Quote:
Originally Posted by Canehdianman
If oil stays low, I'd look at the used market as people will likely be unloading their toys to pay their mortgage.
*just re-read your post again. Given that you have a trailer to sell as well, I'm not sure any waiting would benefit you much*
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I got such a good deal on mine I'm confident selling now would yield me breakeven at a minimum. If that was the case, I'd be willing to wait and not have a trailer this season and buy fall-2015 or spring-2016. Agree that used is the route to go, that's how we ended up with such a good deal on our current unit.
Quote:
Originally Posted by daredevil
Just my two cents:
From the perspective of a lender:
Traditionally we see Oilfield personnel purchasing fancy personal use rv's/trailers and are able to amortize them over crazy terms when things are going good.
While this keeps payments low, it also results in being underwater on them after the first year.
When the going gets tough, these are the first items that people try to shed.
We have tons of people try to "turn over the keys" which obviously isn't an option.
IMO a person could find a heck of a deal if you want to spend some time gauging the desperation level of people selling on Kijiji.
You'll just have to determine if that puts you in a moral quandary or not.
Again, just my opinion, but I have a feeling you might find a better deal looking outside of the Calgary market.
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Yeah, been looking for 3/4 ton trucks using the same line of thinking. Expanding my search area 250kms outside of Calgary. Although it's been a passive search (not meeting people) the pricing seems non-distressed, ditto for the trailers. I don't think you get a good gage until you go view the car/trailer etc. and speak to the person.
No moral quandary, I bought a vehicle that way a few years ago and it turned out to be a lemon that blew the engine. If I had paid asking or even close to asking I would have been in a world of hurt, had the buyer not caved and sold to me he'd have been in a worse world of hurt with that vehicle. There's good and bad for everyone in these situations, just part of life. I paid a lot for repairs (cost of vehicle), got a lot of warranty work (fluke) and got out even 8 months later. Part of life, and my money saved gets spent on other things that benefit other people
