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
95jersey wrote:I recommend you finance the full $12k and still pay it off in 36 months. Assuming the interest rate is the same. Even get the terms for 10 or 15 years if the rate is the same. Make sure there are no prepayment penalties. If times get hard it will give flexibility. And if good times continue then you are still clear in 36 months.
I am looking to finance maybe $6000 over 36 months on a $12k RV. I know it is very small but I like holding onto my cash, and I usually pay the loan off early and it helps build my credit.
