20 year loan for RV?
A friend of mine was telling me that I can get a 20 year loan on most new RVs. Is this true? Now I realize how people afford those Class A RVs.
Forum Discussion
Bought our first trailer cash from the wife's uncle. Outgrew it, sold it and bought our current trailer with our HELOC. Paid it off in 3 years. Next camper is likely to be $40-50K for an extended living 5th wheel bunkhouse. I'm going to have to borrow money again to pay for it. Our camping friends have a 12 year loan on their camper... I don't think I'd want to stretch payments out that far either.
Some of us aren't independently wealthy, nor are we willing to sacrifice our younger years to save for a camper to pay cash. I've got a 7 year old, 5 year old and 14 month old and we love to camp now. Kids enjoy it immensely, we use it for educational purposes as well. It was definitely worth paying a little but of interest to get an appropriate camper that we can use NOW.
The next camper will be our "cross country" camper. My bride came from a farming family, didn't have extra money for vacations. I want her to see our gorgeous country, I want my children to see our gorgeous country. I want to see it again. I'm willing to take on some interest payments to provide that experience for my kids. Again... hopefully I can pay it off in a relatively few years, but sometimes it costs money to live life.
But... you gotta take care of them! Our current camper is parked under a Carolina Carport. Hopefully our next camper will live in a fully enclosed shelter when its not in use. Keep rain off the roof, put some wax on the paint and treat the inside with kindness, they'll last more than 10 years.
Some of us aren't independently wealthy, nor are we willing to sacrifice our younger years to save for a camper to pay cash. I've got a 7 year old, 5 year old and 14 month old and we love to camp now. Kids enjoy it immensely, we use it for educational purposes as well. It was definitely worth paying a little but of interest to get an appropriate camper that we can use NOW.
The next camper will be our "cross country" camper. My bride came from a farming family, didn't have extra money for vacations. I want her to see our gorgeous country, I want my children to see our gorgeous country. I want to see it again. I'm willing to take on some interest payments to provide that experience for my kids. Again... hopefully I can pay it off in a relatively few years, but sometimes it costs money to live life.
But... you gotta take care of them! Our current camper is parked under a Carolina Carport. Hopefully our next camper will live in a fully enclosed shelter when its not in use. Keep rain off the roof, put some wax on the paint and treat the inside with kindness, they'll last more than 10 years.
