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Old 01-03-2016, 01:43 PM   #51
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Now here is something even i can understand.
Is the Interest on Your RV Loan Tax Deductible
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Old 01-10-2016, 09:36 PM   #52
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Rubbernail hit the nail on the rad.😎
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Old 01-11-2016, 12:48 PM   #53
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We financed ours for 10 years and put a good deposit on it.
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Old 01-11-2016, 01:07 PM   #54
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I usually payed cash up till the last new tt. Found out I could borrow my own money so all I pay is interest and at the end of my loan I have all my money back and I get to deduct the interest. I'm also getting interest on my money as it gets put back into my account. This is through my credit union. Later RJD
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Old 01-12-2016, 04:23 PM   #55
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Cash. I don't like payments. Plus it's mine. I can do anything I want without worry.


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Old 01-12-2016, 04:50 PM   #56
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A lot depends on the situation. I bought a new tractor last year and got 0 percent for 72 months thru John Deere. Crazy to pay cash with 0 percent interest.
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Old 01-12-2016, 06:20 PM   #57
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For all major purchases I try to get a great deal up-front which helps to offset the thought of what interest is costing over the life of the loan...

For instance, we sold our last home BEFORE the recession, making a 30% profit. We then waited for the recession prices to bottom-out by living almost a year in a family member's (very small) house... We then bought our current large home with land in the country for 20% less than the lowest recession appraisal, so today it's worth about 35% more than we paid & it appreciates about 3% per year. As long as we are not in the middle of another recession if/when we sell, the interest paid will almost be a wash...

Likewise, we bought a new Honda Odyssey for $24K when the best deals around were $27K+... We paid it off early, so interest was around $3,000, or about the same as the difference between what we paid & what others paid (long story about the deal...)

More recently, we bought a (used) 2 year-old Ram 2500 for just $14K when book value was $18K. Even with NO money down, it has always had equity - even friends have offered to pay more... We're also paying it off early, so total interest paid will be less than $3K...

It was harder to find a truly great deal on new/used TTs because a lemon will cost more than you save in any bottom-dollar deal... However, we chose to buy a gently used TT for around $20K, or 30% less than best wholesaler/sale prices of new ones... I closely inspected over 30 new/used TTs before choosing this one, and it has been absolutely trouble-free for over 2 years of camping 30+ days per year... Now THAT's money in my pocket! We're also paying this loan off early, but will still pay about $5K in interest altogether... IMO this trouble-free TT is worth $25K to me so I feel I am getting a good VALUE...

So, IMO if purchase price + total interest is less than what others are paying cash, I'm a happy camper, pun intended!
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Old 01-13-2016, 05:33 PM   #58
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Always paid cash when we had TT, but when we bought our Motorhome put 50% down and got a great low rate. Nice thing is we won't be upside compared to what we owe.
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Old 01-13-2016, 05:56 PM   #59
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I finance mine 100% with my low interest unsecured line of credit.


That way when I kick the bucket, I win! LOL
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Old 01-14-2016, 09:22 PM   #60
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It is a toy. Always pay for toys with cash.
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