Forum Discussion
rockhillmanor
Jul 21, 2016Explorer II
Regarding borrowing money on a new or used RV.
Buy it and get a loan on it while you have a home address simply as an RV, period. The bank does not need to know nor do they care what you are going to do with it. Unless you sit there and tell them!
That question is not even on a loan application.
Regarding living in an RV due to the job you have right now. THAT is what you will be doing. Not full time 'RV'ing' which is traveling in an RV.
Also Ask around at the CG's what a seasonal site or permanent resident site costs in your area. That added cost may or may not be within your budget.
IMHO, Buy a used one you can afford that is not overpriced. Live in it and if you don't like it you can still sell it for what you paid for it. "IF" you bought it right. That way you can find out if you like living in one and not loose all your income/savings trying it out.. :W
Buy it and get a loan on it while you have a home address simply as an RV, period. The bank does not need to know nor do they care what you are going to do with it. Unless you sit there and tell them!
That question is not even on a loan application.
Regarding living in an RV due to the job you have right now. THAT is what you will be doing. Not full time 'RV'ing' which is traveling in an RV.
Also Ask around at the CG's what a seasonal site or permanent resident site costs in your area. That added cost may or may not be within your budget.
IMHO, Buy a used one you can afford that is not overpriced. Live in it and if you don't like it you can still sell it for what you paid for it. "IF" you bought it right. That way you can find out if you like living in one and not loose all your income/savings trying it out.. :W
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