Financing a motorhome.
My old motorhome needs to be replaced. It's 26 years old. Everything works but, I feel like it has major repairs in the near future that will cost more than I'm willing to pour into a unit that old....
Forum Discussion
The problem with financing a motorhome, especially new or late model over an extended period of time, is that it will depreciate very rapidly, often much faster than the loan pays off. It is a recipe for a financial disaster when something unforeseen and not financially planned for derails the status quo.
Some examples would be a catastrophic mechanical failure requiring tens of thousands of dollars to repair, requiring the motorhome to be parked. Or, a the death or serious illness of a spouse making travel no longer viable.
Some examples would be a catastrophic mechanical failure requiring tens of thousands of dollars to repair, requiring the motorhome to be parked. Or, a the death or serious illness of a spouse making travel no longer viable.
