Yes, Put That on Layaway Please!?

[YankeeTraveler]

Hello Everyone,

The title might be funny, but right now I have come across two, I think are class A, that could very well be prime picks if I could get either owner to sit on it until I pay it off. Pipe dream maybe, most people Jere started that way. One of them I could pay off in 18 months, the other, in 15 months. The reason for the extreme gesture is the quality of both of the RV's and the amenities that have been fixed, included, and the excellent condition and low mileage of the interior, exterior, and engine (bad sentence structure) The two asking prices are $7500 obo and $9000 obo. I am new to this, the only detracter that is staring at me is the fuel mileage on both from their 454's. Divorce, retired and disabled from the military, leaves financing out completely, but through the way I thought with the seller direct. I would appreciate insights and advice. If you want the advertised particulars of both, I will provide them. You cant access them unless you live in Alaska. Thank you everyone.

Regards,

Jeff

 

[dragonflyinthesky]

My opinion........NO don't take on debt. In a few months you may dcide you don't need or want all the lux amenities or you want to go to out of the way places and boondock.

 

[Lifemagician]

If you are going to go the 'layaway' way, be very careful.&nbsp; Make sure you have a legally binding contract which sets out the terms and condition.&nbsp; The <em><strong>standard</strong></em> with such arrangements is, if you default or change your mind, you forfeit all payments made.<br /><br />Lifey

 

[blars]

RVs do not stay the same -- what you would get in 18 months would not match what you started purchasing.&nbsp; Things deteriorate, and an RV that is used is more likely to be maintained than one that sits and has tires rot, leaks deveolope, etc.&nbsp; You should save up and purchase what is available when you have enough money.

 

[SirJoey]

<br /><span style="font-family: 'comic sans ms', sans-serif;"><strong>All of the above! <br /><br /></strong></span>

 

[Cubey]

If anything, go join a local credit union and take out a loan if possible. Sure, there's some interest but you'd be able to use it while you make payments on it. Otherwise, open savings at a credit union and save up the money to buy one outright. Stay away from banks!

 

[YankeeTraveler]

I apologize for the late reply, I currently have just a kindle to use for my correspondence, and for some reason, everytime I tried to respond, my keyboard wouldn't come up. I perservered lol!!! I do agree with not going into debt and all that. I have to admit, I sick at saving. Its always been my weakness. My wife used to handle that end. When we were married, we made a lot of money together, and it was her saving that allowed is to be able to take 3 or 4 vacations a year. Now I am on my own, and that same divorce has put me in the basement for a credit rating. That's why I thought it would be easy for myself and the seller to work it so that they held on to the RV, and I made payments. I would stipulate that once I started making payments, it could no longer be driven. Also in fairness to the seller, if I for some reason backed out, unless there was valid reason or extenuating circumstances, they could retain the money already deposited. I'm really not sure what other avenues I have, bit trying to wait for a year or so to save for it...I don't know of I could do t lol!

Thank you everyone. Please continue with the advice,I do appreciate it.

Thank you

Jeff

 

[WanderingRain]

I would not do layaway plans on something that huge. For one, it would tie up your money needlessly. I agree with the other posts on here... just go and buy things cash... save up and then go get a cheap vehicle outright. &nbsp;<img src="/images/boards/smilies/smile.gif" border="0" align="absmiddle">

 

[VanLifeCrisis]

I would only do this with someone i knew personally, and with a vehicle i knew intimately.&nbsp; In fact, that is how im buying the one in my sig.&nbsp; Will be paid off early next month actually <img src="/images/boards/smilies/smile.gif" />&nbsp; Your purchase however is 9 times my investment or so (900 plus some lawn equipment), I think i'd be real concerned about doing it that way.&nbsp; What if something bad were to happen after you are 6k in and you missed a payment, then you could lose all that money.<br /><br />Otherwise I would just save up the money in an online saving account (i used ally), where i just put the money i would normally put into the 'payment' away like i was making the payments anyway.&nbsp; Just really act like you have a car payment that MUST be made on time each month.&nbsp; I even call the amount i budgeted to save my 'car payment' or my 'house payment'.&nbsp; <br /><br />The online savings takes a few days to transfer the money back to your checking/access, so it prevents you from impulse spending your savings (and helps me personally with the 'can i borrow some money...' request form people, cause i can tell them honestly that its tied up for days).<br /><br /><br />Just dont make the mistake i made of setting up an connected checking account with debit card <img src="/images/boards/smilies/rofl.gif" />