Forum Discussion

lawnspecialties's avatar
lawnspecialties
Explorer
Jul 02, 2014

Financing Funny

We're picking up our new Work & Play Thursday. We're financing it. After our (required) down payment, we are about $800-$1000 short of getting a lower interest rate. In other words, if we spend another $1000, we'll get a slightly lower rate. I've run the numbers and its almost the same payment.

I've already added an electric jack and rear anti-skid wheels to the camper. But now I'm stuck on what else.

Yes, I could just leave it and have more equity from the beginning. But if I am missing something, this would be an opportune time to add it to the price to help me get the lower rate.

Any ideas for something to add to a travel trailer toy hauler that I'm not thinking of?
Seeking Advice
  • camper19709's avatar
    camper19709
    Explorer
    Jul 02, 2014
    slide toppers
    Max-Air vent covers
    Fantastic fan
    Solar
    and MORE solar
    generator
    inverter
  • path1's avatar
    path1
    Explorer
    Jul 02, 2014
    Check with your tax person on this first!!!

    You used to be able to throw in a new truck in the loan and take off interest because you now have a "second home" if self contained but must be in one loan package.

    Don't know if still legal, check out first.
  • mlts22's avatar
    mlts22
    Explorer
    Jul 02, 2014
    With me, I had them throw in a decent generator and a W/D hitch. Were I to do it again, I'd go for better batteries and solar as well.
  • ependydad's avatar
    ependydad
    Explorer
    Jul 02, 2014
    Upgraded tires, definitely.

    I love my slide toppers.

    Progressive Industries Surge Protector.

    SteadyFast system for stabilization.

    Vent covers + fans.

    Second A/C.

    Upgraded mattress.

    Air-ride pin box (Trail Air/TriGlide).

    Watts water pressure regulator.

    Quality sewer + water hoses.

    I can help you spend all sorts of money.
  • beemerphile1's avatar
    beemerphile1
    Explorer
    Jul 02, 2014
    You may have a lower interest rate but the overall interest cost will be the same or higher. The best way to save on interest is to finance the lowest amount possible and pay it off early. Only one extra payment per year will save a ton more money than a slightly lower rate.

    Great sales incentive if this is from the dealer: "Gee, I sure would like to help you save money. Tell you what, if you spend an extra $1,000 I can lower your interest rate."

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