janegowest wrote:
Am looking at a rig at Camping World. Salesman told me that they have best long terms and that if I go to a bank, they would give me shorter terms. Is this true? Should I expect to pay a loan processing fee?
Check into a HELOC (home equity line of credit), which can go to 15 years. An RV =should= qualify; I know ours did. A hint; try and pay as much down as you can, even if it hurts a bit. Buying a used RV will mean that it will likely be worth pretty close to zero before the loan is paid for. Do what you can to then pay it down as fast as possible by making bi-monthly payments and/or paying extra to principal.
x2 on being cautious about buying from Camping World.
Lyle
