I guess the bank will let us keep it.
I know many say that borrowing money for an RV is not the best option. However, many of us do....as we are not all independently wealthy. The book says our final (60 month) installment is due in Ap...
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When we bought our Class C I put 35 per cent down and got a very low interest 15 year loan on {it helps to have excellent credit}. This kept the payments small and gave me the option of making additional principle reductions anytime I saw fit/was able to do so.... my choice not the banks.
Four years later we are on track to have it paid off in under 7 years as the original loan has now been paid down to less than half. Looking forward to that day but in the mean time a $268 a month payment is no big deal. We have had the use and enjoyment of our dream coach, fattened up our credit score even more and if we did decide to sell {doubtful}, there is a very nice chunk of equity available.
Works for me.
:C
Four years later we are on track to have it paid off in under 7 years as the original loan has now been paid down to less than half. Looking forward to that day but in the mean time a $268 a month payment is no big deal. We have had the use and enjoyment of our dream coach, fattened up our credit score even more and if we did decide to sell {doubtful}, there is a very nice chunk of equity available.
Works for me.
:C
