By Mark Polk
RV EDUCATION 101®
If you buy an RV and don’t have any money left in your budget to use and enjoy the RV, it is nothing more than a large yard ornament sitting next to your house.
The price you pay for the RV, the interest rate and term of the loan determine what your monthly payment is. The longer the term of the loan is the lower the payment is, but you need to be comfortable with making this payment over the entire life of the RV loan.
You also need to consider other expenses, like maintenance, storage and campground fees.
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