The essence of what folks are saying is that at least with the RV loan you can write-off the interest as your "2nd home" so you are better-off owing on the RV vs. higher interest auto loans, credit card debt., etc. with interest you cannot write-off... Yes, not owing is better, but most people my age have a mortgage & auto loan...
I used to counsel folks who had just lost their jobs & it can happen to anyone, anytime - especially when the Dow drops 500+ pts, like last Friday... IMO I would rather have $20K in savings with the bank owning the RV in the driveway than have to worry about selling the RV (at a huge loss during a recession) until a new job could be secured...
A couple years ago I made a career change mid-life which meant working less hours & taking grad. classes full-time. I could not have done that if we had all of our savings sitting in the driveway... Everyone's financial picture is different, so the advice that works for one may not be good advice for another...
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