Is there a minimum amount one can finance an RV?
Some of the finance websites I have seen say they will not finance anything under $8000. Is that a general rule of thumb for most RV dealers?
Forum Discussion
Dutch_12078 wrote:
If the minimum is $8K, finance that much and pay it down to your $6K target quickly.
Once you take the loan, it does nothing to just chunk a little off the top of an amortized loan. Now if you're not taking the loan to term you can save interest by paying it off early but again makes no difference when you apply he extra $. Only the end date matters.
To the OP, you should call a bank, not a bunch of goofballs on a forum for this question.....unless you think someone here may be a potential lender...lol.
I do agree with Dutch thou. $6k, 8k who cares. Sounds like you can pay cash but would rather build credit. The difference in payment is minimal.
