solman

It depends on your situation, but I just purchased a DP and found my only two options for purchasing ($52k) a 2001 32' Country Coach with only 28k miles and owned by a retired diesel mechanic as follows (governed by my situation) 1. Borrow up to $60k using two of my car titles at 1.9%. Or 2. Take out a home equity loan at 8% Obviously, I chose option one. One of my cars was actually for sale and it sold 3 days after purchasing the CC. At this point I owe $28k on the motorhome. The equity loan has the advantage that it's a tax write off, but frankly I'd rather have the 1.9 rather than the write off. The fact is it is hard to get loan on any RV over 10 years old unless you have equity in your portfolio somewhere.