markovwgti 0 #1 April 10, 2009 The Rv im buying is in NC and is 60k, Im putting down 14k. Now the interest rate im getting from most people is 7%. So i will be paying 495.00 for 144 months, So in the end i will be paying $71,000. Now what if me and my gf plan on paying about 2k a month for the RV, we will pay it off in 2 years or so, can we avoid paying all the interest on the Rv? I heard from a friend that you can write a check for an extra 1500 and ask to put it towards the principal balance! Please help me with this...its very frustrating!! Quote Share this post Link to post Share on other sites
NewGuy2005 51 #2 April 10, 2009 I'm pretty sure you can, but ask the people that are giving you the loan how to pay it off early. Quote Share this post Link to post Share on other sites
wolfriverjoe 1,340 #3 April 10, 2009 Quote I'm pretty sure you can, but ask the people that are giving you the loan how to pay it off early. Ding!! Most loans (at least those through normal banks/credit unions) don't have any pre-payment penalty. I paid off my last 2 cars and my house well ahead of schedule and saved a bunch of money on interest I didn't have to pay. I just made sure I specified "extra towards principal" and sent one check. But check with whoever it is that the loan is coming from."There are NO situations which do not call for a French Maid outfit." Lucky McSwervy "~ya don't GET old by being weak & stupid!" - Airtwardo Quote Share this post Link to post Share on other sites
