dealer financing, home equity loan, or banking or credit union financing? i would like to travel in a conventional travel trailer with my family, in the future, when i buy an r.v., and i need to know which method to us to buy, and pay off my r.v.
2006-09-07 09:29:33 · 3 answers · asked by petersburg.crater 1 in Travel ➔ United States ➔ Other - United States
I prefer to own mine upfront.
So when I purchased it, I got a used one in excellent condition, and liquidated assets in order to purchase it outright.
Just my personal preference.
I own my truck outright too.
Of the above choices, I would recommend against dealer financing, and suggest either home equity loan or credit union financing.
Also, I would still recommend buying a good used travel trailer ... one that is 2 years old and hasnt been lived in fulltime will be in excellet condition and probably cost 30% less than a brand new one.
2006-09-07 12:36:52 · answer #1 · answered by Pichi 7 · 2⤊ 0⤋
Dealer financing or bank or credit union loan whichever has the best rates. Beware that some dealers advertise low rates, but charge more for the unit to make up the difference. Do NOT use a home equity loan because if you run into financial difficulty and are forced to default, you will lose your home as well as the RV.
2006-09-09 14:55:22 · answer #2 · answered by Ray 4 · 0⤊ 0⤋
We bought our r.v. this year and used an rv wholesaler, but paid for it with a cashier's check from our credit union. The credit union rate was much less than the wholesalers or our bank.
2006-09-07 09:33:27 · answer #3 · answered by SuperGeek 3 · 0⤊ 0⤋