Reply
 
Thread Tools Display Modes
Old 06-27-2016, 01:06 PM   #1
Senior Member
 
RollingDownTheHighway's Avatar
 
Join Date: Jul 2011
Location: Connecticut
Posts: 565
refi TT, is it worth it

We have a little over 5 more years on our note for our tracer, I was thinking of doing a refi for a lower rate but still send the normal payment that we do now. I was wondering if anyone did refi on their TT or 5'er and would it be worth it.
__________________

__________________
2013 Prime Time Tracer 3200BHT
2016 GMC Crew Cab Duramax All Terrain
Ribs in the smoker and Whiskey in hand
RollingDownTheHighway is online now   Reply With Quote
Old 06-27-2016, 01:15 PM   #2
Senior Member
 
Join Date: Apr 2016
Posts: 784
It really depends on your current interest rate, the interest rate of the new loan, how much you owe on the trailer and how much it's worth.
__________________

__________________

2016 Coachmen Freedom Express Liberty Edition 310BHDS
2013 Chevy Silverado 2500HD LTZ 6.6L V8 Duramax
Husky weight distribution hitch with sway control
timfromma is online now   Reply With Quote
Old 06-30-2016, 11:05 PM   #3
Senior Member
 
97flhtcui's Avatar
 
Join Date: Jul 2007
Location: Austin Texas
Posts: 136
You never mentioned how many years you already paid. If you financed for 10 years then you already paid a good chunk of finance charge.
__________________
2011 Ford F-250 6.2l gas 373 rear end
2015 Cedar Creek 34RL
97flhtcui is offline   Reply With Quote
Old 07-01-2016, 07:48 AM   #4
Senior Member
 
Pinn's Avatar
 
Join Date: Feb 2016
Location: Raleigh
Posts: 151
DH and I did a Refi on our HiLo while we still had it to get a lower rate. We were happy with the outcome.
We plan on doing a Refi on Chole' when the time is right, they are killing us on the interest rate.
__________________
2013 Flagstaff 27RLWS - Chole'
2012 Ford F-150
2015 Ford F-150
NC
Pinn is online now   Reply With Quote
Old 07-01-2016, 11:04 AM   #5
Senior Member
 
Join Date: Sep 2010
Posts: 1,480
Spend a few minutes with an online amortization calculator and it can tell you exactly how much you will save or not save.


2010 F250 5.4L 3.73
2011 Flagstaff 831FKBSS
Equal-i-zer 4pt 12K
__________________

2011 Flagstaff 831FKBSS
2010 F250 4X4 5.4L 3.73 LS
EQUALIZER E4 1200/12000
lbrjet is offline   Reply With Quote
Old 07-02-2016, 03:30 PM   #6
Senior Member
 
W5CI's Avatar
 
Join Date: Jan 2016
Location: Carlisle, Arkansas
Posts: 435
Refinance , I always pay Cash
__________________
2004 Cedar Creek 30RLBS RV FlexArmor Roof
2015 RAM 3500 DRW 6.7 Cummins 3.42 Garmin 760RV
Firestone Air Bags/Air Lift Wireless One Controller
40 Gal TransferFlow fuel tank
Amateur Radio W5CI AR-0043-29
2016 Days Camping 50
W5CI is offline   Reply With Quote
Old 07-02-2016, 03:41 PM   #7
Senior Member
 
bubbles's Avatar
 
Join Date: Dec 2012
Posts: 1,938
Quote:
Originally Posted by W5CI View Post
Refinance , I always pay Cash
That's great. However; if everyone waited to do it your way this forum would not exist.
__________________
bubbles is offline   Reply With Quote
Old 07-17-2016, 12:40 AM   #8
Member
 
Join Date: Apr 2013
Posts: 85
Quote:
Originally Posted by W5CI View Post
Refinance , I always pay Cash
And? Do you have any information that would help the OP?
__________________
2013 Rockwood 2703WS
2014 Ram 2500 6.4L HEMI
IndyCamp is online now   Reply With Quote
Old 07-19-2016, 11:03 PM   #9
Junior Member
 
Join Date: Jun 2016
Posts: 15
Quote:
Originally Posted by W5CI View Post
Refinance , I always pay Cash
Not money well spent in my eyes.

With the rate of depreciation on an RV and considering the relatively low interest rate, you are better off financing the deal and investing what you would have used to pay the balance on the RV in the market.

With the rates of return on a mutual funds, you would be money ahead investing the dollars and paying the finance interest rate, while reducing risk by not aiming the depreciated amount in the case you have to off load the camper.

Sent from my SM-G925V using Tapatalk
__________________
jcarlilesiu is offline   Reply With Quote
Old 07-20-2016, 02:58 PM   #10
Senior Member
 
RollingDownTheHighway's Avatar
 
Join Date: Jul 2011
Location: Connecticut
Posts: 565
refi TT, is it worth it

Quote:
Originally Posted by W5CI View Post
Refinance , I always pay Cash

We paid cash for our first one and it wasn't a smart move, financed our second one and get some nice tax breaks, nothing major but they consider it as our second home even though it's an RV. I'll never pay cash for another one
__________________

__________________
2013 Prime Time Tracer 3200BHT
2016 GMC Crew Cab Duramax All Terrain
Ribs in the smoker and Whiskey in hand
RollingDownTheHighway is online now   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.

Our Communities

Our communities encompass many different hobbies and interests, but each one is built on friendly, intelligent membership.

» More about our Communities

Automotive Communities

Our Automotive communities encompass many different makes and models. From U.S. domestics to European Saloons.

» More about our Automotive Communities

Marine Communities

Our Marine websites focus on Cruising and Sailing Vessels, including forums and the largest cruising Wiki project on the web today.

» More about our Marine Communities


Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -5. The time now is 08:06 AM.