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01-21-2017, 10:21 PM
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#1
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Junior Member
Join Date: Sep 2016
Location: Towaco,NJ
Posts: 13
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Interest rate for Newmar's at the Tampa RV show.
Does anyone know if North Trail was offering 3.99% for 20 years on Newmar's at the Tampa show. That was the rate at the Hershey show.
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01-21-2017, 10:39 PM
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#2
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Senior Member
Country Coach Owners Club Solo Rvers Club iRV2 No Limits Club
Join Date: May 2011
Location: Vancouver, WA
Posts: 37,725
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Newmar Corp does no financing themselves. Dealers at the show may offer special rates.
__________________
2009 45' Magna 630 w/Cummins ISX 650 HP/1950 Lbs Ft, HWH Active Air
Charter Good Sam Lifetime Member, FMCA,
RV'ing since 1957, NRA Benefactor Life, towing '21 Jeep JLU Rubicon Ecodiesel
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01-22-2017, 12:26 PM
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#3
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Senior Member
Newmar Owners Club Freightliner Owners Club iRV2 No Limits Club
Join Date: Nov 2016
Location: Tucson, Arizona
Posts: 1,580
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Also, be advised your personal credit rating may or may not affect the actual percentage rate you are offered. I really over did it when shopping loan rates but, it revealed one clear winner which was USAA. If you are former military check them after you check the rest. You must be a member of USAA and it doesn't cost anything to join them if you meet the former or active military criteria.
__________________
Our Blog - Wandering Toes
Our Coach - 2005 Newmar Northern Star | 350 Cat C7 3126 | Freightliner XC Chassis
2018 Jeep Renegade Trailhawk
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01-22-2017, 12:37 PM
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#4
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Senior Member
Country Coach Owners Club Solo Rvers Club iRV2 No Limits Club
Join Date: May 2011
Location: Vancouver, WA
Posts: 37,725
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Looks like the OP changed his original post since I answered it because what's there is not the original question.
__________________
2009 45' Magna 630 w/Cummins ISX 650 HP/1950 Lbs Ft, HWH Active Air
Charter Good Sam Lifetime Member, FMCA,
RV'ing since 1957, NRA Benefactor Life, towing '21 Jeep JLU Rubicon Ecodiesel
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01-22-2017, 03:11 PM
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#5
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Senior Member
Newmar Owners Club Freightliner Owners Club iRV2 No Limits Club
Join Date: Nov 2016
Location: Tucson, Arizona
Posts: 1,580
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Yup, he sure did change it.
__________________
Our Blog - Wandering Toes
Our Coach - 2005 Newmar Northern Star | 350 Cat C7 3126 | Freightliner XC Chassis
2018 Jeep Renegade Trailhawk
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01-22-2017, 03:14 PM
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#6
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Registered User
Join Date: Nov 2016
Location: indio california
Posts: 963
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Quote:
Originally Posted by Mr_D
Looks like the OP changed his original post since I answered it because what's there is not the original question.
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I simply can not(in my world) understand why anyone would ever finance a
motor home over 20 years ?
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01-22-2017, 08:23 PM
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#7
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Senior Member
Join Date: Mar 2005
Location: Northern Oklahoma
Posts: 5,062
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Quote:
Originally Posted by select55
I simply can not(in my world) understand why anyone would ever finance a
motor home over 20 years ?
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That's what I thought when they started financing new cars for 6-8 years, but i guess as long as the monthly payment is low enough the total cost over the years is immaterial. Probably the reason some end up underwater on their vehicle.
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01-23-2017, 06:49 AM
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#8
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Senior Member
Ford Super Duty Owner
Join Date: Oct 2012
Location: Back at my acreage in S.D.
Posts: 217
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Why finance RV for 20 years?
Maybe some are not independently wealthy and can pay in cash?
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01-23-2017, 07:10 AM
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#9
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Senior Member
Fleetwood Owners Club Ford Super Duty Owner
Join Date: Jun 2012
Location: SoCal
Posts: 15,749
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With low I retest rates, and maybe tax advantages, for some folks financing could be cheaper than paying cash.
__________________
Vince and Susan
2011 Tiffin Phaeton 40QTH (Cummins ISC/Freightliner)
Flat towing a modified 2005 Jeep (Rubicon Wrangler)
Previously a 2002 Fleetwood Pace Arrow 37A and a 1995 Safari Trek 2830.
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01-23-2017, 07:44 AM
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#10
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Senior Member
Fleetwood Owners Club
Join Date: Jan 2012
Location: Central, Ohio
Posts: 512
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Quote:
Originally Posted by select55
I simply can not(in my world) understand why anyone would ever finance a
motor home over 20 years ?
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I guess I missed the OPs question on whether he should finance a motor home for 20 years or not.
__________________
2006 Discovery 39L-2008 Honda CRV
Bud, Sharon, Cody (Grandson) Sophie, Attack Trained Cockapoo
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01-23-2017, 07:52 AM
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#11
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Senior Member
Join Date: Oct 2014
Location: Port Orchard, WA
Posts: 4,215
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Quote:
Originally Posted by select55
I simply can not(in my world) understand why anyone would ever finance a
motor home over 20 years ?
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If you can get a 20 year note on a new coach at 3.99%, but your investments earn 8.00% to 11.63% as mine did last year, it makes all the sense in the world to finance at 3.99%! That additional 3.01% to 7.74% interest you made on the amount financed would add up to some serious money after 20 years!
That said, we paid cash for our coach as the loan on a used coach would NOT be at 3.99%.
__________________
Scot & Laura Kellersberger, U.S. Army (ret)
Newmar 4 wheel drive Dutch Star 3891, SOLD
Now RV'ing on the water in a Trawler!
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01-23-2017, 03:30 PM
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#12
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Senior Member
Join Date: Aug 2013
Location: Denver
Posts: 818
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Keeps the payment down duh... used units typically are much shorter term like 12 years and height interest than what dealers can provide. This is really true for private sellers. Better prices but worser financing.
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2017 WGO Fuse
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01-23-2017, 03:49 PM
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#13
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Senior Member
Newmar Owners Club
Join Date: Jun 2015
Location: Cajun Country, Louisiana
Posts: 250
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Never forget that RV dealerships could also be disguised as finance companies!
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01-23-2017, 03:58 PM
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#14
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Registered User
Join Date: Nov 2016
Location: indio california
Posts: 963
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Quote:
Originally Posted by Hit_the_Rhod
If you can get a 20 year note on a new coach at 3.99%, but your investments earn 8.00% to 11.63% as mine did last year, it makes all the sense in the world to finance at 3.99%! That additional 3.01% to 7.74% interest you made on the amount financed would add up to some serious money after 20 years!
That said, we paid cash for our coach as the loan on a used coach would NOT be at 3.99%.
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that's certainly possible and one way of looking at it however what if the 350K u have invested hits a down market like we have seen as many times as good markets and you loose 15% ?
one thing I have never ever done is count on stock markets to finance my life style or my house or my MH payments or otherwise.
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