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
Gdetrailer wrote:
The OP was willing to use credit cards to cover the loss at the dealer to the tune of $8,000! At 21%-25% interest rates on a credit card that will really hurt and make an already bad situation even worse..
Who has a card with a purchase rate of 21%? Ive got 3 with 9.9%. While high, it could be doable. Not smart but doable. Pick a term, run the amortization table on xxx @ 9.9% and pay that. Just don't pay the minimums and it will work just like a regular loan. Only difference is the interest would not be tax deductible like an RV loan.
