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
mtofell1 wrote:
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.
why? one 4-letter word...risk. risk that the investment won't produce as planned; risk that your main income stream will be interrupted; risk that the RV will be totaled out in a wreck or fire and the insurance payout will not cover the loan balance; risk that an illness or other emergency will re-direct available income.
