"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
tomman58 wrote:
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.
It's not much (like most deductions) but it is something. If you know how to play the games and what your financial limits are then you probably should not play. But if you can you may just come out ahead or at the least break even.
