- Platinum Member
- Posts: 94
- Joined: Thu Feb 06, 2014 11:01 am
- Location: TX
When we bought our RV, the credit union that financed it said they would only loan 80% of the value. Since it was new, the dealer submitted the MSRP as the value. It is typical that you can get a dealer to come down 25% or so off of MSRP on an RV, so it was an easy "no down payment" deal.
If you are buying a used car, might have the dealer quote the "value" at highest book value they can get by with and then negotiate a lower actual price. (Same with new, actually, using the sticker as the "value" of the vehicle). That should reduce your out of pocket.
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