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My RV Loan – Dumbest Loan I Ever Got
By far the dumbest loan I ever got approved for was my RV loan – why? Because I bought a brand new motorhome and it depreciated instantly as I drove it off the lot. I bought it for $69,000 dollars and the RV is now worth about $35,000 if I’m lucky. Not all this, but the loan is fairly expensive at a 7% rate. I should really put the whole loan on my line of credit at a lower interest rate, and then pay that down monthly.
If you are going to take out a loan for an RV I highly recommend that you buy a second hand used machine with a low amount of miles on the odometer, and preferably from some private owner who looked after it. There is ONE advantage to buying a new coach, and that is that you look after it right from the beginning and you KNOW what is wrong with it.
But anyway, there you have it – the dumbest loan I ever got.
Related posts:
- My RV Loan – The Dumbest Loan I Ever Got By far the dumbest loan I ever got approved for was my RV loan – why? Because I bought a brand new motorhome and it depreciated instantly as I drove it off the lot. I bought it for $69,000 dollars and the RV is now...
Financial Aid and Student Loans [2]
Continued from [1] The problem with is that education has become so cost...
Continued from [1] The problem with is that education has become so cost...
Bad Credit Business Loan in Dayton Ohio for $100,000
The applicant here wants to borrow one hundred thousand dollars for a small...
The applicant here wants to borrow one hundred thousand dollars for a small...
$1800-$2300 Bad Credit Car Title Loan in Mansfield OH - Richland Cty
This proves that anyone can find themselves in trouble financially. This pr...
This proves that anyone can find themselves in trouble financially. This pr...
$300-$500 No Teletrack Instant Payday Cash Advance - Athens, Oh
This applicant wants a no teletrack loan with a cash advance that is instan...
This applicant wants a no teletrack loan with a cash advance that is instan...
$1500 Quick Cash Loan in Grove City, OH - Payday Cash Advance
This applicant is in real rough times and needs a quick cash loan in Grove ...
This applicant is in real rough times and needs a quick cash loan in Grove ...
$20,000 Home Repair Home Equity Loan in Bexley Near Columbus Ohio
This home equity loan request came in from Bexley (near Columbus, Ohio) and...
This home equity loan request came in from Bexley (near Columbus, Ohio) and...
$1000-$2000 Bad Credit Auto Loan in Columbus - Dan V.
$1000-$2000 Bad Credit Auto Loan in Columbus -- Is there any lender in Colu...
$1000-$2000 Bad Credit Auto Loan in Columbus -- Is there any lender in Colu...
Horrible Credit Loan for Lucinda in Columbus - $2000-$3000
This applicant gave us permission to post this diatribe online - she has a ...
This applicant gave us permission to post this diatribe online - she has a ...
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