We have now been researching camper vans for about 10 years and have been critically trying and saving for two years. We lastly discovered the proper camper van for $65k nonetheless we solely have $55k in liquid property presently. We don’t need to hand over all of our money so we had been going to place $50k in money and finance the $15k.
I simply obtained a proposal for a $0 annual payment bank card with a particular intro 0% APR for 21 months, which we might have the ability to pay the $15k off throughout, in order that received me considering. For background: we presently have excessive limits, 841 rating, and $0 bank card debt – we put all bills on our bank cards and pay them off each month so we gather all of the rewards and by no means pay curiosity. We personal a house value 2.5X what we owe and a automobile value 2X what we owe. That’s it so far as debt goes. We perceive the dangers, however we’ve been very lucky and accountable with our bank cards and price range, and each have steady jobs, so I wouldn’t have any issues about paying it off.
I used to be questioning if there can be any points if I apply for the 0% bank card then take out a private mortgage or HELOC then pay the mortgage again in full with the cardboard, then steadily pay that with out curiosity. I’m unsure i’d have the ability to do this, or if that might even save us any cash or if there are charges with that as properly. Any ideas round that?
Alternatively would I have the ability to pay the vendor with the bank card? I noticed that I might do it by PayPal or Venmo inside sure limits — although I do know the vendor might imagine that is sketchy — with a 3% payment ($450 on $15k), which might be cheaper than any mortgage.
Are there another choices that might price much less?
