Ok.....here goes!!
Dec 31st I went to Tom Raper RV in Fairfield Ohio for a promotion they were running on new RVs. Worked out a deal that takes all day on a 2010 North Country LS 29RKS and they run the financing quoting and signing the contract for 15 years on $***** It's a lot but I was trading a 2007 Keystone Outback 28RSDS that I only had a year...so I was upside down on the equity. Thinking all was set, I was going to take my camper up this Saturday and pick up the new one. The finance guy calls me today and says the banks won't write me the loan unless I come up with $1617.70 down or my interest rate raises to 8.5%. That's $14.00 more on the month than before but I have a budget to stay in and that's where I won't budge. He says even though my credit in over 770, banks just won't write me because of the loss I'm taking on my camper. Does this sound right or am I getting swindled? Any comments welcomed.
Dec 31st I went to Tom Raper RV in Fairfield Ohio for a promotion they were running on new RVs. Worked out a deal that takes all day on a 2010 North Country LS 29RKS and they run the financing quoting and signing the contract for 15 years on $***** It's a lot but I was trading a 2007 Keystone Outback 28RSDS that I only had a year...so I was upside down on the equity. Thinking all was set, I was going to take my camper up this Saturday and pick up the new one. The finance guy calls me today and says the banks won't write me the loan unless I come up with $1617.70 down or my interest rate raises to 8.5%. That's $14.00 more on the month than before but I have a budget to stay in and that's where I won't budge. He says even though my credit in over 770, banks just won't write me because of the loss I'm taking on my camper. Does this sound right or am I getting swindled? Any comments welcomed.
Last edited by a moderator: