Posts: 577
Location: WI | ToddC - 5/14/2021 4:43 PM
I think there will be a lot of boats, motor homes and campers on the used market in a couple years. You can buy a new Lund now with only $1500 down, 6.25% interest and 12 years of payments! I believe a lot of people are using their stimulus monies for the down payment for these toys but will quickly tire of the payments, insurance, upkeep and storage. If so, I plan to be there cash in hand looking for a deal to upgrade my 1750 FishHawk.
I’ve been telling my wife since last summer that we should plan on a flooded used market in a few years. The shortages and high prices have been an additional incentive to keep hammering away at the principal on her student loans during the pandemic. |
