2014 purchase advice

[connor2002]

Well I have found a a deal on a 2014 38b expedition I think and looking for a yes no from the forum...

1. purchase price is 40 percent off true msrp (advertised loss leader) of 258K
2. coach is over a year old as far as manufacture date


I have a trade but the value is low (actual cash value) from the dealer however they are giving me a low apr (sub 4 percent).

If we use the 25-30percent off rule the additional 10-15 percent off is gone with the negative equity on my trade (which I purchased 25 percent off in 2006).

I feel the deal is ok but i am "starting over" at 25 percent discount net after the trade if that makes since and i will not be in a better postiton 8- 10 years from now.

However if I applied the same logic on a non ad coach assuming a 20-25 percent off msrp, I would net 10-15 percent off msrp after negative equity and would be really upside down 10 years from now.

as far as monthly payments are concerned we are 50 bucks a month apart as of now and I feel we can "split" the difference.


the manufacture date of the coach is March 2013 and is "new" . If we come to an agreement this is what I would want done, let me know what I am missing as far as Freightliner's 1 year service schedule

1. oil change
2 fuel filter change
3 hydrometer test on batteries replace as needed
4 complete chassis lube per freightliner
5 onan 1 year oil and filter change

please let me know what you think

PS.....

Is there enough power with the 6.7 cummins 360hp 800 lbs of torque?

This is my third rv

2006 ww toyhauler
2006 bounder 32w

[akeyzoo]

Interesting choices to be made for sure. Others may chime in on purchasing a coach that has sat that long. Obviously start at batteries too. I would want to confirm they perform under load, not sure specific gravity tells the whole story.

A piece of advice worth the internet I typed it on. Take this for the nothing it is worth. Try your damndest to stay out of the negative equity situation. You can do this by either bringing more cash to the table AND/OR choosing a shorter loan duration (I would personally never consider over 10 years!) OR staying with the coach you have.

Making decisions based primarily on the amount of the monthly payment can easily lead you into a situation where you always have a monthly payment. I prefer the idea of having things paid off where possible and appropriate.

Can you afford this coach with an 8 year note? Maybe that is a good place to start. Reality is an 8 year note likely helps you avoid ever being upside down (by much) AND will allow you to own the coach while it still has life on it.

Chris

[brian-nicola]

Not sure of your location, but for that price where we are you can have a 2013 Discovery 40x USD 239,000 and 35B's for USD 226,000. If they have a model on their lot that long, then they have pretty much lost their flooring and the unit will be costing them money and any factory love probably gone. Having new old stock on the lot can also affect what they can order in new inventory from the factory as well.

As for the money, I guess it really comes down to difference paid and stay in equity position,

I would add a complete freightliner service, not just lube, including oils, fluids, filters, AC charge, etc
Batteries load tested
Generator service
Replace wiper blades (probably hard as a rock)
Any recalls dealt with

Good luck!

[mojoracing]

I think what the OP meant was 40% off of the 258000.00 or roughly a purchase price of 155000.00. That is a great deal! That being said, now look at your trade. Forget about what you owe for right now. How much are they giving you for your trade? Is it within nada pricing? If it is somewhere in range and you are happy with it then consider the trade portion of the deal done. Now, your payoff is your payoff. 155000k less your trade value plus any tax title license and your payoff should be the amount financed. Run a payment using a reliable payment calculator and if you are happy with and can afford the payment, go for it. Are you going to be in a better spot as far as equity down the road? Depends on the term of your new loan. Again the shorter the better. Lets face it, nobody buys these things as an investment. You just want to be able to get out of it if you need to should an emergency arise. Two ways to fix that, money down or shorter term.

[connor2002]

Originally Posted by mojoracing

I think what the OP meant was 40% off of the 258000.00 or roughly a purchase price of 155000.00. That is a great deal! That being said, now look at your trade. Forget about what you owe for right now. How much are they giving you for your trade? Is it within nada pricing? If it is somewhere in range and you are happy with it then consider the trade portion of the deal done. Now, your payoff is your payoff. 155000k less your trade value plus any tax title license and your payoff should be the amount financed. Run a payment using a reliable payment calculator and if you are happy with and can afford the payment, go for it. Are you going to be in a better spot as far as equity down the road? Depends on the term of your new loan. Again the shorter the better. Lets face it, nobody buys these things as an investment. You just want to be able to get out of it if you need to should an emergency arise. Two ways to fix that, money down or shorter term.

OK plan "b" I am liquid to pay off old loan, Now I can get the the new coach at the great discount and then sell/consign the trade. The gamble is in the sale of the bounder. The dealer is offering 50 percent less then the asking price of models on the model in on rv trader. I see the asking price 60-70k on like models. nada low retail is between 45-55k... dealer offered 29k

[connor2002]

Originally Posted by brian-nicola

Not sure of your location, but for that price where we are you can have a 2013 Discovery 40x USD 239,000 and 35B's for USD 226,000. If they have a model on their lot that long, then they have pretty much lost their flooring and the unit will be costing them money and any factory love probably gone. Having new old stock on the lot can also affect what they can order in new inventory from the factory as well.

As for the money, I guess it really comes down to difference paid and stay in equity position,

I would add a complete freightliner service, not just lube, including oils, fluids, filters, AC charge, etc
Batteries load tested
Generator service
Replace wiper blades (probably hard as a rock)
Any recalls dealt with

Good luck!

How can I find out if the full service was performed? salesman said that it would all be done but I can't get it in writing?

[akeyzoo]

Originally Posted by connor2002

How can I find out if the full service was performed? salesman said that it would all be done but I can't get it in writing?

Hit all the filters with a sharpie??