Rick: I’m Rick Showers from No Bull RV with an unfortunate reality of buying an RV new. If you finance the whole thing, which most people do, you’ll owe more than your new RV is worth. For like… a long time.

Bob: In the credit world, they call that, “Upside down on your loan.”

Rick: That’s right, Bob. Same with new cars. You lose about a third of the value when it rolls off the lot. Which puts you upside-down in a big way. And that’s a dangerous place to be. Especially if you want to unload it quickly. Because customers want to sell it and pay off the loan and realize it’s not possible. Sometimes people are so angry about that, they give us bad reviews, because we can’t help them.

Bob: Used buyers don’t have that problem.

Rick: It’s why I love used RVs so much, Bob. You pay fair market value for a quality used RV at No Bull and it’s still worth that much when it leaves the lot. Even if you finance the whole thing, in most cases, you’re right side up for the whole term. Which gives you options and flexibility later.