Originally Posted by Still Kickin
The rate while important, is not as important as the term of the loan. Just sayin'
I would respectfully disagree--for me, the rate determines the term. If it's a low rate, I don't feel bad stretching out the length of the loan, and if the rate is higher, I'm usually determined to pay it off sooner. The rate is everything--it decides how much it's going to cost you to use someone else's money to buy your toy instead of using your own. With rates being so low, you're almost crazy to use your savings.
While I generally agree with the bank vs. dealer vs credit union debate, you gotta look. When I bought my Jetta in March, VW of America was having a .9% rate special for qualified buyers. With good credit, I was able to take out a loan with them over 5 years that will cost me less than $1500 over its life. Now, you'll probably never get that kind of rate from an RV manufacturer--after all, car dealers need to sell you a car more than you need to buy one, but RV dealers know that you're there because you WANT an RV or camper--no one NEEDS an RV or camper. So they offer rates accordingly...
2015 XLR Hyperlite 30HFS5 (mods being performed regularly)
2009 Salem LA 292fkds (gone)
Nights- ('12)23 ('13)23 ('14)15 ('15)31 ('16)25
2014 Harley Davidson FLHX (XLR cargo)
2014 VW Jetta TDI (diesel sipper, camping support vehicle)
2011 Ram 2500 CC 4X4 CTD, B&W Companion (toy hauler hauler)