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
winniman wrote:
After reading all the posts, I can only say if someone is living for today, only to pay tomorrow, they are possibly finding out right now why you shouldn't do it. I know people that have a new house, two new cars, and a yard full of toys. They are now both laid off. Things are going to get real for a lot of people.
Unless you blew all your cash on a depreciating asset. Those who financed still have cash and a choice to default the loan or not. Once the cash has left your hand, it's gone. Financing leaves multiple options. No options with cash. You'll see the same people that paid cash losing their jobs and selling their RV's at a tremendous loss.
