I am sure the economy is affecting trailer sales, but unlike you I hate that anyone is facing having to lose anything that they have worked so hard for.

As long as everyone harps on the depression/recession, they can make you believe that it is happening. I just think we should look for the good things, instead of wondering and asking about someone having a hard time and losing everything. 

I've noticed dealers are carrying a lot less inventory, or so it seems to me.

That said, I just picked up a new trailer on saturday and the dealer said they have been very busy.

They are a car dealer as well, said the trailer side has stayed much busier than cars.

Kitten, how did you "get " that the original poster was happy that people are losing things?

Kitten's quote, "unlike you I hate that anyone is facing having to lose anything that they have worked so hard for."

Just because she was asking about trailer sales, does not mean that she's happy about people losing their possessions.  You have to read what's written, not what you feel is written...it's called the Internet.

Sad to hear. What dealership was that?

I see you all (generalizing here) moaning about the bad economy and bad Trailer sales etc. etc. etc.

I have a construction company here in South Africa and we saw this comeing. About 4 years ago most of the homes we built were financed by Banks - but slowly but surely it has turned around and now most of our sales are cash, and the houses are generally bigger. You see when the economy slows, it is only the people that can afford it that spend money. You will probably find that there are more high end trailers been sold now than ever before. You see the people with the money recon they can get their big luxuries cheaper in these times. So there is always a posative to all negatives. Now I might be wrong, but I doubt it.

You guys still have it pretty good let me tell you. Our bank interest rate is at 26% now, and if you wanted to finance a trailer, the longest term you can get is 5 years. I think you guys have just had it too good for too long.

I believe that if you all stay posative and put the effort in this so called ressesion can be over before you know it. I sincerely hope so as your economy affects the rest of the world, and especially us in the 3rd World.

Always remember the cup is half full not half empty.....

Barfly - Thank you for your outlook on the situation here.  A lot of truth in what you say.

Especially this part. The news, and the government, and the so-called experts tell us how bad things are. We listen, and then hear it more, and eventually start to believe it.

Thank you for your encouraging words.

I'm in, Whoo Hoo!!

bcr... Sort of a, I'm in a bind, "make me an offer" section for individuals?

The problem is that some folks will have a difficult time getting a loan to cover the difference between what is owed on the trailer and what they sell it for.  Unless they have some cash in savings or can tap into some home equity or get a high-interest signature loan (do they still do these?), they might not be able to make the pay off and get a clear title for the new buyer.  No clear title = no sale. 

I really need to sell the trailer in my signature, but THANK GOD it is not because I can't make the payments.  I just don't get to use it much any more.  It seems wasteful to continue making the huge payments while it just sits in the driveway 99.99% of the time.  But if I can't sell it, I surely hope to actually get to use it some this summer.  I would certainly sell for pay off, and maybe even slightly less, but not much less.  I'd rather just make the payments until someone comes along and gives me enough for it and perhaps I can get some use out of it in the meantime. 

Good Morning.  After reading so many messages I feel so lucky.  I have a house, family is just holding their own, animals that are doing OK.  I know people that have lost or are losing their places and their items.  Repro man is working hard in MI taking all sorts of things.  I am thinking about trying to find someone who might want to share their larger trailer with us.  We have a small 2 horse bumper pull but it might be advantages for us to buddy with someone if we find someone who likes to do the same things with a bigger trailer.     

Will you send me the  info on your trailer?  I am looking and about to purchase very soon.  I am wanting a 4Star 4 horse slant! round3farm@yahoo.com

My career has been lending money and getting it back. I want everyone to be cautious on their thinking of buying a trailer via taking over the "payments" or buying an underwater trailer. I would consult a lawyer in your state or run thru a licensed dealer before I ever agreed. Just because you might be getting the "title" to the trailer, it may in no way be yours.

In example, I, myself tried to purchase one privately that had more debt on it than what it was worth along with the owners being involved in a divorce. I went to the local dealer, told him I would give him $500 to get me a clean title and run state searches to make sure it did not have other liens (2nd, 3rd, judgements, tax lien, etc) on it. He could get the title signed over to me, but could not get the judgements released that we found on state filings due to the divorce (attorney fees, individuals, and a mortgage company all had judgements). This trailer is technically, non-marketable so it is still setting-what a shame.

Other land mines to look for is that depending on the state you live, trailer titles are not required and some ingenius people have used this to sell secured trailers. If you are selling by letting someone assume the payments, the buyer can ruin your CB worse than any repo would by not making his payments.

The biggest issue is that loans are typically not assumable. Meaning, the borrowers can not just assign the loan to someone else. I would say 99.9% of all loan documents have a due on sale clause. Sell/transfer it, pay off the loan or go to jail.