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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
magicbus wrote:Lwiddis wrote:
“Actually the lender should be more concerned about this than the borrower because the RV is the security for the loan.”
Primary security for the loan, Dave. Finance company will come after other assets if they can’t get enough from selling the RV.
Thanks for the educational point, but by editing out a portion of my post you make me look a bit ignorant. And now for the rest of the story edited out of my post...
“ As long as the borrower has the funds to make up the difference should they decide to sell their RV they are fine.”
Dave
risk must be a part if the decision. cash is king, period.
