20 year loan for RV?

doxiemom11 wrote:
Didn't take a 20 year loan, but took a 10 yr loan on a 10 year old higher end unit and we have not been sorry. If it's quality built, it will last a very long time. Much longer than 10 years. We have yet to replace even an appliance in ours. Only a couple of circuit boards, some new tires and normal maintenance. We will be keeping this one for a long while yet as newer ones don't even compare. They are all glitz and glamour with poor workmanship.

Yup, similar situation here. I bought my current RV, a 2004 model, in 2016, at 12 yrs old. Excellent condition, inside & out, low miles, new tires/batteries/awning and slide covers/generator carb. Other than a replacement rearview camera and normal routine maintenance, I've had to make NO repairs. Everything works perfectly, it currently has only 32K miles, and I have no doubt that it will still be going strong when the 12 year loan that I took out on it is paid off. In the meantime, the payments are low, the insurance is low, the registration is low (even here in CA), which frees up money to actually use it as well as do other things. Not sure how anyone could consider that a dumb move, but if they do, then I would simply have to agree to disagree.

Desert Captain wrote:
Yep, free money... right up there with waterproof and maintenance free. :S.

Sorry folks but none of them actually exist


:B

Sometimes free money does indeed exist. My youngest daughter just finished paying off her 2015 Corolla; 5 year loan at 0% interest.