I tried to pull my FICO score, I get a free try from my bank and they could not do it, it does not even exist. So I fall in the "no credit" category. No established accounts for over 6 months. I am totally cognizant of bank's requirements and that is the dilemma: Wait and rent for another year, hoping it will hit 700, which is doubtful and lose tons of money in the process or buy under not very good financial conditions a new
It's not that I am doing this to save money but I like it as a lifestyle choice. For what it gives me, the entire package. I full-timed for 2 years and came to realize what I liked and what I didn't. I also get the "TCO" concept. What is essential and what is just bells and whistles. The reason I did not do it a decade ago because I was a single parent of a young child going through a custody court and living in an RV did not look good in the courtroom. Now my circumstances have drastically changed. I am not sure I fit in the paradigm of most people in this community. I work in IT and may relocate once or twice a year. An RV opens options. I knew a successful IT contractor, he traveled around in a classy Airstream. Way cheaper than renting hotel rooms or month to month rooms. It's not what you get but the value of it.
So I am facing a bad and a worse choice. The obvious solution is to buy with cash, in a perfect world. And I could have done so a decade ago but I chose to pour my funds into attorney fees and such. I won but it's such a pyrrhic victory. It wasn't my choice, any of it and due to circumstances beyond my control, life happens.
At this point i am trying to figure out much options and how "bad" it will be. And what the process to go through and what to expect. Do they stick me with an 18% interest rate on a loan on a new RV?