I'm still convinced these people are crazy.
Years ago, pre-2008 in fact, I posted something that lighted a firestorm of indignation - I questioned the sanity of people who buy new RVs and amortize the purchase over 20-25 years. I had been to an...
Forum Discussion
Just a couple things to ponder here... For a 10 year loan, I am seeing rates around 5%. You can deduct interest off income tax, so for someone in the 25% tax bracket, that's something like 3.75 effective rate. On the other hand, the Vanguard Total Market Index over the last 10 years returned 8.5% annually, a period of time which included the recession. Even the Life Strategy Conservative Growth fund hit 5.6 over that time. So if you've got the cash to buy upfront, I say keep your funds, and take the loan :)
