I blogged about the last time we tried trading in our Endeavor (early last year) and also how the deal didn’t happen. We found a Newmar Mountain Aire 4095 worth going after and this time I didn’t blog about it because I didn’t want to jinx it. This time the deal felt right, the dealer thought it was right and would easily go through, our credit is very good but apparently never being late on a single thing ever isn’t enough. Bank wants serious coin down even though this one books easily for much more than we would be paying and we’re getting more for our trade than we owe.
Why do we try each year to trade in? Not because we don’t like our rig, we signed a contract for a higher rate than I should have accepted for the Endeavor and we would like to get out from under that and get a nicer newer diesel rig in the process. Unfortunately it seems people who pay on time don’t qualify, they want an insane amount down and the market is such now they don’t even have to negotiate the price much. Heck, while I was in the rig 4 families went through it at 3pm on a Wednesday!
So this beautiful Mountain Aire 4095 won’t happen and next year we will actually be upside down on the Endeavor pretty much making it so we have to come up with even more to get out from under it meaning we are stuck with this rate making the Endeavor more expensive than the Mountain Aire if we go full term, how insane and stupid is that? What the hell was I thinking in 2010?
I don’t get it, I’m going to try a bank or two myself but if a guy who wants to sell his rig has his finance guy working so hard to try and make a deal I don’t see how I’ll fare any better. I just bought my car at 0% and while I know this deal isn’t for a car it just shows how polar opposite the markets are, what qualifies for 0% on a $45,000 car doesn’t qualify for a 5.67% RV loan without better than 20% down on an RV. The banks are over run with loan requests on RV’s to the point they can say no where in the past they would have said yes.
I wasn’t disappointed last year, I am this year because we are working our asses off paying off debt, getting out from under the rate would have helped as well and the finance companies don’t give a rats ass how good your credit is or that you have never been late on anything… drat it I’m pissed and I promised Ronda I wouldn’t be, sorry hon but this one got to me.
Here it is, I can show it now since I can’t jinx it, a 2001 Mountain Aire 4095… I know it’s an older model and we have gone through a few options and year vehicle just to see what the bank would say, they said no to every one of them. I can’t wait until we are in a position to tell banks no, that day will come, they won’t care but it will be nice to be in the driver seat instead of the bend over and take it seat.