Journey with Confidence RV GPS App RV Trip Planner RV LIFE Campground Reviews RV Maintenance Take a Speed Test Free 7 Day Trial ×
 


Reply
 
Thread Tools Search this Thread Display Modes
 
Old 03-28-2020, 09:34 PM   #1
4 Rivet Member
 
Spaggs's Avatar
 
2022 28' Flying Cloud
GAINESVILLE , GA
Join Date: Jul 2019
Posts: 363
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?
Spaggs is offline   Reply With Quote
Old 09-23-2021, 12:16 AM   #2
2 Rivet Member
 
palo alto , California
Join Date: Sep 2019
Posts: 24
Negative.
airpaloalto is offline   Reply With Quote
Old 09-23-2021, 06:23 AM   #3
2 Rivet Member
 
ShawnSk's Avatar
 
2021 20' Bambi
FREDERICKSBURG , VA
Join Date: Jul 2020
Posts: 50
Rates are going to start going up, not down anymore
ShawnSk is offline   Reply With Quote
Old 09-23-2021, 07:00 AM   #4
Site Team
 
Hans627's Avatar

 
2009 25' FB International
2018 27' Globetrotter
Tavares , Florida
Join Date: Mar 2014
Posts: 3,654
I don't think 0% financing will happen any time soon.
Hans627 is offline   Reply With Quote
Old 09-23-2021, 07:51 AM   #5
3 Rivet Member
 
1989 32' Excella
Sharon Springs , New York
Join Date: Jan 2016
Posts: 172
According to the FED, interest rates will be going up in 2022. Not sure when in 2022 or by how much. We shall see... : (
MAJORJDB is offline   Reply With Quote
Old 09-23-2021, 07:56 AM   #6
Half a Rivet Short
 
2017 30' Classic
2022 Interstate 24X
Carlisle , Pennsylvania
Join Date: May 2017
Posts: 15,674
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
uncle_bob is offline   Reply With Quote
Old 09-23-2021, 08:04 AM   #7
3 Rivet Member
 
Currently Looking...
Join Date: May 2021
Posts: 180
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.
Gotta_Travel is offline   Reply With Quote
Old 11-29-2021, 10:07 PM   #8
New Member
 
2019 30' Flying Cloud
Baker City , Oregon
Join Date: Nov 2021
Posts: 3
Quote:
Originally Posted by Gotta_Travel View Post
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.
Sadly even cars/trucks are basically going for MSRP these days.
firebeyer is offline   Reply With Quote
Old 11-30-2021, 06:01 AM   #9
3 Rivet Member
 
Currently Looking...
Join Date: May 2021
Posts: 180
Quote:
Originally Posted by firebeyer View Post
Sadly even cars/trucks are basically going for MSRP these days.


Yup, and it won’t get better until we get intelligent government leadership to improve the supply chain situation.
Gotta_Travel is offline   Reply With Quote
Old 11-30-2021, 06:04 AM   #10
Rivet Master
 
2016 16' Sport
Miami , Florida
Join Date: Aug 2016
Posts: 1,593
Quote:
Originally Posted by Gotta_Travel View Post
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.
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.
Shiny16 is offline   Reply With Quote
Old 11-30-2021, 06:14 AM   #11
Lost in America
 
mojo's Avatar
 
2015 27' FB International
2006 25' Safari FB SE
2004 19' International CCD
Santa Fe , New Mexico
Join Date: Feb 2007
Posts: 2,151
Quote:
Originally Posted by Gotta_Travel View Post
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.

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

mojo is offline   Reply With Quote
Old 12-01-2021, 06:07 AM   #12
3 Rivet Member
 
Currently Looking...
Join Date: May 2021
Posts: 180
Quote:
Originally Posted by mojo View Post
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.


Exactly. Now it’s either the best negotiated price or they tack on ~$2k-2.5k if you choose 0% offers from the manufacturer.
Gotta_Travel is offline   Reply With Quote
Old 12-01-2021, 06:12 AM   #13
3 Rivet Member
 
Currently Looking...
Join Date: May 2021
Posts: 180
Quote:
Originally Posted by Shiny16 View Post
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.


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.
Gotta_Travel is offline   Reply With Quote
Old 12-01-2021, 06:26 AM   #14
4 Rivet Member
 
Join Date: Oct 2021
Posts: 419
Quote:
Originally Posted by Gotta_Travel View Post
Yup, and it won’t get better until we get intelligent government leadership to improve the supply chain situation.
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.
propchef is offline   Reply With Quote
Old 12-01-2021, 06:46 AM   #15
Rivet Master
 
2009 34' Panamerica
2005 28' Classic
Still , in the thick of it
Join Date: Jan 2018
Posts: 677
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.
panamerican is offline   Reply With Quote
Old 12-01-2021, 06:51 AM   #16
Rivet Master
 
Saluda372's Avatar

 
2021 20' Caravel
Plaistow , New Hampshire
Join Date: Oct 2020
Posts: 710
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 !
Saluda372 is offline   Reply With Quote
Old 12-01-2021, 07:04 AM   #17
Rivet Master
 
tjdonahoe's Avatar
 
2013 31' Classic
billings , Montana
Join Date: Feb 2010
Posts: 3,570
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..
tjdonahoe is offline   Reply With Quote
Old 12-01-2021, 12:51 PM   #18
Rivet Master
 
2016 16' Sport
Miami , Florida
Join Date: Aug 2016
Posts: 1,593
Quote:
Originally Posted by Gotta_Travel View Post
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.
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.
Shiny16 is offline   Reply With Quote
Old 12-01-2021, 01:33 PM   #19
Rivet Master
 
2017 28' International
Jim Falls , Wisconsin
Join Date: Jul 2017
Posts: 2,294
Blog Entries: 1
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.
Daquenzer is offline   Reply With Quote
Old 12-01-2021, 01:48 PM   #20
4 Rivet Member
 
drmox's Avatar
 
2022 22' Bambi
Currently Looking...
Currently Looking...
Currently Looking...
Villa Park , Alabama
Join Date: Nov 2017
Posts: 328
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?
drmox 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
Deduction for Airstream financing CanoeStream Financing 14 11-15-2007 12:30 PM
Talking about tax deduction and financing ernesto ca Financing 5 04-14-2006 12:42 PM
Airstream financing KimW Commercial Listings 16 09-15-2004 12:27 PM
Financing Travel Trailer as 2nd Home Tax Deduction Mrs Silverback Our Community 8 07-11-2003 06:03 PM


Featured Campgrounds

Reviews provided by

Disclaimer:

This website is not affiliated with or endorsed by the Airstream, Inc. or any of its affiliates. Airstream is a registered trademark of Airstream Inc. All rights reserved. Airstream trademark used under license to Social Knowledge LLC.



All times are GMT -6. The time now is 10:18 PM.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.