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
time2roll wrote:
Usually zero % is in lieu of a rebate. So the forgone rebate is your cost of zero % interest.
It's always best to do the math and figure out what works for you. I have very good credit, so when I've bought new, it usually makes sense to take the "cash back" and obtain my own financing. Bought the wife's minivan last fall and used the $3500 cash back instead of 0% financing. I ran the numbers and ultimately paid LESS by paying interest.
Manufacturers are always making money. They offer 0% financing but the sales cost is higher. It costs them money to borrow, so they gotta make it from somewhere.
