We finance ours so that we can have it now, but, also because of the tax deduction. In the long run it may be more money, depending on where interest rates and my retirement accounts earn.
And, yes, there are some people who just have to have the biggest and baddest, or at least keep up with their neighbors/friends. They do frequently over extend themselves in everything, houses, cars, boats, RV's, etc.
For those who choose to finance and do it within their means, then why not?
We have seen more of our friends and family pass away before being able to enjoy a retirement. So we want to enjoy more now rather than not be able to later. Yep, it can be a lame excuse for self gratification, but, that's the way we feel.
charlie
2006 Toyota Tundra Crew Cab
2003 Skyline Nomad 24ft Fiver
Me and Wife
Maggie the Old English Sheepdog
I used to get upset when I saw a really nice rig rolling down the road in the middle of the week. I figured anyone with that kind of rig should be at work during the week to pay for that sucker! Anyway you can do it (finance or pay cash) is the right way for you. Everone just keep on camping!
F350 Diesel; Teton 5er;
Native Texan - Transplanted Tar Heel
Retired USMC
Semper Fi !
I started buying toys when I was in grade school, and did it with money I earned. I was in my 20's when I bought my first Class A, and I did it in order to make it more comfortable to enjoy my motorcycle and auto racing, and our camping/fishing. And, this comfort was more for DW and kids(2) than for me. We're on our 6th motorhome, which now looks like it'll be our last. Racecars, motorcycles, boats, street rods, and airplanes,.....we've had a lot of toys. But, I don't remember ever buying one without being able to just write a check for it. We always saved up for it first. Here's a clue, the ONLY brand new boat and motorhome that we've bought are the ones we NOW have. We waited a long time to buy brand new.
We're debt-free, but we worry about the run-away increases in the cost of living. At the rate it's going, in a few years, we'll be fortunate if we're able to pay for just the basics, like taxes/utilities/insurance/food.
Willie & Betty Sue
Miko & Sparky
2003 41 ft Dutch Star Diesel Pusher/Spartan
Floorplan 4010
Blazer toad & Ranger bassboat
With that question, you could almost ask how anyone would pay $50 for a pay-per-view wrestling match on TV, movie tickets, sports tickets, nascar race tickets, boats, hunting equipment etc. It's just what people do. Financing a 'house' triples or more, the value of the house, but people do it.
Well, I financed the MH (Bank of MOM), but I only paid $7700 for it. I also "financed" the boat. But, I bought it from my brother who couldn't afford to get it running and only paid $1500 for it (it's paid off now). ALL my cars have been financed, couldn't have done it any other way. I'm happy for those that can afford to pay cash, but I can't.
2Rovers wrote: With that question, you could almost ask how anyone would pay $50 for a pay-per-view wrestling match on TV, movie tickets, sports tickets, nascar race tickets, boats, hunting equipment etc. It's just what people do. Financing a 'house' triples or more, the value of the house, but people do it.
Triples the VALUE of the house? Don't think so.
Steve
2007 Springdale 291RKL
2003 F150 King Ranch
2001 Dodge Van w/Wheelchair Ramp
1991 Palomino Mustang PUP
Eureka Timberline Tent
Yamaha IF2400isc
Yamaha EF3000iSEBC "Politically Incorrect And Proud Of It"
I've often wondered why so many people are so hung up on what others do. If I finance my rig, what effect does it have on anyone else (assuming I pay my loan on time). I also feel that some who have claimed to have "paid cash" seem to have a holier-than-thou attitude to those who, without financing, wouldn't own a unit. I've also seen those who have smaller, less expensive units display a real chip on their shoulder against someone in a big Class A. My question is WHY. We have what we have and we do what we do for our own reasons and shouldn't have to justify them to anyone.
I think the poster who said "triples the value" meant "triples the cost".
Crowe wrote: I've often wondered why so many people are so hung up on what others do. If I finance my rig, what effect does it have on anyone else (assuming I pay my loan on time). I also feel that some who have claimed to have "paid cash" seem to have a holier-than-thou attitude to those who, without financing, wouldn't own a unit. I've also seen those who have smaller, less expensive units display a real chip on their shoulder against someone in a big Class A. My question is WHY. We have what we have and we do what we do for our own reasons and shouldn't have to justify them to anyone.
I think the poster who said "triples the value" meant "triples the cost".
No matter how much we try to be like robots, it ain't happening. We're just people/humans, and we all have shortcomings and hangups. I used to get paid for looking down on people, and now that I'm retired I'm finally making headway on shaking the habit. Pride and bravado, a terrible combination.
Not to worry, the extended fuel-shortage experience will humble all of us,.......most of us.
i imagine people wonder about us, too. We drive a nice 2004 Expy, pulling a new 20ft Puma TT. DH suffers from a lung/heart disability so he gets SSDI(not as much as you'd think)and we have a handicapped tag. I work as a school nurse, so I don't make a lot of money either,but I have summers off. We have a very disabled 13yo son and a 15yo daughter, as well as our giant Poodle. I imagine a lot of people wonder how we pull it off.
Here's how we did it:
* My dad died and left me some inheritance*
We had bought a pop-up years before and pulled it with our mini-van. Now that we're getting older and there are serious health issues we decided to invest some of that money into a TT so we can continue to enjoy the great outdoors in relative comfort. We bought our TV at the same time and it's been a god-send.
I don't feel defensive or sad. It is what it is. My dad would have thought it was a stupid decision, but we love our little Puma. It has enabled us to take the kinds of vacations that work for our family.
"Those who dwell...among the beauties and mysteries of the earth are never alone or weary of life."--Rachel Carson, environmentalist, 1956
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