Financing vs. buying older model?
In your opinion, is it better to finance a newer motorhome, or to pay cash for an older one (10 - 15 years old.) - or maybe something in between - like a heafty down payment on 6ish year old model. We...
Forum Discussion
I might take the minority view here:
If you are planning to keep the rig until the wheels fall off, buy new, and finance it. However, make -sure- to pay enough down (I paid 20%) so you are nowhere near upside down, and if something happens, you can sell the rig, pay off the note and be out from under it.
I rarely buy vehicles. When I do, I tend to keep them forever. Since a RV is a big purchase, I like buying new, dealing with the teething pains, and having something just to my liking that I will wind up keeping for a while.
Where I live, almost every campground has a 10 year rule, so might as well get every year you can from a rig.
If you are planning to keep the rig until the wheels fall off, buy new, and finance it. However, make -sure- to pay enough down (I paid 20%) so you are nowhere near upside down, and if something happens, you can sell the rig, pay off the note and be out from under it.
I rarely buy vehicles. When I do, I tend to keep them forever. Since a RV is a big purchase, I like buying new, dealing with the teething pains, and having something just to my liking that I will wind up keeping for a while.
Where I live, almost every campground has a 10 year rule, so might as well get every year you can from a rig.
