pconroy328 wrote:
shelbyfv wrote:
OBob may have been a little blunt and insensitive but I don't think his statement was ignorant. RV's really are a terrible thing to finance for a couple of reasons. First, they are not a necessity as is a reliable vehicle or a home. Second, they are notoriously poorly designed and constructed and retain little value after just a few years. Easy to get upside down. Airstreams and fiberglass eggs being exceptions to the rapid depreciation. A little self restraint and delayed gratification can help get your financial house in order.
with apologies to Dave Ramsey and his devotees, there are perfectly valid reasons to use someone else's money at times.
we financed our motorhome, even tho' we had the money. And we're well aware of the rapid depreciation. we bought a near-new unit, used.
X2.
We are not financing our RV or next R/E purchase but that's just because I need the tax deductions. Under normal circumstances, I enjoy borrowing someone's money at a low interest rate whilst my liquid funds go to work increasing the assets.
