Forum Discussion
loulou57
Mar 27, 2014Explorer
Did the OP make a mistake buying the RV...I don't think so
Is the OP paying too high an interest rate...we don't know his credit history
Did the OP make an impulse buy....maybe
Did the OP understand what he was getting into....probably not. From his posts he first made, the interest rate he thought he was paying was wrong and the length of the loan was longer than he thought.
My thoughts, pay any extra you can on the principal or see if it can be re financed at a lower rate.
Whatever happens enjoy the unit but take this as a lesson learned. Make sure you read and understand everything you are committing yourself to. When you go to buy a toy, go home and sleep on it.
Impulse buying is so easy when we see a new shiny toy just saying... I am yours for only $?? dollars a month and a salesman on commission with a calculator telling you that.....you can easily make the payment.
Is the OP paying too high an interest rate...we don't know his credit history
Did the OP make an impulse buy....maybe
Did the OP understand what he was getting into....probably not. From his posts he first made, the interest rate he thought he was paying was wrong and the length of the loan was longer than he thought.
My thoughts, pay any extra you can on the principal or see if it can be re financed at a lower rate.
Whatever happens enjoy the unit but take this as a lesson learned. Make sure you read and understand everything you are committing yourself to. When you go to buy a toy, go home and sleep on it.
Impulse buying is so easy when we see a new shiny toy just saying... I am yours for only $?? dollars a month and a salesman on commission with a calculator telling you that.....you can easily make the payment.
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