calamus wrote:
Oasisbob wrote:
Thanks for the info. I am window shopping and have decided to go with a locally owned dealer in my area when I buy. Honestly financing an RV does not pencil out in my opinion. Wait save and then buy.
This is the dumbest thing I have ever heard. I would bet 95% of people borrow money on a new RV. And did you borrow money on your house? Lots of us are full timers or live out of our RV and 5th wheels while we work. I for one dont what to drive a kia and live in a pop up either. So I guess I will make payment on my 5th wheel and Pay alot for diesel in my big 3/4 ton truck.
I'm not sure how being fiscally responsible could possibly be the dumbest thing you've ever heard. Obviously not everyone can save up cash for an rv purchase. However, for most rv owners, the rv is strictly for pleasure. I have a mortgage and we owe on my wife's car (to be paid off this month after 18 months). The difference is, we need a place to live, she needs a car to get to work, but I can't honestly say we need an rv (even though we love it)!
The thing is, if one saves up for a major purchase like an rv it makes it less of a financial burden even if you do finance a portion.
I know someone who "needed" this and "needed" that, but they didn't feel they "needed" to save up for any of these purchases. After a while, despite a very good salary, finance and interest charges became unmanageable. They lost their house and now live in a one bedroom apartment. Interest on their car loan puts the Jimmy Carter years to shame. They have nothing despite all the things they bought.
This is an extreme example, but don't knock being fiscally responsible.
