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
our first tt, paid cash.
Our second tt, paid cash.
Just bought a new class a.
20% down plus trade - total 35% down.
Financed at dealer (could not beat 4.25% for 15 years). Plan on paying at least 1.5X payment amount.
Honestly, we are making a higher percentage return on our funds than we are paying in interest, plus we get a tax break for the loan rather than an additional tax burden (cap gains tax) if we used invested money.
Probably about 10% of our monthly income for required payments.
Sometimes, it is better not to pay cash.
Our second tt, paid cash.
Just bought a new class a.
20% down plus trade - total 35% down.
Financed at dealer (could not beat 4.25% for 15 years). Plan on paying at least 1.5X payment amount.
Honestly, we are making a higher percentage return on our funds than we are paying in interest, plus we get a tax break for the loan rather than an additional tax burden (cap gains tax) if we used invested money.
Probably about 10% of our monthly income for required payments.
Sometimes, it is better not to pay cash.
