Forum Discussion
wanderingaimles
Sep 04, 2018Explorer
Also check closely on your finance terms if you will be taking out a loan. Decades ago a type of loan became popular with unscrupulous banks and lenders. It charges all the interest for a loan up front and causes a massive hit to anyone looking to close out a loan before it goes full term. They were made illegal for terms under 84 months to protect the public from being charged thousands in interest.
Some RV dealers are putting these programs back into play. They will hand you a loan package over the 84 month thresh hold and apply that method. A unit you may have thought you bought for $14k a year later could have a balance owed of nearly $20k. If they are pushing long loan terms, read carefully.
Some RV dealers are putting these programs back into play. They will hand you a loan package over the 84 month thresh hold and apply that method. A unit you may have thought you bought for $14k a year later could have a balance owed of nearly $20k. If they are pushing long loan terms, read carefully.
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