best place to apply for loan for rv
Just want to here if any rvs have had any bad experiences with loan companys and give me some good ones you had. Planning to buy shortly. Putting big chunk down and financing rest.
Forum Discussion
K Charles wrote:
Doesn't anyone use cash any more?
I don't know what circles you run in, but no one I know could or would pay cash for an RV. With low interest rates it's actually smarter to finance. Let your money work for you. I can invest my cash into something with a larger return and finance an RV. The difference is profit. Paying cash on RV is technically an immediate loss due to depreciation. Use your cash for other things and let the bank outlay for the RV. While it's true you pay more in the long run, you also hold your cash and let it work for you too. Done correctly there is a net benefit. I would never, ever pash cash for a depreciating asset. You might as well set fire to 20% of it.
