Hey All - Just curious if anyone knows anything about when a dealer places an order to Heartland for a trailer build. I'm wondering when the dealer has to pay Heartland for the unit they've ordered built?
not all dealers floorplan , sorry to be the bearer of bad newsHold on team - Dealer does NOT own the R.V.’s on their lot. Never have - never will. They are owned by a flooring company that finances the dealer inventory. If the dealer has a large enough “open to buy” they can place orders all day long for new product. If a unit sells then the customer writes the check OR the finance company pays the invoice on the RV to the dealer. The dealer pays the flooring company and a MDC, (manufacture delivery certificate) is retained by the flooring company, (if financed), or the customer to use as the document to register the RV. Most dealers will do the registration for you, for a fee of course.
not all dealers floorplan , sorry to be the bearer of bad news
Hey All - Just curious if anyone knows anything about when a dealer places an order to Heartland for a trailer build. I'm wondering when the dealer has to pay Heartland for the unit they've ordered built?
Thanks all, for your input. The reason for asking is that we have a Bighorn on order. I paid $5K down on my credit card, the rest due on signing. I am holding my trade at home until it's time to pick up the new rig. As mentioned, I didn't want them holding my trade or my money until they could deliver the new trailer.
They estimated mid-January and as of last week it hadn't even been built yet. The dealer told me he pays for it when it crosses the border into Canada so the deal was at a 13% exchange rate. With recent world events and few unique things going on in Canada, the US dollar has been strengthening and the CDN dollar has been weakening (depending on your perspective). I just paid 26% for some US funds today, at a currency exchange place. The price of our new Bighorn is going to be several thousand dollars more expensive at this rate.
So this is why I wanted independent info as to when the dealer pays for the unit so that I'm not being taken for a ride.
or buy a currency hedge.