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avalonme571959

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What is the best type of loan to purchase a recreatational vehicle?

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A vehicle loan will work because it will be secured by the title of the vehicle until it is paid and vehicle loans are usually at low rates for those with good credit. You might be able to get a pre-authorized check from your bank or credit union or financing through the dealership..

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The best type of loan is always the one that offers you the lowest interest rate and terms that meet your needs.    The longer the loan, the longer it will be on your credit report.   A short term loan with higher payments will only affect your credit while the loan is active.   You will want a loan that will allow you to credit additional payments to the principle.   It all rests with your credit as well as the firm you secure the loan with.

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