Cash Vs. Finance
I'm planning to buy a new RV in March. Yes, I know they depreciate like crazy, but I've window shopped the used market and I don't see any that's what I want at a reasonable price and I don't want to...
Forum Discussion
pitch wrote:
I would go with the loan. Rv dealers are like car dealers in that they receive a "kickback" dependent on the value of loans written.
You may be able to save a couple hundred taking the loan over cash.
I am not familiar with a prepayment penalty as they are illegal in my state of residence.
When I bought my last vehicle I had to make 3 payments or the bank would remove the loan from the dealers portfolio.
You didn't mention the amt of the loan or interest rate. A 40K loan at 5% over 3 months would generate $500 interest payments. Best way to buy an RV is to be a cash buyer who is a good negotiator.
