RV Industry UPDATE. RV Factories Do not Want you to know this Info

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Published 2023-12-01
Boy this Video is going to get me in Big Trouble with the RV Factories. They do not want you to have this information. So this RV industry Update may cost me my standing and may get me blacklisted from information.

That being said, you deserve this information so you can make a smart and good choice for you and your family when it comes to buying a travel trailer, toyhauler, motorhome, or 5th wheel. I will also be talking about RV loans, and financing. RV Financing is getting a little complicated right now! So I am going to go over that. As well as parts, service, and the Used RV Market.

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All Comments (21)
  • @threeftr3349
    The cheapest RV and vehicle out there is the one you own free and clear. That applies to everything you own. Take care of your stuff, and you will save thousands. 👍
  • @TPWW-tr3rr
    TRAVEL WHILE YOU HAVE YOUR HEALTH. NO GUARANTEES. WE KNOW FROM EXPERIENCE. GOD BLESS!!!
  • @captnawty7966
    wow, an honest man with a review of the current RV industry. I wished that I would have found you prior to purchasing our Grand Design 2021 351m Momentum during covid. I thought that I knew a lot about RV's, especially the Grand Design line. "NOPE" the biggest dumb thing that I did was purchase a five year extended warrantee, NOT WORTH THE PAPER IT WAS WRITEN ON. Thanks for this video.
  • My husband wants a 21ft outdoor but we have a perfectly good paid for travel trailer that we use 3 to 4 weeks a year. Not going into debt for anything in this economy, especially for a toy
  • @bryanstaten5585
    In my experience most manufacturers and dealers lie like politicians. I no longer have an rv. I want one but refuse to buy the crap coming out of the industry.
  • @alan297
    Just purchased a 2024 pickup. First new vehicle and loan on a vehicle in my 80 years. Credit score of 835. Yet best interest rate I could get was 8% with 10% down. Now I better understand why. Thanks for your straightforward explanations.
  • Buying an RV is like taking your Mother in law to Disneyland. Quite exciting when you walk through the entrance gate, and then at the end of the day you can't stand each other.
  • @cheshire928
    We waited until after Covid due to poor craftsmanship due to missing skilled labor. Then we looked prior to Covid and found a 2018 Arctic Fox 28 ft. The seller had it for 10 months and needed a quick sale. From his sales paperwork he paid $48,000 and we got it for $38,000. The woodwork inside was in like new condition as was the rest of the trailer. We are not new to rv life but this has everything we would need.
  • When I started this video, I thought, "I am going to waist 31 minutes of my life on this click-bait". Well, I hung in there. I want to apologize for pre-judging. Good video with valuable content. Have a great day!!!
  • @youdagoob
    1) I’m paying straight cash homie. 2) I’m buying from a private party to avoid all the stealership’s junk fees.
  • @NYVET48TFW
    I paid cash for my '21, I had no choice...my credit was bad because I HAD NO credit, because I had no loans or debt. I've since fixed my credit but I still will not finance anything. Even with good credit I will still only pay cash. No payment is ten times better than ANY reason to finance! As for parent companies, even though Forest River gets a bad rap, Flagstaff/Rockwood are superior quality in my experience (on my 4th Flagstaff). My '21 529RBS has been flawless! And it was a 'Covid build' custom order, paid $51K, MSRP was $63K. Great video man, thanks. First time seeing your channel, subscribed.
  • @SonarTravels
    Have to jump in here. When a dealer (op) tries to steer you away from paying cash, that’s a flag to me anyway. Cash vs 10% interest rate, as if you could bargain cost down 10% just because you are financing is not a great idea. And that 10% rate is every year. And those loans are front loaded so that you pay little principal at first, mostly interest. That’s why banks pay kickbacks to dealers, they are just losing a small amount. Ask for the amortization schedule showing the loan, and every month for the full term showing exact amounts going to interest and principal. Then do the math vs cash price. Most dealers will try to get every penny they can. Treat the finance transaction completely separate from the purchase price. They are different transactions, no matter what others say. NEVER TELL A DEALER YOU ARE PAYING CASH, until price is agreed on OTD. Out the door price. Always say you you’ll talk about financing after a price is agreed upon. And if a dealer refuses to do this. You need to find a different dealer. Period. You have to walk away. It’s your money, and your responsibility to manage it. It’s a business decision, nothing personal. Now, let’s say you plan to payoff the loan after immediately financing. You better make sure to read the contract to show whether it has prepayment penalties or not. You may be able to play this card. But doubtful you will come out ahead if you carry that loan 12 months or more. Good video, and thanks for a lot of useful information. 😀
  • The main reason to avoid dealers is you cannot trust they will provide service after the sale. I research the dealer as much if not more than the RV.
  • TY. I'm on SSDI (near minimum benefit) alone, and about to lose my free room with utilities of the last decade when my friends sell the house and move to another state, the process of which has already begun. I haven't replaced my car that died shortly before Covid. So, I have been doing a ton of research, and I've wanted to hit the road for decades, before it became more than trendy, and I'm leaning heavily on getting the vehicle—especially since . While trendy means there are tons of anecdotes and videos to read and watch, it also means the costs in the lifestyle(s) have skyrocketed. And the one thing nobody ever covers is how to acquire vehicles in the first place. If you already have good money you can just pull out of the bank, yay you. What's happened is a severe bifurcation of vehicle-living lifestyles, between those that have to, or prefer it over the alternatives, and those that could choose however they want to live and money is no object. The latter has done to the vehicle markets what they'd already done to housing. So, all that blah blah, just to thank you for at least giving us some of the skinny on financing and debt in the RV industries. Personally, I'm good for my money. I stay within my means and know how to budget. Though it does leave me at the mercy of surprise expenses, debt gets paid immediately after I do, and I avoid accumulating it as much as possible.
  • @docholiday7072
    I tend to skip over the videos where people are talking, but...what led me to watch this video in its entirety were the comments about how the industry works (i.e. incentivization for managers, qualifying for loans, fico score tiers, etc.). I found it interesting. Now so many other videos of people sharing their complaints about the rv industry make more sense.
  • @user-lv2op1jx9w
    First thank you. Now after watching your video and the undercover RV Tech, I am questioning wether or not to make the investment on a RV. I like both Rockwood couple camper models and the new Brinkley model Z air 285.....but things are more complicated than maybe it's worth.
  • @SteveOOOOO
    After seeing this I feel like I just scored... Buying a 2019 Montana High County 330rl for 33k even though I'm installing a new roof on it already... Thank God I know how to do the work.. commercial flat roofer by trade. It'll be a thousand times better than the crap they use today.
  • @spartass
    Your spot on my friend on financing and banks adding crap on. Finally sold our fuzion 2016 422 for 68k to a private party currently looking to get into a new 2023 or 2024 cannot believe the prices now compared to covid. Great time to buy.
  • Cash buyers will always have the power, even if they let the dealer beat or match their bank. Unless you absolutely need the item, the buyers power is his legs. Just be fair to cash buyers, they’ll be plenty of buyers needing financing that you can make your money from. Used at dealers will still make up in financing; better to pay cash for a used (even if you go to your bank). Then they’ll upsell you and in the end you paid more than buying private.