need to understand how finance calculation work
We want to buy a fifth wheel, and we need to trade a travel trailer that has no equity. Is there a step i can follow so i dont get taken advantage of or tricked into a bad deal?
Forum Discussion
Once you have done your homework and are ready to finance. It had been my experience to do my financing with my bank. The interest is often lower and they are not going to make a risky loan.
If it is not a good gamble for the bank, it is probably not a good gamble for you. The bank is in business to make money off of your load not to sell repossessed TTs.
However you finance; make sure it is a simple interest loan with extra payments going directly to the principle.
Think, rest on it, then think again and never, never be afraid to walk away from a deal no matter how good it seems.
I have been told that if it was up to me, it would take a year and a half to have a baby. So be it, but I rarely have buyer's remorse.
If it is not a good gamble for the bank, it is probably not a good gamble for you. The bank is in business to make money off of your load not to sell repossessed TTs.
However you finance; make sure it is a simple interest loan with extra payments going directly to the principle.
Think, rest on it, then think again and never, never be afraid to walk away from a deal no matter how good it seems.
I have been told that if it was up to me, it would take a year and a half to have a baby. So be it, but I rarely have buyer's remorse.
