Reply
 
Thread Tools Display Modes
Old 01-01-2016, 08:59 AM   #1
Senior Member
 
wicked1's Avatar
 
Join Date: Sep 2014
Location: Manahawkin
Posts: 2,221
Do You Finance Your RV or Purchase Cash

Just wondering if people finance their RV's or only purchase with Cash?

I am trying to see if it is worth it to finance my new one or not and keep cash in the bank. This is just a thread of curiosity as I know it depends on financial situations


2014 F150 FX4 Crew 4X4 EB
2015 Roo 23IKSS

Sent from my iPhone using Forest River Forums
__________________

__________________
2016 F350 Supercew Short Box 6.7 PowerStroke Diesel
2015 FR Rockwood Roo 23IKSS
wicked1 is offline   Reply With Quote
Old 01-01-2016, 09:09 AM   #2
Senior Member
 
RSchleder's Avatar
 
Join Date: Apr 2014
Location: Iowa
Posts: 1,277
Paid cash for our last 3 units. Like most folks, when the kids were young or in college, we financed our cars, RV's, and home. Time and personal situations change and as they say--"Ya gotta do what ya gotta do". Each family/individual will need to use whatever means works for them based on their "point in life" as well as financial situation. There certainly is no one size fits all when it comes to purchasing large ticket items!
Rate of return on savings/investments vs loan interest rates will also be a decision factor by many folks.
__________________

__________________
Days camping (2016)----181 days
Days camping (2017) --- 82 days
2016 Wildcat MAXX 28RKX (33' TT), 2007 13' Scamp
2015 Ram Laramie Hemi, w/air suspension
30 years RV'ing
12 different RV's
RSchleder is offline   Reply With Quote
Old 01-01-2016, 09:23 AM   #3
Senior Member
 
DaveSchwartz's Avatar
 
Join Date: May 2014
Location: Waterloo Region
Posts: 717
If you have both the cash and the credit available then it comes down to a calculation of whether it will cost you more to use someone else's money (interest on the loan) than the return you would get in some other form of investment. In addition, there is potential lost opportunity cost (having your money tied up and not available for other needs or opportunities). Plus, an RV is always a depreciating asset and you might be able to use your money for an appreciating asset. Essentially, consider under which strategy you will be farther ahead at the end of the potential finance period.

Like the above reply, it all depends on your individual circumstances.
__________________
2015 Rockwood Signature UltraLite 8282WS Platinum, GY Marathon LRD, TST 507RV TPMS
2005 GMC 2500HD CCSB D/A, Curt E16, Prodigy P2, Garmin RV760LMT w/BC-20 b/u cam

Self restraint is for the young. I'm old and want it NOW!
DaveSchwartz is offline   Reply With Quote
Old 01-01-2016, 09:28 AM   #4
Senior Member
 
5er_tom's Avatar
 
Join Date: Dec 2012
Location: Durham, NC
Posts: 1,330
We finance. Low interest rates plus the RV qualifies as a second home so the interest is a deduction on our taxes.


Sent from my iPhone using Forest River Forums
__________________
Tom & Renée
Durham, NC

2015 Wildcat 295RSX
2012 Ford F-250, 4x4, 6.7 Liter Diesel
5er_tom is offline   Reply With Quote
Old 01-01-2016, 11:11 AM   #5
Left Coast
 
Join Date: Dec 2014
Location: vancouver,washington
Posts: 15,649
Send a message via Yahoo to bob caldwell
Paid cash...plan on spend'n it before someone else does
__________________
bob caldwell is offline   Reply With Quote
Old 01-01-2016, 11:15 AM   #6
Canadian Contingent
 
Dogpatch's Avatar
 
Join Date: Oct 2015
Location: Euro-Recliner
Posts: 165
I use my line of credit.

Lower interest rate. Not locked into any term. No payout penalties.
__________________
Les and Bonnie with 4 Leggers Bella and Shelby
2010 Cardinal 3450RL 4 slide Full Body Paint pushing our 2015 Ram 3500 Laramie 4x4 CCSB SRW - Pullrite 2900 Superglide 18k
Dogpatch is offline   Reply With Quote
Old 01-01-2016, 11:25 AM   #7
Senior Member
 
Join Date: Jul 2010
Location: Waynesville
Posts: 12,019
I refinance 3 times then file Bankruptcy ! Youroo!!
__________________
youroo is offline   Reply With Quote
Old 01-01-2016, 11:30 AM   #8
Senior Member
 
Join Date: Oct 2013
Posts: 477
Financed over 5 years with a reasonable down payment. We were never upside down on the loan and could have payed it off at any time or sold it and gotten some equity if an emergency came up. Interest on loan was tax deductible. Considered it a forced savings account.
__________________
2015 Chev Silverado 3500 dually D/A
2016 Cedar Creek 36CK
B&W Patriot 18K, Trail-Aire pinbox,
Level up, dual panes & all that stuff...
GOTTOYS is offline   Reply With Quote
Old 01-01-2016, 11:40 AM   #9
Left Coast
 
Join Date: Dec 2014
Location: vancouver,washington
Posts: 15,649
Send a message via Yahoo to bob caldwell
Mine is like a boat....Never stops ask'n for credit card....
__________________
bob caldwell is offline   Reply With Quote
Old 01-01-2016, 12:11 PM   #10
Senior Member
 
Join Date: Sep 2014
Location: NE Florida
Posts: 781
Quote:
Originally Posted by youroo View Post
I refinance 3 times then file Bankruptcy ! Youroo!!
__________________

__________________
Papa GLS is offline   Reply With Quote
Reply

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



» Virginia Campgrounds

Reviews provided by




ForestRiverForums.com is not in any way associated with Forest River, Inc. or its associated RV manufacturing divisions.


Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -5. The time now is 11:55 PM.