JKJavelin
Milwaukee, WI
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It sounds like you can afford it and I know this: If I don't buy the one I really want, I won't be happy. Buy the one you want the first time!
JK
2018 Ram 3500 Laramie Cummins 6.7
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bucky
Raleigh metro
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Brinkley factory
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laknox
Arizona
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wowens79 wrote:We've been RVing for 16-17 years now, and are looking for a new RV, but are struggling on how much we are willing to spend. We are pretty conservative when it comes to spending money.
We really want a Brinkley Z3100, which will end up probably a little over $80k, but it puts a knot in our stomachs thinking about spending that much money on something that is going to depreciate. Should we settle and spend like $40k on another TT?
We bought an new F-350 last year not knowing what kind of camper we wanted, so we bought a truck to pull what ever we decided on, so we don't have to worry about a new truck.
We could sell some non retirement stock, and pay cash for it, and we would still have an emergency fund of a years expenses. We have no debt other than our mortgage, and it is about a third of our homes value, and financed at 2.4%. It would take us about 2 years to replace the funds if we went with the Brinkley. We are in out mid 50's, and have put 12-15% in our 401k since our early 20's so we should be fine for retirement if the market performs like it has historically.
Should we bite the bullet??
I was in the same boat when I replaced my '02 Duramax. I fell into a used '22 3500 Denali that was about $20,000 less than a new Denali and $17,000 less than a new High Country. Still, dropping nearly $78k on the truck, new FW hitch, tool box and some other doo-dads, was a bit puckering...but not nearly as much as $90-95k would have been. :-) I'm also considering replacing my '17 KZ Durango 1500, but I got it for such a good price that I'll make money on it. I'm lucky enough to have the cash to buy a new FW, then put the cash from selling the '17 back in the bank.
Lyle
2022 GMC Sierra 3500 HD Denali Crew Cab 4x4 Duramax
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stripit
Prescott
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I also go with the if we can't pay cash, we don't buy. But we also take the time to look at what spending less would get you and if it isn't giving you the same good feeling, why settle for what isn't your first choice. We also say, well we are not getting any younger, and have no kids. So anything we have left when the time comes goes to charities. Why let them go first class and not us? We/you are the ones who worked and saved for the ability to buy what will make you happy. I say go for it...
Stacey Frank
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Lantley
Ellicott City, Maryland
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wowens79 wrote:Durb wrote:I think you answered your own question when you stated the thought of spending $80k puts a knot in your stomach. That knot may not go away once the warm glow of newness wears off. Nice trailer though.
Personal rule for me - pay cash for toys.
We have not financed anything other than the house for almost 20 years. If we bought it, it would use about 1/3rd of our cash, and would be replaced in less than 2 years. But it’s a chunk of money.
Which begs the question, Why have the cash if you are not willing to spend it on something you want? Is it all to be saved/cherished for some rainy day in the future?.
Does your crystal ball tell you your future is guaranteed?
19'Duramax w/hips,12'Open Range,Titan Disc Brake
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Latner
Indiana
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Joined: 08/06/2006
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stripit wrote:I also go with the if we can't pay cash, we don't buy. But we also take the time to look at what spending less would get you and if it isn't giving you the same good feeling, why settle for what isn't your first choice. We also say, well we are not getting any younger, and have no kids. So anything we have left when the time comes goes to charities. Why let them go first class and not us? We/you are the ones who worked and saved for the ability to buy what will make you happy. I say go for it...
X2
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goducks10
There
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Joined: 02/22/2010
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Lantley wrote:wowens79 wrote:Durb wrote:I think you answered your own question when you stated the thought of spending $80k puts a knot in your stomach. That knot may not go away once the warm glow of newness wears off. Nice trailer though.
Personal rule for me - pay cash for toys.
We have not financed anything other than the house for almost 20 years. If we bought it, it would use about 1/3rd of our cash, and would be replaced in less than 2 years. But it’s a chunk of money.
Which begs the question, Why have the cash if you are not willing to spend it on something you want? Is it all to be saved/cherished for some rainy day in the future?.
Does your crystal ball tell you your future is guaranteed?
x2. Life too short.
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4x4ord
Alberta
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Joined: 12/23/2010
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I don’t think I’ve ever regretted spending more to get what I wanted. When I make do with something less than what I want I end up regretting it. So we don’t buy much compared to what we could afford but when we decide to buy something we buy what we want.
2023 F350 SRW Platinum short box 4x4.
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bob_nestor
murphy
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nickthehunter wrote:In my opinion, Wait a few months, you’ll be able to buy it at recession prices. The down side of that is your 2016 will be correspondingly worth less also. I’d say it’s not really an optimal time to buy a depreciating asset.
I suspect you're right. Driving past RV lots now they appear to be full or filling up with RVs, both new and "used only once or twice". Many who bought RVs during the pandemic are also finding out what it really costs to own an RV and many of those are probably under water on the financing they used for their purchase - they're starting to try and get out from under their RV purchases. I'm seeing a lot of alarming reports on the massive buildup of debt for things like cars, homes and RVs as well as the steep decline in peoples savings. It probably isn't going to be a pretty sight when things hit the fan, but could be an excellent buying opportunity for those who bidded their time on major purchases and kept their powder dry.
Also good to keep in mind that cost is what it took to build the unit; price is what the dealer is asking (cost plus profit or loss), and value is what someone is willing to pay.
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TravelinDog
Nevada
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Joined: 07/20/2018
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Buy what you want and enjoy it now. You don't want to be sitting around years later thinking "I wish we had done this or that". It's too late then.
Just say no to the payload police ">
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