"Don't Buy New"
I notice a lot of you say not to buy a brand new rv unit. I'm "assuming" this is because it takes a while to shake all the right-out-of-the-factory bugs out of it and locate all the problems associat...
Forum Discussion
itguy08 wrote:philh wrote:Terryallan wrote:
But there is a huge difference in the payments. New is cheaper.
making financial decisions on the cost of payments is not conducive to long term financial benefit... Dave Ramsey would suggest that any payments other than primary living residence is a bad idea.
All depends on how you play the game.... I could write a check tomorrow and pay it off but it's better to take payments.
1. Prior to 2 weeks ago I was making 6% on my $$ in the stock market.
2. I got 4.9% interest on the RV.
3. RV interest is deductible on our taxes
So I'm getting to reap the benefits of their financing. And if something happens, tomorrow it will be paid off.
Your number 3 is inaccurate as if you pay 20% in taxes then the 4.9% is not right . It would be 20% of the 4.9 or less than 1%. In other words ...squat.
