interest rates and max. term on used 5e rt.h
Hey everybody. About to buy a t.h. 5er and was wondering what the rates are on something like a $20-30k 5er toy hauler. Also what is the maximum term you can go, 10,15 years etc. I have excellent cre...
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The longer he term the higher the rate. In our case the difference in rate meant that the shorter term loan, lower interest rate loan cost us half as much in the long run as the longer term, higher interest loan would have. We were well on the way of paying even the shorter term loan off when it was totaled by hail. We had paid it down enough that we got both the trailer and a check back. had we been on the longer term loan we would have owed the bank money after the insurance paid off.
