Dave Ramsey Says Avoid RV Loan Debt when Full-Time RVing can i apply for housing benefit

I’m not a ramsey fan. I figured out the financial aspect of home budgeting long ago and live 100% debt free, including my home. Ramsey didn’t say anything enlightening in this interview, nor would his advice influence my desire to do as I see fit for my life. An RV is not an investment, but neither is most anything you buy (see your car, for starters, then look at how much a homeowner forks over for a house, such as taxes, insurance, repairs, utilities, furnishings, and see if you recoup your costs for it enough to be called an investment. Only big business and banks make money off you.) I prefer to pay cash for everything, but in situations where I need a big ticket item before I can save, I get loans with the lowest interest rates then pay it off early.

Most people don’t make enough money to save for those items in a reasonable amount of time.How can i apply for housing benefit likewise, I wouldn’t buy new where a used item is cheaper, provided it’s in good quality shape. I get all the benefits of new with the payments of used. I only buy when it’s an item that I need, not want. I’m not pulled in by gadgets or nickle and diming myself. I think and plan ahead when it comes to my money and time.

For instance, in spite of what ramsey says (nor would I listen to his advice putting a damper on my choices when I trust myself more than him), I actually NEED an RV because of the nature of my work. I live on the road full time and want a home, not live out of cheap motels the rest of my life (and I may never want a sticks and bricks home again). I am not opposed to getting a loan because I’m 99% certain I can pay it off early with a decent down payment. I’m looking at an RV as HOME, which I value more than money.How can i apply for housing benefit A loan may become necessary in my situation because I need a full-time/4 season 5th wheel – I cannot fly with the birds, nor do I have the cash now. I trust only me with my decisions with my money. Ramsey can only give ideas or generalities, but in the end, you have to live with your choices and are responsible for what decisions you make and why you do it; understand the benefits or consequences in various scenarios pertinent to your life.

I think a good experiment would be after having bought your RV with a loan and living in it for a while, go back to the bank and ask them how much you can borrow from the built up equity in your now used RV. I bought a nice used class b and paid cash but I had been saving for years and could’ve paid for a new one but having grown up and not always getting what I wanted taught me disicipline, plus we still have a nice house to always come back to that’s also paid off.How can i apply for housing benefit it’s really not complicated.

Hi! I enjoyed your post and all the comments. We made a move, albeit a bit too early! I should have read this post before we went to the bank. Here is our boring story. We married 15 years ago with a ready made/blended family and 2 kids still at home (mine). Don and I were renting a condo and while it was nice, we just wanted to be free to come and go without all the drama of packing the car for trips. Since he was a master mechanic, he had cars/RV’s come into the shop all the time (this was in junction city, oregon – RV capitol of the PNW at the time).

We bought our first rv (a 1978 concord) and paid for it outright. We used it for a year coming and going and then upgraded it to a 1989 beaver coach (with small loan after our trade-in). We then took the plunge and as a family, agreed to move into the beaver full time.How can i apply for housing benefit we home-schooled the kids and don still worked as a mechanic until the doctor told him no more – torn rotator cup. Fast forward a few years and the coach/tow car paid off, we ended up buying a stick house since the kids were getting older and needed more space. Paid the house off with a settlement (rare, I know) and have been there for 13 years. Last year, we bought a 1994 winnebago brave and financed it but on a short-term loan. Last week, we traded it in on a 1999 38′ winnebago vectra and financed it on a 5 year loan. THEN I read your article! I think we will be okay though. Other than the RV (new one) and a truck payment, we are debt free. The house is collateral for our RV and our investment for when we get older and can’t live a nomadic lifestyle anymore. Our income is set (due to 100% disability (VA) and SSDI).How can i apply for housing benefit now don’t get me wrong, I understand that this income could go at any time so we have been socking away our spare change in fear this will happen in our lifetime. The kids are raised and on their own. Well, one is in college in africa (missions major) but they pay their own way. So, now I am wondering if we should go ahead and try to double up our payments on this new rig, rent out the house for a return on maintenance costs for the house, and live really frugal in our fancy RV until we have this 36K paid down.

I agree with the above comments on buying used but gently used. Having lived around RV dealerships, manufactures, etc. All my life, it is amazing the difference in cost between a brand new one and one just 2 years old. Not to mention WHERE you buy your rig. The same model/year/floorplan back in JC on the guarantee used lot was nearly 46k and here in little ol’ oklahoma, it was quite a bit less.How can i apply for housing benefit

However, regardless of if you pay cash for your rig or finance part of it to get it sooner – it’s still going to likely go down in value. And for sure, if you can find a suitable slightly used one, you’ll have less value to drop with that purchase. And you can insulate yourself further by not financing beyond what the expected depreciated resale value might be in 5 years? Dave’s got some great wisdom and insight – but in the end, it’s YOUR life and YOUR home.

If the space issue is starting to add any level of stress to your life, it could really be worth it to find a way to very consciously finance an upgrade as an investment in your happiness, sanity and sustainability of your lifestyle. Your RV *IS* your home, regardless if it has wheels. And I dunno, real estate hasn’t really been the investment for a lot of folks as that’s cracked up to be… so I personally don’t place it in a special category.How can i apply for housing benefit

As you know, last year we went substantially larger than our former trailer, and we went substantially older after owning two brand new rvs. And we couldn’t be happier, and so glad we made the move. Having the space really was just what we needed to better suit our lifestyle – especially as our workload started picking up and we needed more comfortable office space.

– while it’s true that you are at the mercy of whoever had it last, you also may have an advantage that the previous owner already dealt with the issues. After having owned 2 brand new rvs and 1 used – we can say, they ALL had issues to be dealt with.