RV Financing..

beemerphile1 wrote:


In a perfect world and for the perfect family with rock solid will power your points are correct. I will agree with that.

However very few people have the will to do what you suggest, and none of us live in a perfect world. We are all human, fallible, and easily swayed by desire. We might think we are being smart investors but like the old bumper sticker, "__it Happens". Even if we do it right, we cannot control the markets or any other outside forces.

There are many people that have the education of which you speak and yet they are deep in debt, have a negative equity, and are only a few paychecks from bankruptcy. It is often a house of cards ready to be blown away with the slightest breeze.

One will never go wrong paying cash and cash only. If it isn't available, it won't be spent. It worked well for our grandparents, their parents and grandparents, and et cetera.

It has worked for us, we are debt free, homes, cars, money in savings, and on workingman wages. I won't go further into our finances because it is private and likely no one wants to read it anyhow.

Financial planning should never be based on tax code, that is a fool's game because the code will constantly change. Many experts and pundits espouse the benefits of borrowing and tax deductions but consider the source. Those people usually are the ones that stand to profit from your debt. Money is a great motivator, you don't hear much promotion of the debt free lifestyle because there is no profit in it for the marketeers and they are the ones that pay for advertising.

Debt is what drives the USA economy which includes the RV industry. If people stopped borrowing to buy what they cannot afford the economy would crash within a month. Unfortunately the economy will ultimately collapse anyhow because it is really nothing but a global scale Ponzi scheme. Be brave, be crazy, be a rebel, do something different - pay cash and live debt free!

Okay, off my soapbox now. :B

There is a difference between being in debt and nearly bankrupt and having outstanding loans and net positive balance sheet with several zeros in it.

There are many many millionaires that started out with debt that would apparently cause you severe anxiety attacks. And, There is nothing wrong with someone profiting from my dept. It's actually pretty smart to risk other peoples money and keep a nice tidy profit for myself. They win and I win.

Sometimes its smart to pay cash. Soemtimes it's just plain stupid. Like I said, one size fits all answers are worth what you pay for them.