dealer advertising
As my wife looks for a used class A on line, she notices when she finds 1 she likes they have example of monthl payments. Is this a good starting point or ignore this completley.
Forum Discussion
way2roll wrote:rk911 wrote:rr2254545 wrote:
Yes because in the fine print you will see they have calculated 33 % down -most do not put that much down
most don't but most should...and more.
i'm an advocate of either paying 100% cash for your toys, in this case an RV, or at least putting down a large enough down payment in order to avoid being upside down on your loan. you always want the outstanding balance on the loan to be less than the current value of the RV.
Why would you pay cash for depreciating asset when you could invest that money and get a net return on your investment over financing?
risk. something goes bump on the night and your income stream is gone; a health crisis, a repeat of 2007/2008. any number of speed bumps. when one is debt free and controlling spending, savings and investments all things become possible.
