Trying to see if FT RV'n is for us
Hello all!
My girlfriend and I are considering living in a FW FT. We are looking at the GD 350M but we are confused. We thought we could get an RV loan but that is not the case if we wind up living in it FT. According to USAA we would have to take out a personal unsecured loan at 8.99% for 60 months!!! OUCH! With the RV being $85k and a truck around $60k that is some serious payments. We don't have any other debt since we will be debt free by the time we do this in the next 10 months.
We are both disabled veterans and I work at a local dive shop and she works from home so living in one sounds easy to us. Our income is great! We love the idea of living in one and being able to go to Nascar races or traveling and going whenever we want. In fact we found a great park on the Marina here in Ft. Lauderdale.
I have seen a lot of negative comments regarding financing as a FTer. I understand the RV is like a vehicle and will depreciate but if we pay it off in 5 years that wouldn't be so bad right? Should we consider a used model maybe a year old? We like new but don't mind one that is maybe a year old.
Is there anyone or any couples out there in their 40's doing this? We can't bounce around like we would like right now b/c of my job but in the future that will be our plan.
Is this a crazy idea???
I guess my question is if we can swing the payments for the 5 years for the truck and RV should we go for it?
My girlfriend and I are considering living in a FW FT. We are looking at the GD 350M but we are confused. We thought we could get an RV loan but that is not the case if we wind up living in it FT. According to USAA we would have to take out a personal unsecured loan at 8.99% for 60 months!!! OUCH! With the RV being $85k and a truck around $60k that is some serious payments. We don't have any other debt since we will be debt free by the time we do this in the next 10 months.
We are both disabled veterans and I work at a local dive shop and she works from home so living in one sounds easy to us. Our income is great! We love the idea of living in one and being able to go to Nascar races or traveling and going whenever we want. In fact we found a great park on the Marina here in Ft. Lauderdale.
I have seen a lot of negative comments regarding financing as a FTer. I understand the RV is like a vehicle and will depreciate but if we pay it off in 5 years that wouldn't be so bad right? Should we consider a used model maybe a year old? We like new but don't mind one that is maybe a year old.
Is there anyone or any couples out there in their 40's doing this? We can't bounce around like we would like right now b/c of my job but in the future that will be our plan.
Is this a crazy idea???
I guess my question is if we can swing the payments for the 5 years for the truck and RV should we go for it?
