Looking to purchase as a combo....
Just getting into the fiver life as my wife and I are headed south for the winter . Is there a place where we can get a combo set or do you not recommend this ? I'd appreciate any feed back .
Forum Discussion
Northwoodsviper wrote:I seriously doubt that. (coming from 20+ years Bank Executive experience).
Thanks.. I have found that as a package deal it is more affordable as you can finance the 2 together
Any reputable lender is going to consider the truck and the Fifth Wheel separately, if for no other reason than all it takes to separate them is to pull a locking lever. While I wouldn't advocate 15 or 20 year terms on a fifth wheel, it is done. To do the same on a pickup truck would be insanity. You can currently get extremely low rates on even used pick up trucks with terms up to 7 years at most banks and credit unions.
If some lender was to tie the two together, you would have to pay off the entire loan to sell or trade either the truck or the fifth wheel. The odds are about 99.9% that any combination package marketed for some long term financing so as to offer low monthly payments is designed to entice a potential buyer to overpay for both the truck and the RV. I smell a scam.
