Thread Tools Display Modes
Old 01-01-2016, 02:01 PM   #21
Senior Member
f5moab's Avatar
Join Date: Apr 2013
Location: Idaho
Posts: 2,058
Pay cash for everything but the house. But if I wasn't making more interest on my investments than the interest on the house, I would pay that off too!

Trailer: Lifted 228BH, heavy duty springs and Yokohama tires DELAMINATED ROOF
TV: 2016 GMC Sierra Z71 4x4 CC, SLT
Spare TV: Two Alaskan Malamutes

Living somewhere in ID; previously lived in Moab UT; previous to that, don't ask!
f5moab is offline   Reply With Quote
Old 01-01-2016, 02:05 PM   #22
Join Date: Apr 2015
Posts: 31
Financed almost everything or would have nothing. Always tried to have a sizable down payment, enough to have a manageable monthly and a term of 4 yrs. or less. It's the American way.

Freetyme1 is offline   Reply With Quote
Old 01-01-2016, 02:10 PM   #23
I Break Everything
mikel68's Avatar
Join Date: Feb 2015
Location: Lampasas, TX
Posts: 453
First one cash, 2nd two financed, new one cash. Definitely less people to deal with you finally break it to the dealer this could be cash. Try to get everything you can before they know how you're gonna pay.

2015 Georgetown Forest River 351DS Class A
2008 Keystone Cougar 293SAB 5th Wheel
2007 Jay Flight 30.5RLS 5th Wheel
2006 Jay Flight 29BHS TT
mikel68 is offline   Reply With Quote
Old 01-01-2016, 02:16 PM   #24
Senior Member
Join Date: Nov 2015
Posts: 239
Cash, spending the kid's inheritance. Thank goodness they don't need it.
LTRVing is offline   Reply With Quote
Old 01-01-2016, 02:55 PM   #25
Senior Member
Join Date: May 2014
Posts: 210
It was my gift to me when I sold my home and retired😊
syogerst is offline   Reply With Quote
Old 01-01-2016, 03:03 PM   #26
Site Team
Terier's Avatar
Join Date: Mar 2011
Posts: 9,834
I paid cash and for me it was the right choice. However, a couple months ago when I was considering upgrading my TT it would been easier to exchange one monthly payment for another.

Cash or finance is a personal choice. I'm on a snug budget and paying cash kept me within an affordable range.
Great choice for "Living within my means" and camping for one...

2011 Salem Cruise Lite 20RBXL & 2011 Toyota Tundra Dbl Cab
Camping History: 45 Trips / 133 Nights / 3736 Miles
FRF Social Group: Campers of the West
Terier is offline   Reply With Quote
Old 01-01-2016, 04:01 PM   #27
Senior Member
Join Date: Oct 2015
Location: Wisconsin/Florida
Posts: 1,146
Our daughter was the first born and we recall her sleeping in a bassinet in our Winnebago class A. Eventually, we bought a new class C at the Chicago show. The kids grew up camping. Both campers were financed, because we wanted to do things while the kids were growing up and couldn't afford to pay cash.

We lived in the Class C for 6 months while building a home (saving $1,000/mo rent), used it on multiple short and long vacations, and used it to combine job related education with vacations. Though we made payments, for several years, it was worth it. At that time, consumer loans were a tax deduction. The bonus? More than ten years use and we sold it for nearly what we paid for it. New RV prices had escalated. Was it a good investment? It was a great investment.

Several years ago, we purchased a new slide in camper, payed cash and used it full time for six months while we were building our second home out of state. We decided to sell after 3 yrs use and again, nearly got our money back. Another good investment.

We go along with GOTTOYS. Now,we own everything free and clear and could afford to have paid cash. However,we put a healthy deposit and will try payments for awhile. Low interest rates, an income tax deduction, and the safety net in investments were key factors. DW and I have always discussed the options in depth before taking the bite. Our decision was not to go with the mostist we could afford, but something we were both comfortable with. If we passed away, the money is there to pay it off.

The Fed gave us the first bump in interest rates recently. Not much, but a start. If choosing to finance, now is the time because rates will go up. As long a camper loan is considered a mortgage, it is pretty cheap money. As long as the RV industry prospers, new prices will go up. So will your residual value.
PenJoe is offline   Reply With Quote
Old 01-01-2016, 04:09 PM   #28
Senior Member
Life Without Whine's Avatar
Join Date: Dec 2014
Location: Tampa Bay area
Posts: 547
Had decent cash saved then put as much as they would allow on my credit card (so I got all that cash back) that was paid off immediately then used home equity loan to pay off the balance, get a lower rate & tax write off on interest ....
Terri + Joe + BrewDog Boont
Camping a long weekend every month since starting in May of 2013 in order to practice for retirement .... Florida is a great state to have this bad habit
Life Without Whine is offline   Reply With Quote
Old 01-01-2016, 04:44 PM   #29
Senior Member
The_Rhino's Avatar
Join Date: Apr 2014
Posts: 660
Previously I owned a business & would just take-on extra work to either pay cash or pay stuff off quickly... However, this mentality drove me into working 6+ days per week, 50+ weeks per year...

After having 3 kids I made a mid-life career change & now am an educator with less pay but summers off & more evenings/weekends w/family. However, this (good) trade-off means that we now have to find good deals AND finance major purchases... When the kids are grown I can always resume the business - but I will never get-back missed time with them now during their early formative years... (They actually like spending time with mom & dad right now...)

Because we were new to camping, we needed to buy our TV & TT within the same year. First, we bought a 2 year-old Ram 2500 for $14K & 6 year term @3.5% for a monthly payment of just $220. Then we bought a 3 year-old Tracer 3150 TT for around $20K & 12 year term @ 4.5% with monthly payments of just $180.

Since our combined TV/TT payments are only $400/month we have extra every month for camping, Christmas, kids' sports, emergencies, etc. & can easily double payments 6-8 months out of the year. At this rate, we will have the Ram paid-off after 4 years of ownership & the TT after 6 years of ownership...
2011 RAM 2500 ST Crew Cab 5.7 Hemi ($14K in '13)
2011 Primetime 3150BHD Touring Edition ($20K in '14)
Days camped in 2018-25
2017-31; 2016-36; 2015-37; 2014-31

The_Rhino is offline   Reply With Quote
Old 01-01-2016, 05:29 PM   #30
Senior Member
Join Date: Oct 2015
Location: Wisconsin/Florida
Posts: 1,146
Good choice, Rhino

Good choice, Rhino, the kids won't wait to grow up. We always had the kids camping. Even got the in-laws into it. You are making memories for them that they will cherish for life. A family that plays together, stays together!!

PenJoe is offline   Reply With Quote

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

» Featured Campgrounds

Reviews provided by


This website is not affiliated with or endorsed by Forest River, Inc. or any of its affiliates. This is an independent, unofficial site.

Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -5. The time now is 06:40 AM.