RV Financing

Cyle said:

Finance it, and go pay out the loan the next day. Nothing they can do about it.

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Cyle said:

The thing is if someone needs to finance on such a long term they are just a hamster on a wheel and will always be on it, never being able to pay for it in cash because they give the banks so much money in interest. Either they need to wait and save up in cash, or earn more to pay it off quicker and pay cash for the next one. Unless you're living it in a RV is a want and not a need, and financing is not a great idea. You can even go rent one if you want it's probably cheaper for most people then buying even. If someone wants to finance an RV for 20 years there is nothing "wrong" with it it just makes terrible financial sense and if they stay that way they will always be broke. The problem is so many will finance a new vehicle or two, the rv, toys, etc and have thousands in payments over 10-20 years and only really be paying interest, maybe even being underwater because that stuff depreciates so fast. If they waited say 5 years with a older vehicle and skipped the rv and toys they could save up a ton of cash and actually be able to afford that stuff and in the long term be so much better off financially for it.

The other thing is how much better it is actually owning something. I've found in the last few years having all vehicles, equipment, etc paid for it's just that much better and I would never finance any of that stuff again.

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Trashy said:

Another way to make my point is...... some people can't save any money period. So the only way they get a head or their "needs and want" is to finance
Same as why do people rent????? Everyone should own their own home and be mortgage free, right?

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hbar218 said:

Renting or owning a house is somewhat essential, i think that falls in the “need” category. Is it better to make $500 a day and your bills are $600 a day or make $300 a day and bills are $200 a day? I bet in 10 years the lower income , less bills fella is in way better financial shape.

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neilsleder said:

I admit I used to be the type of guy that financed a new truck, toys and what ever I wanted. But I tell you when I got laid off a year ago I sure liked the fact that I had no payments! I was stressed out as I was couldn’t imagine if I had payments. I don’t drive the nicest trucks and vehicles but they are good ones. And I find it surprising how fast you actually save money.

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neilsleder said:

Helping my wife buy a truck right now as she sold her diesel. The dealers now don’t even want to sell you a vehicle it’s all financing. The price is higher if we pay with cash that’s if the even would sells it.

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