Connect with us

Vacation

RV Loans: A Guide for Beginners

Published

on

There are different kinds of loans you can have that isn’t money. There are those for houses, as well as vehicles. One example is that for Recreational Vehicles or RV’s. RV’s are a great vehicle for long distance travels that offers comfort like you were at home. If  you are interested in taking an RV loan, here’s what you need to know.

What are RV Loans?

RV Loans are a type of loan where you can have an RV of your choice that you pay monthly for a specific amount of time. The price and interest rates will rely on your type of loan, the product, and the credit score.

RV Loans vs. Purchasing vs. Rent

There usually are three ways to have an RV. Either you buy, finance, or rent one. But how different are these methods, and which one should you choose?

Purchasing means buying the vehicle in one go. RVs are naturally expensive, with prices ranging from ten thousand to more than a hundred thousand, with some going as far as millions.

If you have the money to buy it, you can purchase it. However, the cost of buying RV does not end there. Maintenance is inevitable when owning a vehicle, and needless to say, there are several things that RV needs for maintenance because it is both a vehicle and a mobile home. Not to mention the fuel to make it run. You need to save a large amount of money from getting and taking care of it.

Financing the RV is also as expensive as buying the RV, but with a higher cost. This is because of the added interest rate, which is added to the vehicle’s monthly payment. The RV, if loaned, will be paid in small portions per month with interest.

If you want to own an RV, but don’t have an adequate amount of money to purchase one immediately, then you may apply for a loan. But, you need to make sure you have enough money to cover for the monthly payment, interest, fuel, and maintenance.

The last option is to rent. RV rentals are the cheapest way to experience an RV. The payment usually costs a few hundred dollars per day that the vehicle is rented, and you will most likely pay for the fuel as an additional fee. This is for those who do not want to own an RV want to experience and go on RV trips. It’s a short term payment and a great trial period if there’s an RV you’ve been eyeing to buy.

Where to get RV Loans

There are several establishments or institutions where you can apply for an RV loan. Examples are banks, credit unions, and online lenders.

Banks are the usual go-to for loans in general. You may opt for your bank since it’s where your money is stored. Depending on what bank you go to, you may be given an incentive to go to the same place for other financial transactions. If your bank does not offer RV loans, it’s best to opt for another way.

Credit Unions are also a good option for taking a loan. It is a non-profit establishment that is tax-free. What’s good about credit unions is that you get to own part of the union when you become a member. Members put their money in the union to fund financial transactions such as loans, which benefits those who apply. If you aren’t part of a credit union, you have to join one. However, before you apply for an enticing credit union, make sure that they offer RV loans.

Online Lenders are a convenient way to apply for RV loans or just loans in general. Transactions mostly happen online and are quick to get approval from. You can apply for a loan in just a few clicks, and the waiting time takes a few days, unlike big institutions where you may have to wait for a week. The rates are also lower since they do not have an additional charge for a physical office.

Types of RV Loans you may get

There are mainly two kinds of loans you can get in general: the secured and unsecured loans. Secured loans are those that require a collateral to be given away if you are no longer able to pay the loan. This collateral refers to an already existing property you have, such as a vehicle, your home, or any other property. Many RV loans are secured loans, where the RV will serve as the collateral. If you cannot continue paying the loan, the RV will be taken away.

Unsecured loans, on the other hand, are loans that do not need collateral. These are only offered to select people with a high credit score because it relies on the fact that borrowers can surely pay back, hence having collateral is unnecessary. However, these may come with higher interest rates, and if you can no longer pay for the loan, your credit score will be at risk.

Things to consider in RV loans

Before you apply to finance an RV, you need to consider several other things. These are the type of RV, your budget, and your credit score.

The first thing you need to think of when you want an RV is what kind of RV are you looking for? Think of a specific brand, or, even better, a specific model. What type of RV do you want? How big should the size be? What home amenities do you want in it? Research the type of RV you want first before anything else.

Your budget is another thing that matters. You may have chosen the RV you want now, but will it fit the budget? When shopping for RV’s, always look at the price tag. Study the loan you will potentially apply for. Look at the monthly payment and its rate, as well as the time frame of the transaction.

Your credit score is another thing that matters when applying for a loan. This helps lenders determine how creditworthy you are and will tell you whether you can get a secured or an unsecured loan. Those with a high credit score, depending on the scoring system used, can select between secured and unsecured, and those with low credit scores are likely to only avail a secured loan.

Takeaway

RV Loans are an excellent option for people who want to own an RV but cannot immediately afford the total price. Keep in mind that having one will require financial stability and budget control. Interested in applying for a loan? Check out My Financing USA RV Loans and other lenders that offer the same loan for more information.

About the Author

Lauren Cordell is a financial advisor and a dedicated travel junkie. She loves recording her travels and has a penchant for distant holidays. When not in travel, she writes about making the best of travel plans.

The post RV Loans: A Guide for Beginners appeared first on Travel Experta – Family Travel Blog.

By: Marina Villatoro
Title: RV Loans: A Guide for Beginners
Sourced From: feedproxy.google.com/~r/TheTravelExperta/~3/2UXhjSJfmyI/rv-loans-a-guide-for-beginners.html
Published Date: Thu, 15 Oct 2020 14:19:38 +0000

Did you miss our previous article…
https://vistagaze.com/vacation/postcard-perfect-scenes-constructed-from-memory-and-scraps-of-paper/

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Vacation

What could you order from Ansett Airlines’ inflight bar in the early 1970s?

Published

on

By

People have always liked to drink on board flights, especially people from Australia. Therefore, it should be no surprise to anyone that there was an inflight bar offering in the 1970s.

Ansett Airlines were a major player in the Australian domestic market up until their demise in September 2001. For many years, there were two domestic airlines, Trans-Australia Airlines (TAA) and Ansett.

Ansett’s Inflight Bar

At the time, Ansett operated Boeing 727s, Douglas DC-9s and Fokker F27 Friendships on domestic routes in the country. Airline tickets were quite expensive, with tariffs agreed upon by both airlines thanks to Australia’s weird two-airline policy at the time.

While tickets were expensive and food complimentary, you still had to pay for a drink at the bar. Here is an inflight bar menu from the era, showing the drinks available and their prices.

Clearly the pricing is astounding by today’s standards – 30 cents for a beer? I’ll have thirty-three please! I like how Australian gin is 35c while the imported gin is just 5c more. Which would you choose?

You can tell it is from another era as you can buy cigarettes on board. These price up at 45c, a far cry from the extortionate prices people in the west pay these days for a smoke!

Overall Thoughts

The on board offering is pretty comprehensive for internal flights, and I imagine you’d be hard pressed not to find something you might like. In those times, all payments would have been by cash as well, which would have meant a lot of coinage being handled on board.

Of course, things haven’t changed too much over the years. On many airlines you pay for your drinks just as they did back in the 1970s. Shame the prices aren’t the same of course!

Did you ever buy drinks on board flights from the inflight bar back in the day? Do you still? Thank you for reading and if you have any comments or questions, please leave them below.

To never miss a post, follow me on Facebook, Twitter and Instagram.
All my flight and lounge reviews are indexed here so check them out!

Featured image by Daniel Tanner on Airliners.net via Wikimedia Commons.
Menu image by Ikara on Australian Frequent Flyer.

By: The Flight Detective
Title: What could you order from Ansett Airlines’ inflight bar in the early 1970s?
Sourced From: travelupdate.com/ansett-airlines-inflight-bar-menu/
Published Date: Thu, 19 Nov 2020 15:03:14 +0000

Did you miss our previous article…
https://vistagaze.com/vacation/gift-ideas-to-buy-for-hiking-fans-on-black-friday-3/

Continue Reading

Vacation

These Shrimp Leave the Safety of Water and Walk on Land. But Why?

Published

on

By

The shrimp stop swimming at dusk and gather near the river’s edge. After sunset, they begin to climb out of the water. Then they march. All night long, the inch-long crustaceans parade along the rocks.

The parading shrimp of northeastern Thailand have inspired legends, dances and even a statue. (Locals also eat them.) During the rainy season, between late August and early October, tourists crowd the riverbanks with flashlights to watch the shrimp walk.

Watcharapong Hongjamrassilp first learned about the parading shrimp, and the hundred thousand or more tourists who come each year to see them, about 20 years ago. When he started studying biology, he returned to the topic. “I realized that we know nothing about this,” he said: What species are they? Why and how do they leave the safety of the water to walk upstream on dry land? Where are they going?

Mr. Hongjamrassilp, a graduate student at the University of California, Los Angeles, decided to answer those questions himself. His findings appeared this month in the Journal of Zoology.

Working with wildlife center staff members, Mr. Hongjamrassilp staked out nine sites along a river in Thailand’s Ubon Ratchathani province. They found shrimp parading at two of the sites — a stretch of rapids, and a low dam.

The videos they recorded revealed that the shrimp paraded from sundown to sunup. They traveled up to 65 feet upstream. Some individual shrimp stayed out of the water for 10 minutes or more.

“I was so surprised,” Mr. Hongjamrassilp said, “because I never thought that a shrimp can walk that long.” Staying in the river’s splash zone may help them keep their gills wet, so they can keep taking in oxygen. He also observed that the shells of the shrimp seem to trap a little water around their gills, like a reverse dive helmet.

DNA analysis from captured shrimp showed that nearly all belonged to the species Macrobrachium dienbienphuense, part of a genus of shrimp that live mostly or fully in freshwater. Many Macrobrachiumspecies spend part of their lives migrating upstream to their preferred habitats.

Most parading shrimp that Mr. Hongjamrassilp captured were young. Observations and lab experiments showed that these shrimp probably leave the water when the flow becomes too strong for them. Larger adult shrimp can handle a stronger current without washing away, so they’re less likely to leave the water.

Walking on land is dangerous for the little shrimp, even under cover of darkness. Predators including frogs, snakes and large spiders lurk nearby, Mr. Hongjamrassilp says. “Literally, they wait to eat them along the river.”

And the shrimp can survive on land for only so long. If the parading crustaceans lose their way, they may dry out and die before they get back to the river. A few times, Mr. Hongjamrassilp came across groups of lost shrimp dead on the rocks, their once-translucent bodies baked pink.

Yet most navigate upstream successfully, and scientists have spotted other freshwater shrimp around the world performing similar feats, scaling dams and even climbing waterfalls.

Leaving the water when the swimming gets tough may have helped these animals spread to new habitats over their evolutionary history, Mr. Hongjamrassilp said. Today, the number of parading shrimp in Thailand seems to be declining. He thinks tourist activity may be a factor, and learning more about the shrimp might help protect them.

The study’s authors made “some really excellent observations,” said Alan Covich, an ecologist at the University of Georgia who was not involved in the research. But understanding why the Ubon Ratchathani shrimp move upstream, and how far they travel, will require more research, he said.

“The most surprising thing to me was that it attracted so many tourists,” Dr. Covich said. He doesn’t know of any other example of people gathering to appreciate a crustacean in quite the same way.

“We have crayfish festivals, we have all kinds of things,” Dr. Covich said, “but generally it’s people eating them, not watching them move.”

By: Elizabeth Preston
Title: These Shrimp Leave the Safety of Water and Walk on Land. But Why?
Sourced From: www.nytimes.com/2020/11/18/science/shrimp-parade-thailand.html
Published Date: Wed, 18 Nov 2020 17:02:07 +0000

Did you miss our previous article…
https://vistagaze.com/vacation/gift-ideas-to-buy-for-hiking-fans-on-black-friday-3/

Continue Reading

Vacation

Will Aer Lingus launch transatlantic flights from Manchester?

Published

on

By

There are reports that Aer Lingus have applied for 1,500 slots at Manchester Airport for the Summer 2021 season. This will allow the airline to base four aircraft there and service flights to the United States.

At present, there have been no press releases from the airline stating what is going on. Even so, it probably makes sense for the Irish airline to do this in the current market.

Aer Lingus And Manchester

From what is known, there will be three Airbus A321LRs and an A330 based at Manchester. These will operate non-stop services to New York JFK, Boston, Chicago and Orlando, and the season starts on 28 March 2021.

With Thomas Cook having gone out of business, there is likely space for another competitor. New York and Orlando will see competition from Virgin Atlantic, while the other two routes have no airline flying at the moment.

Aer Lingus has been connecting passengers over Dublin very successfully from the UK regions for a while now. Due to this, they will have visibility on traffic patterns, potential yields and more, making this an informed decision.

I imagine they also hope to cream off some of the connecting traffic that routes through London Heathrow on British Airways and Amsterdam on KLM among others. It would prove to be quite successful.

Transatlantic Joint Venture Approval

The US Department of Transport has tentatively given its approval for Aer Lingus to join the oneworld transatlantic joint business. This is operated by American Airlines, British Airways, Iberia and Finnair.

These airlines coordinate schedules and pricing, share revenues and expenses. For the consumer, it means more choice – those making a booking on British Airways across the Atlantic will also see options on American Airlines on the BA web site as one example.



Theoretically, it would allow people seeking flights on the British Airways web site to automatically be given options to fly non-stop with Aer Lingus, along with the Manchester-London Heathrow-US city connecting itinerary.

Whether Aer Lingus will join the oneworld alliance, even in a oneworld connect capacity remains to be seen. Frequent flyers would welcome it, especially those in Ireland.

Overall Thoughts

No doubt the boffins have been working behind the scenes to see if the business case for transatlantic flights from Manchester stack up. As things have proceeded as far as a slot application, I would guess chances are good that it will go ahead.

Either way, let’s see if this happens and if it does, whether Aer Lingus will stay for the long haul. If they can make more money elsewhere, they’ll up sticks and leave. Regardless, it is an interesting development in European aviation.

What do you think of Aer Lingus starting transatlantic services from Manchester? Thank you for reading and if you have any comments or questions, please leave them below.

To never miss a post, follow me on Facebook, Twitter and Instagram.
All my flight and lounge reviews are indexed here so check them out!

Featured image by N509FZ via Wikimedia Commons.
Aer Lingus A321neo LR by Pitmanaaron via Wikimedia Commons.
Business class cabin via One Mile At A Time.

By: The Flight Detective
Title: Will Aer Lingus launch transatlantic flights from Manchester?
Sourced From: travelupdate.com/aer-lingus-manchester/
Published Date: Wed, 18 Nov 2020 18:03:48 +0000

Did you miss our previous article…
https://vistagaze.com/vacation/gift-ideas-to-buy-for-hiking-fans-on-black-friday-3/

Continue Reading

Tags

Trending