Why buy a new $125,000 motorhome?
Watch this video...some great advice... http://www.youtube.com/watch?v=SUvN3u41H94 Why buy a new RV costing six figures and having a monthly payment of like almost $1,000 spread over 15 years no...
Forum Discussion
BurbMan wrote:
To the OP, I wouldn't finance a $125k MH either, but hey, who am I to criticize?
Hmmmm .... if you were in the banking business for years you of all people should realize that it's sometimes bad money management to pay cash for something if the extra cost from financing it is less than what you can make off the cash by investing it elsewhere.
i.e. I'm retired and have a mortgage on our home ... which is considered a bad position for a retired person to be in by money management experts. HOWEVER, the interest on my mortgage is less than what I'm making in my portfolio, so it would be unwise to draw the money out just to pay off the mortgage ... it may be a feel-good thing for me to do, but not a money-wise thing for me to do.
