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
15% down
20 year term, since the rate is almost exactly the same as the 5 year rate, why not have the flexibility.
I never care who loans me money, it is a commodity. $200,000 at 4.75% from one source is exactly the same as 4.75% from another. I pay on time, so late fees never matter. ALL RV loans that I have ever seen are simple interest, so pre-payment is not an issue. I actually prefer the dealer make the arrangements, since they know who loans on what and who doesn't. I am all for easy peasy.
20 year term, since the rate is almost exactly the same as the 5 year rate, why not have the flexibility.
I never care who loans me money, it is a commodity. $200,000 at 4.75% from one source is exactly the same as 4.75% from another. I pay on time, so late fees never matter. ALL RV loans that I have ever seen are simple interest, so pre-payment is not an issue. I actually prefer the dealer make the arrangements, since they know who loans on what and who doesn't. I am all for easy peasy.
