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
troubledwaters wrote:Ivylog wrote:And in the meantime while you saved up for that RV, the kids grew up and were gone before they got the chance to see the country. One size doesn't fit all. Nothing wrong with resposible debt.
OMB, a 20 year loan on a depreciating toy. Even at 4% you’ll pay more than double for it. A trailer at the end of 20 years might be worth 1/10th of what you paid for it. :S
“Responsible Debt” on a depreciating toy... now that’s stretch.
We bought (for cash) a used 8 year old Aurstream, one of the few trailers that will last more than 20 years, and pulled it all over the country for the next 10 years with a used burb. Sold the Airstreams for more than I paid for it because the new ones cost so much more. Our kids have been in almost all the states and probably 30 NPs.
Like I said above “ I apologize in advance as it’s probably not a good time to take on a older person who is limiting his outside exposure.
