"Selling payments" to consumers originally took off when car leasing came into practice. As you often remind us, get the out the door price! BEFORE accepting any loan or payment scheme. Several RV owners, through General RV if I remember correctly, had their financing arrangements turned into Balloon Payment loans illegally and were caught off guard when the original loan term (5 years, 10 years) ended and the balance of the loan was due (the "balloon payment"). I've not heard about this financial mechanism lately related to RV loans, but, would not surprise me if there aren't some being written, without full consumer understanding.
As usual, Wingman, you are right on. FYI, I currently do NOT own an RV. (I planning to, in the future). Still researching..... and I love your channel.
I know a repo guy and I have seen him repo more campers this year than I have ever seen before. Many later model campers being turned in for no payment! It’s a scary world we’re living in right now!
I wish Kevin's dealership sold Brinkleys. We have done research for several years and are getting close to buying...we want a quality unit and have narrowed it down to Outdoors RV and Brinkley...now, these 2 are totally opposite in aesthetics but in our opinion are the some of the best built units today. His dealership does sell Palomino Pause which we love but they are little small.
I watch your videos on RUclips. Thank you very much for these videos informing people on the way things really work. Unfortunately there are many people who "shop payments. Recently while discussing RV's a friend told me "you can finance those things forever". With that attitude I guess that they will never be free of debt. I do not do payments, if I cannot pay for it I do not buy it. I have an old 1999 class A with no slides. It looks decent, is a comfortable as any, and I am not trying to "make a statement". It is reliable, I can fix most things, and keep it well maintained. Granted money wise it is not worth much, but I repeat, I am not trying to make a statement.
I recently purchased a new RV and the dealer I got it from was not a problem to work with, but I had no idea how the interest was figured. I thought it was the same type of loan like when you purchased a new car but after my third payment I was just killing time one day and was looking over, the interest rate through the online app of the bank and when I seen what I was paying per month in interest, I called and paid the thing off. I did not realize they had set up the loan like a house mortgage loan . I had borrowed $47,000 and I was paying 9.5 (which is pretty much the going rate right now ) and the interest was 400 dollars a month, fortunately I had enough money in the bank to just pay the thing off, but many people are not in my situation.
Buying a new RV is like buying a timeshare. You think you're going to use it all the time but life gets in the way. Then you try to unload it only to find you've lost massive value.
The only thing to do in the minds of most businessmen today to solve this problem is to raise the prices even higher and lower quality even lower, and we can see this strategy being used across almost every product and service today.
Sad time for consumers, RV dealers and manufacturers. I imagine a year or so from now the list of manufacturers still in business and not bankrupt and/or acquired by one of the big companies will be different.
Good video Alan . As history has shown!! Always dismal times while the dems are in office! For some absurd reason! They keep voting them back in ! It’s something to do with insanity! 😬
I’ll keep my old class a. Zero failures in 80 k miles .. I think it will go another 80k. .. I got 2 slides no failure s .. they are both hydraulic.. 2001 Winnebago adventurer 35u. .. electric motors on a slide !! It’s like the electric car failed..
Southeast Georgia, wonder if Brinkley and Alliance are slow? When I find the fifth wheel I want to buy, I’m going to shop a few small dealers and get a price, and then from a large dealer. When I decide who gets it after an independent inspection I don’t want any BS as I’m writing a check with no add ons or I will walk away! I believe that later this year prices may adjust downward. Hopefully I can deal with a small dealer who’s honest and trustworthy!
I like your chats with Mr Frazier. Very informative. If Trump wins I think inflation will slow. Oil production will increase and prices will come down as many products are petroleum based.
I live in the 7 cities. Almost every body here is upside down on their rv. They all want gold for their garbage. A Lot are asking 10 to 20 k for RVs that need axles, floors, remodeling.
Stop putting him on. Once again this typical salesperson can’t be trusted. “2023’s aren’t bad”. What a load of crap 2025’s are hitting lots that’s means 2023’s are 2 years old. Looking at his inventory 40% of his stock is 2023. He wouldn’t be saying that if he wasn’t in such bad shape. Just because you recorded his bs earlier doesn’t mean you need to keep playing it. Let’s get back to the straight talk and ship this shyster.
I always enjoy seeing you and Kevin share your views on RVs and the RV Industry. Watching on home desktop
Kevin seems to be a straight shooter when buying an RV, enjoy him when he is on!
Great information and production. Thanks for the insight.
Kevin is a great resource of and for information.
Really enjoy watching your program from Central Alabama.
Great info from Kevin
Great update info.
I always enjoy your videos, and you have made me a much more savvy buyer!
"Selling payments" to consumers originally took off when car leasing came into practice. As you often remind us, get the out the door price! BEFORE accepting any loan or payment scheme. Several RV owners, through General RV if I remember correctly, had their financing arrangements turned into Balloon Payment loans illegally and were caught off guard when the original loan term (5 years, 10 years) ended and the balance of the loan was due (the "balloon payment"). I've not heard about this financial mechanism lately related to RV loans, but, would not surprise me if there aren't some being written, without full consumer understanding.
You should have Kevin on twice a week for a five minute chat
For the 100thepisode, we would love to hear about youth...how you met, cars you've driver, jobs you had, etc.!
As usual, Wingman, you are right on. FYI, I currently do NOT own an RV. (I planning to, in the future). Still researching..... and I love your channel.
I know a repo guy and I have seen him repo more campers this year than I have ever seen before. Many later model campers being turned in for no payment! It’s a scary world we’re living in right now!
He has good advise, his prices aren’t bad at almost 30% off msrp. He does sell a lot of entry level products..
I wish Kevin's dealership sold Brinkleys. We have done research for several years and are getting close to buying...we want a quality unit and have narrowed it down to Outdoors RV and Brinkley...now, these 2 are totally opposite in aesthetics but in our opinion are the some of the best built units today. His dealership does sell Palomino Pause which we love but they are little small.
I watch your videos on RUclips. Thank you very much for these videos informing people on the way things really work. Unfortunately there are many people who "shop payments. Recently while discussing RV's a friend told me "you can finance those things forever". With that attitude I guess that they will never be free of debt. I do not do payments, if I cannot pay for it I do not buy it. I have an old 1999 class A with no slides. It looks decent, is a comfortable as any, and I am not trying to "make a statement". It is reliable, I can fix most things, and keep it well maintained. Granted money wise it is not worth much, but I repeat, I am not trying to make a statement.
Ames Iowa
I recently purchased a new RV and the dealer I got it from was not a problem to work with, but I had no idea how the interest was figured. I thought it was the same type of loan like when you purchased a new car but after my third payment I was just killing time one day and was looking over, the interest rate through the online app of the bank and when I seen what I was paying per month in interest, I called and paid the thing off. I did not realize they had set up the loan like a house mortgage loan . I had borrowed $47,000 and I was paying 9.5 (which is pretty much the going rate right now ) and the interest was 400 dollars a month, fortunately I had enough money in the bank to just pay the thing off, but many people are not in my situation.
Always good info & always enjoy Kevin Frazier! ;-)
Buying a new RV is like buying a timeshare. You think you're going to use it all the time but life gets in the way. Then you try to unload it only to find you've lost massive value.
I love these interviews with your guest keep it up
I went to Bish’s yesterday to ask about a service appointment. The earliest would be September.
Just call that asshole. - The RV Nerd!
Who cares about dealers? They are all crooks . Why are you so protective of them
Ken Fraser said a few weeks ago the Rv depression is over?????
The only thing to do in the minds of most businessmen today to solve this problem is to raise the prices even higher and lower quality even lower, and we can see this strategy being used across almost every product and service today.
If I had to buy now I wouldn't have one. Keep up the great information you are getting out.
Sad time for consumers, RV dealers and manufacturers. I imagine a year or so from now the list of manufacturers still in business and not bankrupt and/or acquired by one of the big companies will be different.
Good video Alan . As history has shown!! Always dismal times while the dems are in office! For some absurd reason! They keep voting them back in ! It’s something to do with insanity! 😬
I bought my 2001 Winnebago adventurer 35 u 3 years old with 5 k miles on it for 18k. It works better than anything made today ..
I have a Winnebago 35 u. Bought 5 years ago. Rock solid.
2003
I’ll keep my old class a. Zero failures in 80 k miles .. I think it will go another 80k. .. I got 2 slides no failure s .. they are both hydraulic.. 2001 Winnebago adventurer 35u. .. electric motors on a slide !! It’s like the electric car failed..
Love the chats with the dealers!
Southeast Georgia, wonder if Brinkley and Alliance are slow? When I find the fifth wheel I want to buy, I’m going to shop a few small dealers and get a price, and then from a large dealer. When I decide who gets it after an independent inspection I don’t want any BS as I’m writing a check with no add ons or I will walk away! I believe that later this year prices may adjust downward. Hopefully I can deal with a small dealer who’s honest and trustworthy!
Important chats with Kevin
Very good!
very good
Upstate NY
like these interviews. I think there will be buinesses will have trouble in the coming year.
👋🏻Naples, FL
R.V. Is a misnomer in this instance,a towed vehicle is not an RV nor is a truck camper an RV.
Class A,B,C,C plus are RV’s.
I like your chats with Mr Frazier. Very informative. If Trump wins I think inflation will slow. Oil production will increase and prices will come down as many products are petroleum based.
I see a lot more acquisitions by big dealers of bankrupt smaller dealers.
I live in the 7 cities. Almost every body here is upside down on their rv. They all want gold for their garbage. A Lot are asking 10 to 20 k for RVs that need axles, floors, remodeling.
Cool shirt. Say, I don't think it was right for Trump to abuse that Senior RV driver on stage like that.
MUST WATCH/GET WORD OUT, RV ODD COUPLE- Nat'l parks for sale!!!!!!!!!!!!
Another boring Commercial for a “Consulting Paying friend. When will this guy stop??
I can only hope things improve after the election . . But it won’t if Bidoma wins . . .
Stop putting him on. Once again this typical salesperson can’t be trusted. “2023’s aren’t bad”. What a load of crap 2025’s are hitting lots that’s means 2023’s are 2 years old. Looking at his inventory 40% of his stock is 2023. He wouldn’t be saying that if he wasn’t in such bad shape. Just because you recorded his bs earlier doesn’t mean you need to keep playing it. Let’s get back to the straight talk and ship this shyster.
Saw the same thing at camping world recently, 39,000 rv was 42,000 be the time the tried to tack all the fees on