Financing Survey
Hey all, I'd like to take a quick survey of the group. Basically, when you bought your Trailer/RV, did you finance? But, lets go a little deeper. Not just did you finance, but these questio...
Forum Discussion
IDman wrote:
We have always paid cash. Never finance anything that will depreciate in value or you will be upside-down sooner or later.
While in theory I agree, but... With such low interest rate environments (we can get 5% at our credit union for up to 10 years) why not let your investments work for you and make payments. After you add the ability to write-off interest on the loan, in the 25% tax bracket your effective loan rate is 3.75%. (Last year most of my accounts had returns in the high teens and low twenties.)
To each their own, I guess. JMHO
Doug
