I guess the bank will let us keep it.

Yep, in a few months the DW will want to trade it for a new rig. :S

Luckily the owner had the title laying on the dash when I stole my camper. NO PAYMENTS !

Five year payoff is not a bad way to go. Extra payments when times are good is also prudent.
Congrats on the payoff! Keeping it for a while after is often an issue. Not too soon to start saving up for the next RV. Enjoy.

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

time2roll wrote:
Not too soon to start saving up for the next RV.

My last truck was paid for in 4 yrs, I had it for 14 yrs. I bemoan the cost of a new one and once again having a payment. My dad says: "If you had continued to set aside what you had been paying, you would have a sizeable chunk saved up".

He was (is) right, of course, but I wouldn't have that paid for Harley, that sits in the garage, cause I never make the time to ride it.

newman fulltimer wrote:
Time to go to a show lol

Pittsburgh show is in January. My wife said I will be sick that weekend.

Congratulations!!! It's always nice to pay something off :-)

cbshoestring wrote:

time2roll wrote:
Not too soon to start saving up for the next RV.

My last truck was paid for in 4 yrs, I had it for 14 yrs. I bemoan the cost of a new one and once again having a payment. My dad says: "If you had continued to set aside what you had been paying, you would have a sizeable chunk saved up".

He was (is) right, of course, but I wouldn't have that paid for Harley, that sits in the garage, cause I never make the time to ride it.

I paid off my 2002 in 4 years, and had payroll deduction of $400 a month put into savings for a new truck. Now I've got the money for a new one, but dang they are expensive, and I just can't bring myself to do it. Maybe the ol Chevy will last a little longer.

wowens79 wrote:

cbshoestring wrote:

time2roll wrote:
Not too soon to start saving up for the next RV.

My last truck was paid for in 4 yrs, I had it for 14 yrs. I bemoan the cost of a new one and once again having a payment. My dad says: "If you had continued to set aside what you had been paying, you would have a sizeable chunk saved up".

He was (is) right, of course, but I wouldn't have that paid for Harley, that sits in the garage, cause I never make the time to ride it.

I paid off my 2002 in 4 years, and had payroll deduction of $400 a month put into savings for a new truck. Now I've got the money for a new one, but dang they are expensive, and I just can't bring myself to do it. Maybe the ol Chevy will last a little longer.

Worth keeping if the AC still works.

stickdog wrote:

wowens79 wrote:

cbshoestring wrote:

time2roll wrote:
Not too soon to start saving up for the next RV.

My last truck was paid for in 4 yrs, I had it for 14 yrs. I bemoan the cost of a new one and once again having a payment. My dad says: "If you had continued to set aside what you had been paying, you would have a sizeable chunk saved up".

He was (is) right, of course, but I wouldn't have that paid for Harley, that sits in the garage, cause I never make the time to ride it.

I paid off my 2002 in 4 years, and had payroll deduction of $400 a month put into savings for a new truck. Now I've got the money for a new one, but dang they are expensive, and I just can't bring myself to do it. Maybe the ol Chevy will last a little longer.

Worth keeping if the AC still works.

It went out last summer, and has been fixed, so nice and cold :) It's needed about 9 months a year in Georgia.