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
People need to learn the difference between investment spending and consumptive spending. There is nothing wrong with borrowing money to invest and make more than the cost of the loan. Borrowing money to buy a depreciating asset that is non-essential is as dumb as it gets, especially with a 20 year term. I would be reluctant to borrow money to buy an RV even it was a full-time residence. I would use the proceeds from my house to buy one for cash.
If you are trying to retire, you want to pay off your house mortgage, and not take on any additional debt.
If you are trying to retire, you want to pay off your house mortgage, and not take on any additional debt.
