20 year loan for RV?
A friend of mine was telling me that I can get a 20 year loan on most new RVs. Is this true? Now I realize how people afford those Class A RVs.
Forum Discussion
wildtoad wrote:
However, just because you get a twenty year loan, doesn’t mean you have to take twenty years to pay for it. You can make double or triple payments, but if you run into a financial difficulty for a while, you can make only the required payment, or no payment at all for a while.
Well stated. That's why I like 30-year mortgages on homes, especially for new buyers.
Plus, I always get a kick out of buyers, especially very young buyers, saying that they're buying their "forever home" ..... yeah, right. Chances are about 1 in 7 (at best) that it will indeed be their 'forever' home.
