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HaylettRV - Getting the Best Deal Part 3: RV Financing & Down Payments with Josh the RV Nerd

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Haylett RV Secure Financing App: http://bit.ly/1rtdNRL Subscribe to see more of these videos: http://bit.ly/1r39My5 Like us on Facebook at: http://on.fb.me/1DmcsPT Haylett Auto & RV of Coldwater Michigan | 800-256-5196
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Text Comments (48)
Zeek M (2 months ago)
I found the information to be priceless.
Helene (3 months ago)
We are buying a rock wood mini lite 2109 this week. They way they talk to us can make me feel like my ears are bleeding. I wish you were closer. When buying a rv it seems not if we are getting screwed, but by how much.
Charles Rock (4 months ago)
Thanks Josh!
Taco NoC (5 months ago)
From looking around I should be purchasing a trailer at at least 30% off MSRP. If I pay cash, how much more can I take off MSRP?
Haylett RV (5 months ago)
Not necessarily. Things cost what they cost. How payment is collected is less important vs. simply collecting it really. A reputable place doesn't care how you pay for it. They offer you the same service regardless. If you have to tell someone you're a cash buyer for them to take you seriously, then maybe you should find another place to complete your purchase.
Taco NoC (5 months ago)
Haylett RV should I expect a lower price with paying with cash?
Haylett RV (5 months ago)
You shouldn't be shopping based off MSRP. Sadly, MSRP is largely an arbitrary figure any more. This isn't car shopping and the same methods don't apply (unfortunately).
Dax Hensley (7 months ago)
Holy shit...an honest salesman. Much respect sir, about time people hear how this stuff works.
Haylett RV (7 months ago)
Thanks for tuning in! Over 3400 more videos for you to enjoy and counting!
CathyAnn (1 year ago)
I really appreciate your videos - very informative!!  Thank you!
Sonia Pomerleau (1 year ago)
Loving this channel....what's you take on surveyor trailers ? Thanks
Haylett RV (1 year ago)
Not a brand we feature, but there's nothing wrong with them. They're very classic & not extremely progressive. Nothing wrong with that, but they've been largely passed by many other brands. In a lot of ways they really represent the classic ultralites before brands like Rockwood and Keystone really pushed forward to redefine the category. Still a respectable brand.
Philip Pulvermacher (1 year ago)
Used vs new are the loans still 10 to 15 years? Thanks
Haylett RV (1 year ago)
Depends on age of unit, % of down payment, personal credit history, balance to finance... and about a million other factors. If it's within 5 years of the current model year, then it's possible.
Ptguy0618 (1 year ago)
Josh, is it possible to get approved for an rv loan after being discharged from a bankruptcy? Me and my wife are seriously considering selling our house to go full time in an rv. Selling the home would allow for a good down payment, but will they even touch us because of the bankruptcy?
Haylett RV (1 year ago)
Flip side: Keep in mind the lender's statistical rick ratio is super high.
Haylett RV (1 year ago)
Not impossible, but you had best have your business in order. Money down is not an option for someone in your case, and even with money down your rate will likely not be the best rate due to perceived risk factors.
Ptguy0618 (1 year ago)
Keep in mind now our monthly debt to income ratio is super low!
Jax Wylde (1 year ago)
Hey Josh, another great video. I've watched hundreds of your videos over the past 6 months or so (as we're looking for a travel trailer, or possibly a 5th wheel). Your candid (no bs) reviews are some of the best I've seen on Youtube. Anyhow, while watching this informative video I noticed you pointed to your own trailer (picture behind your desk). I suspect you've gone through various brands and sizes of trailers over the years, but was curious to know what you and your family use today. I realize what's good (in terms of a RV/trailer) for you may not be good for us (as each person has different wants/needs); nonetheless, I was curious if you've ever shared what you had in other post, or if you'd be willing to share that here. Keep up the awesome videos!
Jax Wylde (1 year ago)
Josh, thanks for the quick response back! Ironically, your response came back as I was watching one of the videos where you showed the Coachman (Freedom express 231RBDS) where you gushed about the taller ceiling and being able to stand in shower without having your head in the skylight :-)
Haylett RV (1 year ago)
One of the Jayco models here: http://www.haylettautoandrv.com/inventory.php?sortorder=asc&perpage=25&search=264bhw Simple. Easy. Generic. Gets the job done like a champ. The extra ceiling height allows me in the shower without ducking which was high on my list. I am not opposed to anything "fancier," but no more than I get to camp it does what I need it to do. The ironic part of these videos is I don't get to camp much. If I camped a bunch more the RV that would fit my personal wants/needs really is that new Coachmen 275BHS. It's just awesome. You can check that out here: http://bit.ly/2qlXmK9
johnh23z (1 year ago)
Thanks for your advice Bro. You are the best on utube.
Haylett RV (1 year ago)
Make sure to share a vid or two to some friends/family that might need it!
SHADOW LIVING (1 year ago)
Probably the best presenter I've seen on these topics in a very long time. Thanks for your honesty, patience and. Knowledge sharing abilities.
Michael Betancourt (1 year ago)
your videos are great. you are providing great rv reviews for first time buyers like me. thanks.
Haylett RV (1 year ago)
Thank you, Michael! All we ask at Haylett RV is the opportunity to earn your business when the time is right for you and your family. We have an excellent team here and look forward to meeting you!
Dave Skor (1 year ago)
Thanks fro all the great info, Josh! We're planning on a visit to Haylett when we're back in IN.
anneliese1978 (1 year ago)
What kind of credit scores are needed for financing an RV /travel trailer since it is a "want" item???
Haylett RV (1 year ago)
It's not all about scores. It's about a lot of things. Naturally a score factors into it, but there's no single hard answer to your question. RV Financing is all a case-by-case basis.
Jay Raxter (1 year ago)
New subscriber and I've used your videos to great effect....thanks! Wish you were local to me though :)
CmaxEnergi (1 year ago)
Another great video. This is stuff people should definitely know beforehand!
Dale Winke (1 year ago)
Josh - another great video/series...I have a question though, and I don't want to come across as snarky, I'm a bit of a statistics nerd.So you have said in previous videos, and forgive my paraphrasing, you want (would prefer?) to sell people their second camper first.  Now is this video you said "typically" people on average will change out of their rv after approximately 2.5 years.  Does that same generalization hold true for those people who you manage to successfully sell them their second camper first, or is just largely inevitable that the change out is going to happen regardless?  Hopefully that makes some degree of sense...Thank you for all your efforts, the great videos, and for being a great sport.As always -
Haylett RV (1 year ago)
Great & fair questions by the way. No snarkiness felt :)
Haylett RV (1 year ago)
I do like to sell folks their 2nd camper first. You seem to presume (at least somewhat) with your inquiry that we are speaking only to our own previously sold clients. This video is here for anyone and everyone. Checking my analytics I can say with confidence we are viewed not just nationally, but internationally as well. This is simply a generic video for public consumption. Remember we're but one dealer in a sea of dealers. Some are quality places with which you could work. Others are less so. We make a long of long-term customers, but there will always be a percentage that swap units out with frequency. High end fifth wheel buyers often seem like to "keep up with the Joneses" by always trying to have the fanciest rig at the park. There are also a small number of people who purchase a small RV as a trial run only to discover they enjoy camping and want a bigger rig in the first place. It's a tough, fine line to walk when offering advisory to a prospective client who is about to make a major purchase. I can offer my experience in sharing that they may not enjoy a smaller RV over the long-term of ownership, but it's a lot of money to them, and sometimes they're just not comfortable going "all in" on the first one when they don't even know if they'll enjoy the experience. There is absolutely NOTHING 100% consistent or absolute in sales. There are only experiences and situations. This is why I like to get to know the PEOPLE before just looking a camper. The more we know about someone, the better chances we have at getting them directed to a better fit for long term use. We're a place built upon referral sales over return sales. It only works if we've earned the right to ask for that referral.
Susan Spaulding (1 year ago)
I agree with Joseph Brown!!!!!! Another FAB video in this series of educational videos!!!!!! CAN NOT wait for the next YUGE video to be uploaded!!!!!!! MANY people I know love to talk monthly payments but I learned many years ago that it's not the monthly payments, it's the terms of the ENTIRE loan. You have to look at the APR, the term, what you will pay over the life of the loan, points, etc. I used to be one of those who only looked at the short term, i.e. the monthly payments!!!! Thanks Joshua!!!!!!!!!!!!!!!!!!!!!!! :)
John Hart (1 year ago)
Question. When you talk about "package deals," truck and trailer/5th wheel, is it 2 different loans? Meaning one for truck, one for trailer, or can you put them together on on larger loan for a term longer than a traditional auto loan?
John Hart (1 year ago)
Josh the RV Nerd Thanks for the quick response!
Haylett RV (1 year ago)
Technically speaking they are two separate purchases. However, allowing us to put them together in a finance situation gives us the ability to shift dollars around to provide you with different payment options (such as the break points I mention in this video among other things)
Joseph Brown (1 year ago)
Another excellent series of your videos! I've watched them all, please continue! I know so many people that go for the "special Price" and not realistic lowball monthly payment just to regret it when they find they're so upside down in the RV loan when they decide to 'trade up'.
Greg Kurts (1 year ago)
These videos are fantastic. Thanks!
Haylett RV (1 year ago)
It's my first three part series. Be sure to catch the other two!
aguyandhiscomputer (1 year ago)
Tip: 1. When comparing payments at different dealers, take into account the length of the loan, interest rate, down payment, etc. Apples to Apples. 2. Pay attention at the signing and don't be afraid to walk if the shady dealer changes the down payment (I'm sorry Mr and Mrs Smith, we need more money down), the length of the loan, the interest rate (I'm sorry Mr and Mrs Smith, your credit score changed), etc. They should discuss any changes before signing day.
Anthony Cortez (1 year ago)
you said it, you are educating us, that's why I like watching your videos. My aunt and uncle with their grown kids have 3 travel trailers in their family and they are going camping next week. my buddy just bought a travel trailer last month and my cousin in Florida just bought one last week. I want one so bad, soon enough though, I'm working on it, I feel comfortable calling Haylett RV when I'm ready and see if they can help me out.
Thistruthisfree (1 year ago)
Is it possible to finance with bad credit, like 610?
Thistruthisfree (1 year ago)
Thank you so much! I wish you weren't so far from new jersey I would come to you!
Haylett RV (1 year ago)
Like I indicated in my last response: More is always better in the case of down payments (though they may not be *necessary* they're always a good idea). Fixed incomes are something lenders actually like as they're as close to guaranteed as anything can get. If you get sick, then you might lose your regular pay. But in your case that money is still coming in.
Thistruthisfree (1 year ago)
Thank you! Would it make it more possible if I had a down payment? What about someone on social security/disability can they finance as well?
Haylett RV (1 year ago)
Potentially based on a LOT of factors. It's not a purely score-based process (though obviously that's a direct factor). You may be looking at what's call "secondary finance" which are still pretty fair rates, just not the "A-tier" rates that are out there. Also, this is a situation where money down speaks louder than nearly anything else. 10% down is great. 15% is better. 20% down helps IMMENSELY. Not necessarily a requirement, but man does it sure grease the wheels!

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