A real honest-to goodness "NEWBIE"
I am the essence of "new" to rving. Never have. Always had a secret desire to. Retired. Not rich. Moderate income. I intend to travel around and see some of this great country of ours. My first pref i...
Forum Discussion
Here is something else a lot of people don't think about when buying. If you're a cash buyer this doesn't apply, but if you're like the other 98% of us and you have to finance your RV you may actually save money with a more expensive DP over a truck and 5er combo. If you buy a top of the line truck and trailer you're going to get two loans. That $60k plus truck is going to be financed over 6 years (maybe 7) and is going to have a huge monthly payment and the interest on that loan is not a tax write off. On the trailer you can get up to a 20 year loan depending on your needs. So you can get a lower payment and the interest on that loan is a tax write off as a 2nd home (or a 1st home).
Now if you buy a DP, again you can get financing up to 20 years if you need it on the entire value, and all of the interest on that loan counts as mortgage interest and is deductible as a 1st or 2nd home. So you may find you have a more affordable effective monthly payment with a $200k DP that you have with a $60k truck $70k trailer combo.
Now if you buy a DP, again you can get financing up to 20 years if you need it on the entire value, and all of the interest on that loan counts as mortgage interest and is deductible as a 1st or 2nd home. So you may find you have a more affordable effective monthly payment with a $200k DP that you have with a $60k truck $70k trailer combo.
