An RV friend told me that he got a 20 year loan on his coach at age 78!
He could easily be upside down on that loan, meaning he owes more than the coach is worth. Had he put down the minimum required, he would be writing a big check to pay off the bank when he sells his coach.
Here's a great article with a shocking survey on this topic:
https://rvtravel.com/shocking-many-r...n-on-rv-loans/ They found that almost half of 650 respondents owed more than their RV was worth!
I had to swallow this bitter pill once, and vowed to never fall into that trap again. "Lessons are repeated until learned!"
Thor Forums
