Dealership request to maintain financing for 8 months
💸 moneysocial problemSingle report ●●●●●
An RV buyer was offered a $7,000 discount on a new RV contingent on financing through the dealership, with a request from the dealer to keep the loan for 8 months so they receive a credit.
What people do today
- Paying off the loan early despite dealer requests
- Negotiating the purchase price without financing
- Consulting financial forums for advice
🔧 Fix this
Ideas a builder, maker or community group could start on:
- A browser-based calculator that compares the total cost of interest over the mandatory hold period versus the upfront discount.
- A consumer advocacy guide detailing how to identify and negotiate around 'dealer reserve' kickback schemes.
- A template letter for buyers to formally request a 'cash price' that matches the financed price without the loan requirement.
Real voices
“They request I keep the loan for 8 months before payoff (they get a credit back for opening the loan, provided the buyer keeps the account for 8 months).”
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