RV Financing..
New to purchasing and financing a rv.. Really would like 240 month financing, but no experience here.. Are banks doing it? Min down payment going this route or min dollar amount financed? Would...
Forum Discussion
winnietrey wrote:
Another way of doing it, becuase money is so cheap right now, is to go long on the terms, put the rest in the bank. ( difference between the short and long term payments) That way you can still pay it off early if you choose.
There is no ATM in the basement of a house or trailer. I would rather have cash in the bank, than high equity in an RV.
Just a thought
Good point as well. I've ate the front-end cost as a measure of safety, but if one is secure in their job, it might be better to have as little equity in a rig as possible, because unlike a house... you can't use the equity in a rig for much.
