About to purchase- Finance questions
Hey all, I have a downpayment on a new travel trailer and just sold my pop up last night. Thursday I will go to sign papers. They were touting 4.99% finance rates until I got the deal. Then it ju...
Forum Discussion
I got a lower rate from my dealer than from my bank. And the dealer's loan is through MY BANK.
I purchased at $21k and got the rate only if I financed over $15k. So, I did. We held back our down payment to meet the requirement and the next month we sent $12k towards the loan. Now I have a fairly small loan that will be knocked off within the first year.
I understand the strategy of "my money makes more for me than it costs to borrow", but I've never liked playing it. Peace of mind and eliminating possibilities has value.
Roy, your habits sound a lot like mine. No cable, no cell phone, no haircuts, no restaurants...
I purchased at $21k and got the rate only if I financed over $15k. So, I did. We held back our down payment to meet the requirement and the next month we sent $12k towards the loan. Now I have a fairly small loan that will be knocked off within the first year.
I understand the strategy of "my money makes more for me than it costs to borrow", but I've never liked playing it. Peace of mind and eliminating possibilities has value.
Roy, your habits sound a lot like mine. No cable, no cell phone, no haircuts, no restaurants...
