Lantley wrote:So, your financed stuff would get fully paid for by insurance?
I don't think I would be any worse off than if your cash paid truck and RV were totaled by an uninsured driver or natural disaster.
Yes there is insurance,there are also deductibles, personal items, depreciation, loss of use etc..
Would you be made 100% whole by your insurance .. I doubt it.
Much in the same way my investments could sour.
I doubt the investments would sour to zero. I doubt the claim would pay zero.
But both scenarios could suffer a loss.
I don't think there is anything wrong with paying cash.
My point is paying cash does not guarantee the best deal,
it is not foolproof, it does not mean you will RV happily ever after
vs. a financed purchase.
As always the devil is in the details.
The End.
