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
et2 wrote:
It seems everytime someone asks about financing it isn't long before someone goes off about paying cash and don't finance. I don't see it as a option asked by the OP.
Why bother? :h
We've always had better luck with credit unions
Lol. Yeah lots of life advice here, whether asked for or not!!
To the OP.
To figure this out you don't need to ask an online forum. You need to do a quick spreadsheet of each option, rate, term, amortization (i.e. How much interest you're paying) and then decide what fits best with your current and future plan.
Obviously the longer you can string out principle payments, the better that is financially, but need to consider the interest expenditure for The time periods you are thinking.
Making big payments later in the term of a loan is not the best financial decision as you've already paid most of the Interest in the early term.
