micbob said:
Wife and I are in our 50s and owe less the 48k on our home. Have boat and car payment. Paying a few debts down and looking to purchase a class A RV between 80k - 100k. Putting down 10 to 20%. Good credit scores. Is the RV finance process difficult? Is there a recommended manufacturer? Thanks! Sorry for vague questions.
Welcome to the forum.
New to RV'ing and you want to spend 80-100K?
Do you even know if you will like Rv'ing?
We almost always recommend that anyone new to RV'ing buy used for their first unit at least.
The depreciation on a new RV is not like on a car - it's way worse. Also many new RV's are not perfect and require many trips to
have issue solved. Buying used many times those issues are solved and you will enjoy the experience more with less headaches.
I don't know what your home is worth but a home equity loan is one possibility and the interest is deductible.
Although if you go that route you should set that up before shopping for a RV, that way you'll know what you can spend and it
will be ready when you are.
We don't usually recommend a make or model but instead recommend that the floorplan is the most important thing to consider
after over all condition of the RV passes inspection. Living in one for a few weekends a year is different from living in one months
at a time or more. Size of a RV is another big decision you will have to make, which will effect other things too.
Gas VS. Diesel is always a big hurdle to get over and there are pro's and con's to both. It depends somewhat on how you plan to use a RV.
Where you live and or where you plan to travel with it can make a big difference. All RV's require maintenance of some type or another.
How able you are to do the work can make a big difference on the cost of said maintenance.
Good luck - hope things work out for you and the wife.
One more piece of advice - don't jump in to a RV or make an impulse buy. It takes some time to know what's good or bad in a RV.