20 year loan for RV?

ppine wrote:
Some people never figure out the difference between investment spending and consumptive spending.

I know the difference. I also know the difference between taking a brief (not 20 year) loan to buy a larger camper for my young and growing family so that I can give them experiences growing up that they wouldn't otherwise have.

For 3 years worth of interest my children get to Florida every February. They get to go to the beach every fall. They get to go to the lake a couple times a year. They got to go to Tennessee 2 years ago, Outer Banks last year, Vermont this year and who know's where next year. We have a group of good camping friends, and the kids have a couple sets of "camping friends" that live over an hour away. That's too far for regular play dates, but for 8-12 trips a year they get to spend lots of time with those friends. They get to go on boats, get to go tubing, get to go to waterparks, etc. These are experiences that I rarely had growing up and my wife never had.

Those are experiences that will make me have to work another year or two at the back end, but give my children a more fulfilling childhood than they may have had before. Completely and totally worth it. Heck, for that matter my wife gave up her job (RN at a major pediatric hospital) to stay home to homeschool the kids. These are major financial sacrifices that we have knowingly made for the sake of our children. All money WELL spent, in my opinion.

By the way, I got a pretty good deal on my camper, 34% off MSRP. By negotiating a decent deal, putting a hefty cash down payment and financing $18,000 over about 3 years I paid right around $1000 in interest. $1000 to buy 3 years more camping time with my family??? I'll spend that money any day!