Trying to finance a Travel Trailer under 10k for 144 mths.

Jetta03 wrote:

Terryallan wrote:

rvhippo wrote:

colliehauler wrote:

Terryallan wrote:
Just let the dealer do it. We financed our first TT for 12 years, and paid it off in 7. Did this one for 12 as well. Just because you finance it for 12 does not mean you have to take that long. It just means that if you need to, you can make a lower payment sometimes. Like If you get laid off or something big comes up.

This is easy way to get into a trailer without putting yourself into a bind. As long as you pay it off early you are paying simple interest and will only cost you for the time you use their money.

Make sure the loan can be paid off early. The harder it is to get a loan, the weirder the terms get.

It is what you ask up front. There are many banks to get money from. It's really EASY to get a loan, They actually beg you to take their money, on your terms, As long as you have a good credit score. I got both of mine for 12 years, so that IF something happened, I wouldn't be in a bind. First TT, while not my first camper. But the payment was an easy $117.00 per month for 12 years after trade of course, and this one, is way less than $200.00 after direct sale of first one.

Also, I'm not a rich man, and paying cash is out of the question. But still. Using the TT saves me a bunch of money over motels, and condos. It will pay for itself in 6 years. and that is just beach trips. Think $3000.00 per week, as opposed to $550 per week. and Does not count the quick weekend trips to the mountains. Si it could be less than 6.

So you see, Just because I can't pay cash, Does not mean I can't afford a TT. In truth, Having a TT make me going on vacation affordable. With out it, I'd have to stay home more.

Do you want to know why you're not a rich man? Yikes :E

He may not know BUT I SURE KNOW!

The bankers sure are living a FINE life off of folks that use credit in this way...

Bankers get VERY LITTLE money off of me and I have had MANY loans over the years...