporate 0% offer, you can get a great deal....but that was before the pandemic and chip shortage.
__________________
This is the strangest life I've ever known - J. Morrison
2015 Airstream International Serenity 27FB
2017 Chevy Silverado 2500HD Duramax Diesel
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12-01-2021, 06:07 AM
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#12
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3 Rivet Member
Currently Looking...
Join Date: May 2021
Posts: 180
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Quote:
Originally Posted by mojo
If you negotiate the price first based on a cash purchase and then bring up the corporate 0% offer, you can get a great deal....but that was before the pandemic and chip shortage.
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Exactly. Now it’s either the best negotiated price or they tack on ~$2k-2.5k if you choose 0% offers from the manufacturer.
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12-01-2021, 06:12 AM
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#13
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3 Rivet Member
Currently Looking...
Join Date: May 2021
Posts: 180
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Quote:
Originally Posted by Shiny16
That’s not necessarily true. My most recent auto purchase was a much better deal
At 4. something % then for cash. I assume the dealer gets some kind of bonus from the bank.
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Yes, different story if you use a bank. Add up that 4.something %. I’ll bet it exceeds the discount. I’d try to pay off early. My experience is nothing comes free.
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12-01-2021, 06:26 AM
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#14
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4 Rivet Member
Join Date: Oct 2021
Posts: 419
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Quote:
Originally Posted by Gotta_Travel
Yup, and it won’t get better until we get intelligent government leadership to improve the supply chain situation.
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Politicians, as much as they'd like to (and claim that they can), cannot control international market forces like we're seeing now. Supply is down, demand is up, so prices rise. The dark side of Capitalism. Interjecting government deeply into price controls and market flow isn't a very good idea since this is the basis for political systems vehemently opposed and vilified in this country. We'll have to let the market settle down on its own.
We won't likely see 0% on RVs, but rates remain very low and easy to get.
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12-01-2021, 06:46 AM
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#15
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Rivet Master
2009 34' Panamerica
2005 28' Classic
Still
, in the thick of it
Join Date: Jan 2018
Posts: 677
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Well, there are gov actions that can and have been taken. For example, the extension of unemployment benefits. This was a boon for some, while a good deal of others took avantage of it and found it was more lucrative to collect unemploy benefits than to work. Add to the fact that the pandemic really made us take a hard look at why we bust our behinds so hard when most of the rest of the world gets the job done, but with far less hours put in- in some places. On top of all that, the pandemic in addition to the above mentioned took a section of the workforce out which had a domino effect.
Bottom line, with inflation getting out of control, you will NEVER see anywhere near 0% on a vehicle purchase unless you take a loan from a family member that gives you a 0% int loan. In times of inflation, raising interest rates is the gov tool, just as lowering was during a recession/depression.
We've been printing money for decades. Eventually there is no more room to kick the can down the road, we're in a real pickle here. The great retirement, supply chain issues up and down the entire chain, reliance on foreign manufacturing, inflation out of control- take your pick and this list is not exclusive.
It's going to get a lot worse before it gets better, so sorry, 0% in this econ is nothing more than a pipe dream, let alone most manufacs sell anything they can get off the line.
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12-01-2021, 06:51 AM
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#16
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Rivet Master
2021 20' Caravel
Plaistow
, New Hampshire
Join Date: Oct 2020
Posts: 710
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With so much going up and the supply problems going on I'd be surprised to see
0 % anything (other than salary increases).
__________________
Learning and enjoying as we go !
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12-01-2021, 07:04 AM
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#17
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Rivet Master
2013 31' Classic
billings
, Montana
Join Date: Feb 2010
Posts: 3,570
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Zero percent financing?…don’t believe it there is no such thing as free money…the interest is hidden in the price….Every one is concerned about the prices..they keep buying and the suppliers can’t keep up…even the refinery’s are running full bore..
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12-01-2021, 12:51 PM
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#18
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Rivet Master
2016 16' Sport
Miami
, Florida
Join Date: Aug 2016
Posts: 1,593
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Quote:
Originally Posted by Gotta_Travel
Yes, different story if you use a bank. Add up that 4.something %. I’ll bet it exceeds the discount. I’d try to pay off early. My experience is nothing comes free.
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I took the financing because I got a better price then paying cash. Paid in full the next day. Problem solved. The dealer got what ever they get from the bank and I got the price that they wouldn’t give me if I paid cash.
Now it’s true 0% because I just pay myself back.
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12-01-2021, 01:33 PM
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#19
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Rivet Master
2017 28' International
Jim Falls
, Wisconsin
Join Date: Jul 2017
Posts: 2,294
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I think dealers get some kind of kick back when financing is involved. You would think there would be some requirement to disclose it, and maybe it is somewhere deep in the fine print. But when I bought my last pickup I paid cash. I bought it just when the pandemic was starting and got an incredible deal. Probably won’t see that kind of a deal ever again. I did notice that RAM has a 0% financing offer on some 1/2 tons.
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12-01-2021, 01:48 PM
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#20
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4 Rivet Member
2022 22' Bambi
Currently Looking...
Currently Looking...
Currently Looking...
Villa Park
, Alabama
Join Date: Nov 2017
Posts: 328
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Paying for a new vehicle with cash can be the best option, but it's also smart to keep an eye on your opportunity cost.
If they are offering a financing rate of 0%, or even something like 1 or 2%, how much better could a smart financial mind do with $60k over the course of five years?
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