How to get a loan for RV
Looking at all the forums, none are a perfect fit so will ask here, my apologies if not the best sub-forum. Trying to figure out how much I can get in a loan. I need some help with loan basics as ...
Forum Discussion
I am doing the best I can. Got a credit card a few months ago. I have been living debt-free and financially solvent (paying myself instead of banks) and now am reaping the consequences of it. The system rewards debt. If you make banks money, they rate you higher than someone like me, banks worst nightmare, a customer who largely doesn't need them throughout his life. I am proof you can make it to late 40's without a single credit card.
I got caught in a nasty divorce and custody fight that drained my savings, ended up being an unscheduled emergency and wrecked my entire plan. Attorney fees were considerable, on top of considerable child support. I had a long emergency that lasted almost a decade. I won and got full custody and both stopped. And my son is almost an adult. I have no idea how much I spent. Maybe over 100K over the years on a series of non-stop custody trials. So that did a lot of damage, mostly beyond my control. I am not sure I can ever fully recover from it, not when 50 is rapidly approaching.
If that hasn't happened, I could have afforded the very best coach there is, bought or financed.
So now I have a high income, poor credit and no debt load and no credit history. If the banks will give me a 10K loan, I will take that. Maybe I can buy a compact TT. 40K would be better however. I have spent 100K on rent in the last 5 years so it can't be worse than that. My 1980's Airstream was a money pit but not even in the same dimension.
Even buying an 80K RV at a dealership will put me in a better financial situation that renting for the next 4 years. At least I will have an RV at the end of it.
I don't get it why the real estate has gone insane in major metro areas like DC, with rental prices in the same stratosphere. Given all the economic turbulence we have right now. I think it's a bubble that should burst sooner or later. I don't want to buy for a number of reasons. Rents are equally insane and all you are doing is buying someone a house.
I got caught in a nasty divorce and custody fight that drained my savings, ended up being an unscheduled emergency and wrecked my entire plan. Attorney fees were considerable, on top of considerable child support. I had a long emergency that lasted almost a decade. I won and got full custody and both stopped. And my son is almost an adult. I have no idea how much I spent. Maybe over 100K over the years on a series of non-stop custody trials. So that did a lot of damage, mostly beyond my control. I am not sure I can ever fully recover from it, not when 50 is rapidly approaching.
If that hasn't happened, I could have afforded the very best coach there is, bought or financed.
So now I have a high income, poor credit and no debt load and no credit history. If the banks will give me a 10K loan, I will take that. Maybe I can buy a compact TT. 40K would be better however. I have spent 100K on rent in the last 5 years so it can't be worse than that. My 1980's Airstream was a money pit but not even in the same dimension.
Even buying an 80K RV at a dealership will put me in a better financial situation that renting for the next 4 years. At least I will have an RV at the end of it.
I don't get it why the real estate has gone insane in major metro areas like DC, with rental prices in the same stratosphere. Given all the economic turbulence we have right now. I think it's a bubble that should burst sooner or later. I don't want to buy for a number of reasons. Rents are equally insane and all you are doing is buying someone a house.
