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Old 05-02-2018, 01:51 AM   #1
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Anyone find that paying cash for their RV meant paying a higher sales price? I am looking at Class B vans on a popular RV dealer site and often I see the note that the price is conditioned on the buyer arranging financing through them.
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Old 05-02-2018, 02:18 AM   #2
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Anyone find that paying cash for their RV meant paying a higher sales price? I am looking at Class B vans on a popular RV dealer site and often I see the note that the price is conditioned on the buyer arranging financing through them.
Of course. Financing is a huge profit generator for all vehicle retailers. Only thing better is selling extended warranties.
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Old 05-02-2018, 02:12 PM   #3
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Go ahead and finance and a month later pay off the bank.

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Old 05-02-2018, 02:24 PM   #4
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Go ahead and finance and a month later pay off the bank.
Just check the contract to make sure there isn't a pre-payment penalty.

But I would guess that if it was a choice of seling to you for the lower price or NOT selling to you at all, they would figure out an "exception" to the financing policy...
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Old 05-02-2018, 02:35 PM   #5
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Go ahead and finance and a month later pay off the bank.

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Prepayment penalties are very common in those types of situations, and usually very well hidden in the contract fine print. Salesmen will also have not problem in telling you there is no early pay penalty, when there is, so be very careful.
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Old 05-02-2018, 03:11 PM   #6
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conditioned on the buyer arranging financing through them.
It might only have to do with using their financing vs. using your own personnal bank. So I would definately try to get a better price when paying cash!

But whether that's the main focus of the fine print or not, all of the above comments apply too.
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Old 05-07-2018, 03:14 PM   #7
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I was a sales manager for ten years, Ive never heard of that. My advice is to finance it and pay it off, as long as the % rate isn't to extreme, don't listen to the sales guy or finance guy( very unfortunate as i was always honest) ask for a blank contract sit down and read the back of it. the beginning of the fine print will always be in bold letters, lawyers fixed that for buyers years ago. that being said I've never seen a loan with a pre pay penalty.
If anybody ever needs auto finance advice you can PM me.
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Old 05-07-2018, 04:05 PM   #8
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Slippery sales people. All it takes is one bad seed to ruin it for the rest and forever have a stereotype in that profession. I say always deal with a reputable dealership where there reputation precedes them. If the case, it’s worth the slightly higher price IMO.
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Old 05-07-2018, 04:26 PM   #9
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My family and friends use me when buying a vehicle,I research exactly what is wanted, and I know the exact price I want to pay(this includes factory finance rate and trade value) when I walk into a dealer, I tell the salesperson up front kindly what I expect, and its a one shot deal.Ive always have left feeling ahead of the game
some tips
If they ask to make a copy of your D.L. or take your trade in keys so your vehicle can be inspected, I tell them I want these items back ASAP. Its rare tactic, but annoying.
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Old 05-07-2018, 08:59 PM   #10
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I was a sales manager for ten years, Ive never heard of that. My advice is to finance it and pay it off, as long as the % rate isn't to extreme, don't listen to the sales guy or finance guy( very unfortunate as i was always honest) ask for a blank contract sit down and read the back of it. the beginning of the fine print will always be in bold letters, lawyers fixed that for buyers years ago. that being said I've never seen a loan with a pre pay penalty.
If anybody ever needs auto finance advice you can PM me.
I dimly recall that not all these loans are structured the same way with respect to interest. I think some loans were structured to use average balance but other loans used something called the Rule of 78 the result being that even well into the load period, if you paid it off, your previous payments were directed mostly toward interest and when paying off the loan you had to come up with close to the original principal. Can you clarify this?
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