ugh wrote:
We want to go camping again. Since the accident, we are now ready to go shopping again, but this time we are thinking about Class A instead of TT. That means it will have larger payment and longer term than we would had with TT.
Is there some sort of general rule about how much per month based on percentage that is consider acceptable? I am thinking 5% since car payments are not supposed to exceed 10 percent. RV is consider a toy, so I am thinking 5%.
I know some of you will only pay cash because this is a toy. I want to create memories with my family, and paying cash is not possible. I don't want to get in debate about cash vs. monthly payments. I am going to get one regardless, but what is consider acceptable vs. too much. I will be looking at used class A.
Acceptable based on what? What the finances companies consider? Or what society considers?
More than likely, finance companies are going to look at a debt/income ratio. As far as putting a percentage on it, I have never had any finance companies give a number like that.
If you are talking about society, who cares what think.
