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
wildtoad wrote:
However, just because you get a twenty year loan, doesn’t mean you have to take twenty years to pay for it. You can make double or triple payments, but if you run into a financial difficulty for a while, you can make only the required payment, or no payment at all for a while.
We are doing exactly this. Pay more when we can, pay minimum if we can't. Our plan is to have our TT paid off in 5 years or less. Also, in some cases you can get a better interest rate with a longer loan. Maybe not the best way for all but it definitely works for us.
