way2roll wrote:
Jayco-noslide wrote:
1st point is don't finance because it's not a good idea for any purchase but especially not an RV because of the depreciation.
The RV is going to depreciate at the same rate whether you spent cash or financed. If I finance at 5% and put my cash in a portfolio earning a conservative 6-10% I am ahead of the game by a minimum of 1-5% earnings. If I pay cash, I still suffer the same deprecation and actually lost money by not putting my cash to work. just my $.02.
Along with the depreciation, you have Ins., Taxes, Maint. and all the incedentals. Only sure way to avoid financial trouble is stay away from RV's. You also avoid the unrest caused by trying to find a place to camp and the cost of campgrounds. Thousands or possibly Millions of dollars can be saved. Just think, it will help pay for your funeral and last expenses. :S
