Which wall is the writing on?
Earthroamer sell off?
- Thread starter carleton
- Start date
180out
Well-known member
and getting rid of monthly expenses. not a bad plan!
charlieaarons
Explorer
Other than liability insurance, what are the monthly expenses associated with owning an expensive toy that only a deranged person (there’s a pandemic of that) would buy on installments?
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waveslider
Outdoorsman
4 years ago you could get a loan for one at roughly 3.5-4%.
Given that my meager portfolio is running at around a 10-12% avg for the last decade I wouldn’t exactly consider it deranged.
But that’s just me.
Given that my meager portfolio is running at around a 10-12% avg for the last decade I wouldn’t exactly consider it deranged.
But that’s just me.
All this talk of "stupidly expensive" and "value not there" doesn't compute when you're talking about a purchase by someone with the means to make it happen. You may think it's stupid, you may think the value is not there, but other people think differently.
Why are there so many used ERs for sale? I suspect a lot of those trucks for sale are from the zombie apocalypses buyers. Covid spawned so much anxiety and stress that some folks went out and dropped a ton of money on a get-away vehicle. All the big truck makers, EC, ER, and GEV, worked overtime satisfying demand from 2020 to 2022.
Many of these buyers had zero camping or overlanding experience, but what they had was cash. We have all run into people like this, formerly empty beaches in Baja have been wall-to-wall with them over the last few winters. When the crisis abated and the overlanding dream didn't meet their expectations, the truck went up for sale. I suspect we're at that point now.
There are probably some good deals out there for cash buyers if a big truck is your thing.
Why are there so many used ERs for sale? I suspect a lot of those trucks for sale are from the zombie apocalypses buyers. Covid spawned so much anxiety and stress that some folks went out and dropped a ton of money on a get-away vehicle. All the big truck makers, EC, ER, and GEV, worked overtime satisfying demand from 2020 to 2022.
Many of these buyers had zero camping or overlanding experience, but what they had was cash. We have all run into people like this, formerly empty beaches in Baja have been wall-to-wall with them over the last few winters. When the crisis abated and the overlanding dream didn't meet their expectations, the truck went up for sale. I suspect we're at that point now.
There are probably some good deals out there for cash buyers if a big truck is your thing.
I was going to respond with something similar. I don’t have an ER, but have a MH that is being upgraded for better off-road performance right after the first of the year (I wanted more comfort than the ER provides and don’t need the extreme nature of an ER), and could have easily paid cash without stressing finances. 3%-4% money is free when you have a portfolio returning 20%. Heck, I have a second portfolio with more conservative investments throwing off almost 10%.
With that said, it’s a bad idea to finance anything you can’t pay for in cash…IMHO.
GR8ADV
Explorer
OTG_1
Well-known member
|Amen to that. One thing that we Americans can learn from the Japanese!
vintageracer
To Infinity and Beyond!
For a lot of folks BUYING the vehicle or most high value item today is the easy part.
It's the COSTS associated with owning the high value item that becomes the real problem!
It's the COSTS associated with owning the high value item that becomes the real problem!