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
beemerphile1 wrote:Have you ever considered that some times paying cash is not at all smart? Read the previous posts, people are getting loans for 3.74% and 4.99%. In the last 10 years I have had conservative investments that gained over 7.5% annual annualized return. Had i paid cash, I would have lost money; even before considering the income tax deduction which effectively makes the interest rate even lower. One size fits all advice like "Pay Cash" is worth about what you pay for it. Better to be an educated buyer, know your options, the pros and cons, and make smart choices.
I know nothing about financing anything.
My advice would be to save your $$ and when able to pay cash, buy a $1,500 trailer. Keep saving and keep paying cash for future trailers, cars, trucks, and homes.
Before you know it, you will be debt free, have money in the bank, and a regular inflow of excess cash.
