Financing & Loan Options for RV 5th Wheel
I will be buying a 5th wheel soon and this will be our first RV purchase. We are looking at 5th wheels in the $45-65,000 price range. Would it be better to get financing directly through the dealershi...
Forum Discussion
Loans are one of the easiest things there are to shop. Just compare terms (length of loan and interest rate). I would check with my bank, a local credit union, maybe an online source (such as Good Sam which uses Essex, which is a division of Bank of the West) and see what the dealer can offer. Take the best deal. The one thing people get a bit out of whack on is length of loan. Longer loans do have lower monthly payments, but doubling the loan term does not cut the payment in half. It is best to take the shortest term you can comfortably afford. You will build equity quicker and pay of the loan sooner. Bankrate.com has a bunch of financial calculators that can help you with your analysis.
