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Old 01-01-2016, 01:01 PM   #21
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Join Date: Apr 2013
Location: Idaho
Posts: 1,804
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
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!
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Old 01-01-2016, 01:05 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.

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Old 01-01-2016, 01:10 PM   #23
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Join Date: Feb 2015
Location: Lampasas, TX
Posts: 254
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 MH
2008 Keystone Cougar 293SAB 5th Wheel
2007 Jay Flight 30.5RLS 5th Wheel
2006 Jay Flight 29BHS TT
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Old 01-01-2016, 01:16 PM   #24
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Posts: 170
Cash, spending the kid's inheritance. Thank goodness they don't need it.
The Millers, enjoying life, spending the kids inheritance.

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Old 01-01-2016, 01:55 PM   #25
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It was my gift to me when I sold my home and retired😊
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Old 01-01-2016, 02:03 PM   #26
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Join Date: Mar 2011
Posts: 8,779
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
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Old 01-01-2016, 03:01 PM   #27
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Location: Wisconsin/Florida
Posts: 489
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.
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Old 01-01-2016, 03:09 PM   #28
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Join Date: Dec 2014
Location: Tampa Bay area
Posts: 264
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 ....
Camping since May 2013 .... FL & GA only so far .... loving it!
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Old 01-01-2016, 03:44 PM   #29
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Posts: 513
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
2011 Primetime 3150BHD Touring Edition
Days camped in 2016-36
Days camped in 2015-37; Days camped in 2014-31

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Old 01-01-2016, 04:29 PM   #30
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Location: Wisconsin/Florida
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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!!

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