caver wrote:
This financial guy on an old pop-up forum I frequented said it best "pay cash for toys."
Depends how you manage your money. My loan was 4.5% on my travel trailer. Meanwhile I am making 11% interest on my stocks and mutual funds.
A lower interest loan leaves money fluid in bank accounts or stocks to pull in emergencies, as well as netting positive interest if you have the right investments.
My rule of thumb is to never borrow more than I would have paid cash for something. Then I get a loan and keep that money making money.