Motorhome financing
As newbies to the RV lifestyle dream we are researching and preparing to buy our first RV. We know we want a large Class A built with high quality which with our budget means older high quality versus...
Forum Discussion
Some people need a basic finance class. Why not borrow 5% (tax deductible) and keep your money in an investment earning 7%? Depreciation of the coach is totally irrelevant to this discussion.
Check with your accountant about 2nd home tax deduction. I thought I heard some things might be changing with that under the recent tax reform.
For the money being talked about, a $200 prepayment penalty is not even worth thinking about.
5% interest rate on the purchase isn't too bad these days. I've heard/read around here that credit unions will generally be the best. Home equity lines might also be good. Older coaches often times won't qualify for the best rate.
Check with your accountant about 2nd home tax deduction. I thought I heard some things might be changing with that under the recent tax reform.
For the money being talked about, a $200 prepayment penalty is not even worth thinking about.
5% interest rate on the purchase isn't too bad these days. I've heard/read around here that credit unions will generally be the best. Home equity lines might also be good. Older coaches often times won't qualify for the best rate.
