TT financing for an 04 model??
I found an 04 Cedar Creek I want to buy...shopping around trying to find financing...does anyone know of a place that finances RV's older than 8 years?
Forum Discussion
I completely agree. "IF" you were making more off of your money VS cost of borrowing than definitely finance. But I bet if the tides changed you would use the cash and pay out the loan. Correct?
In this case the OP was likely looking at well over 12 percent for a loan on a used trailer. They would be upside down forever and if their financing is tight I would recommend not do it.
BTW, 15percent is amazing. In Canada we can't use interest paid as a tax deduction and making "15 percent or even 8 percent" is unheard of so it generally isn't smart to finance toys.
In this case the OP was likely looking at well over 12 percent for a loan on a used trailer. They would be upside down forever and if their financing is tight I would recommend not do it.
BTW, 15percent is amazing. In Canada we can't use interest paid as a tax deduction and making "15 percent or even 8 percent" is unheard of so it generally isn't smart to finance toys.
