Motorhome Financing and Buying Tips Part 2
Just a special note: everything we talked about can also be applied to used motorhome financing and buying. i will dedicate a post to used motorhome financing later on. When we last left off, we were talking to the sales man. After couple of back and forth with the sales men, you will get to the sales manager, this is were you have too stick to your price and no budge. He will go back to the office couple of times and come back with something little less then you wanted. Stick to your guys…if they let you walk that means they can’t do the deal.
If you walk, then you can count on this process as experience. Just go to the next dealer and do the same thing. If the first dealer gives you the price you want, then be happy, but you are not out of the woods yet. Get ready for RV financing.
Motorhome financing can be a tricky part. First, you have to figure out how long you want to finance your RV. Most dealers will offer 8 to 20 years. Once you know how long you want financing, then if you did your homework, you will know if you want your RV financing from the dealers or the bank. If you got financing from the bank then you are pretty much done. If you need financing from the dealer, then the next part is important.
Once inside the finance office you will need to listen to what the finance officer offers you. The next step will be deciding on extended warranty, extra coverage, extra maintenance. Most of the time the Motorhome financing officer will try to give you lower financing rate if you buy an extended warranty, this is where he makes his money.
At this point you are pretty much in the clear. The only thing you have decide is, If you want to haggle over finance rate, extended warranty amount, maintenance contract. Good luck with your purchase.
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