Western ND | coup - 2/7/2021 08:20
Was talking to a guy the other day, one of the workers that he is boss of where he works bought a new camper on 10 year loan @ 6.5% int.
This phenomenon took off last year for what ever reason, not exactly the same terms but campers, boats, ATV/UTV, you name it. While some were tightening the pocket book not knowing what was in store with a "pandemic" others felt it was necessary to go crazy buying toys. By March it was hard to find any of them things without going hundreds of miles away. Lots of toys financed 10-20 years out. I don't get it but to each their own. |
Insanity of 10 year consumer credit loans Vs Investing those $
