Why is interest rate higher for Full-Timers
The other day I received an email from the “Good Sam Finance Center” that many of you may have received as well. Just out of curiosity I looked at the interest rates and there were four different cat...
Forum Discussion
OpenRangePullen_Ford wrote:
Because their is a higher chance of claims being taken out to repair an Rv if someone is living in it full time. Their for the insurance company try to make more money.
Don't see the link between a finance company's loan rate and the insurance risk? I borrow from a finance company and I get my insurance from an insurance company. All due respect, I don't get your reasoning.:h
I do understand full timers may be a higher flight risk so in the event of default, repo is much more difficult.
