Financing an RV
I am workign with a dealer on trying to find the right RV but do not understand how this Trade Difference line works. This is the quote they worked up. The trade in is for an SUV we have that has 17...
Forum Discussion
"And to add further, if you have to finance an RV, you would be best to not do that."
"If you are upside down on the SUV, and make this sort of purchase, you are really going to be upside down in a year or so on that purchase. Bad move in my humble opinion."
x2 or 3 or whatever...if at all possible, don't finance a depreciating asset, particularly if one is contributing an already depreciated asset (the SUV) to purchase the 2nd depreciating asset.
"If you are upside down on the SUV, and make this sort of purchase, you are really going to be upside down in a year or so on that purchase. Bad move in my humble opinion."
x2 or 3 or whatever...if at all possible, don't finance a depreciating asset, particularly if one is contributing an already depreciated asset (the SUV) to purchase the 2nd depreciating asset.
