Travel trailer Trade-in - what to do?
Went to my local RV Dealer yesterday, to get trade in value of camper.mWe have purchased our last 2 campers from them. I have a 2011 Passport Grand Touring , power hitch, power jacks, power awning, dv...
Forum Discussion
This can be as little as $10 per month up to and over the monthly payment..
This is excellent advice. However, if you can pay at least $100 more than the payment as your RV is depreciating that much a month if not more. A good rule of thumb is to figure that a $30,000 RV is worth $15,000 or so at the five year mark. So, if your payments are $200 a month and your depreciation is also $200+/- a month you are effectively paying $400+ a month plus insurance, registration, tires, batterys and maintenance. They are not cheap that is why I think if you can make it work with your existing unit, do so. Credit cards are not for RV purchases. Use them for emergencies or if you are sure you can make more money on the purchase than the interest costs you.
