That’s the question Josh the RV Nerd (Josh Winters of Haylett RV of Coldwater, Michigan) answers in this informative video. Do they start right away, or months later when you take delivery? It’s a timely question considering so many RVers are placing orders today for RVs that will not arrive for four, five, six months … or longer. And what about when an RV is purchased but the RV is not even built yet (so no VIN number)?
Also: Should you sign before your ordered RV arrives? And what if you have a trade-in?
Josh covers a lot in this video.
Thanks Josh. It is a very informative video, a must view for those looking to take the plunge on a custom built RV.
Putting a down payment on the table before delivery is a showing of good faith that you will complete the deal later upon delivery of the unit. But, the amount of down money is always negotiable. A ten percent down payment of $10K on a $100K RV would be usurious. A bad sign that the dealership or manufacturer is financially unstable. This is not like a mortgage or real estate transaction where you can inspect the house several times before completing the deal. $1K or $500 should be sufficient to secure delivery of the $100K rig. If the dealer demands more, walk away from the table and find another dealership; finding another brand of RV might be necessary. I love it when dealers tell prospective customers that a 20% down payment is the law. That’s the first lie. Always be suspicious and assume that any dealership is disreputable and unreliable, and you won’t go wrong.
I’ve always paid a down payment when the deal was made and the balance when I took delivery (after inspection).