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...
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The collateral value will also be less. A fulltimer, by definition, is in the rig all the time. Wear and tear will be greater and mileage higher. And of course, as others pointed out, should a default occur, it is going to be harder to locate and repossess, both by the physical fact that there is no way to know where to begin to look and the fact that even when found, someone is living in it, so you just can't pull up the repo wrecker and drag it away.
