RV Financing / Zero Down Options?

donn0128 wrote:
Remember, RVs are a huge depreciating asset. With zero down and decent monthly payments your likely going to be up side down for a really really long time. Unless your plans vall for keeping it for at least 10 years, its not such a good financial decision IMHO.

You are correct about the depreciating value.... but you are going to lose money no matter how much you put down. Let's say you put down $20k on a $100k RV. And you decide to sell it in 2 years. The value of that RV is now probably $80k (or maybe less). If you say great, I'm breaking even because I put $20k down. But are you? You already prepaid the depreciation on it. You aren't getting it back. The only difference is the difference in interest on $20k in a two year period. While there is a difference, is it that big of a difference? The only issue I see is that if you put the money down, then you don't have to come up with the money to break even, where as you would if you did $0 down. Of course the longer you keep that RV and make those payments, then the bigger the difference in that interest. You get to a point where it is almost financially better to hold on to the RV until you can break even, if you plan on RVing in some sort of fashion. But that will be years down the road when your balance catches up to what the rig is worth. They eventually stop depreciating as much as they did in the beginning and start to slow down. Don't know when that point is.

But people need to do what they feel is right for them and not worry about what the rest of think.