Go Back   iRV2 Forums > MOTORHOME FORUMS > Class A Motorhome Discussions
Click Here to Login
Join iRV2 Today

Mission Statement: Supporting thoughtful exchange of knowledge, values and experience among RV enthusiasts.
Reply
  This discussion is proudly sponsored by:
Please support our sponsors and let them know you heard about their products on iRV2
 
Thread Tools Search this Thread Display Modes
 
Old 10-18-2015, 11:13 PM   #15
Senior Member
 
mccrob's Avatar
 
Join Date: Feb 2012
Posts: 352
Just got mine through Essex credit they are a division of Bank Of The West. Terrible experience thought of canceling several times but was too far into the deal, never again
__________________

__________________
Bob & Elaine McClelland and the spoiled pup Izzie
2008 Monaco Diplomat
Desert Hills & Parker Az
mccrob is offline   Reply With Quote
Join the #1 RV Forum Today - It's Totally Free!

iRV2.com RV Community - Are you about to start a new improvement on your RV or need some help with some maintenance? Do you need advice on what products to buy? Or maybe you can give others some advice? No matter where you fit in you'll find that iRV2 is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with other RV owners, see fewer ads, upload photographs, create an RV blog, send private messages and so much, much more!

Old 10-18-2015, 11:45 PM   #16
Member
 
Winnebago Owners Club
Join Date: Mar 2014
Posts: 71
Bank of the West worked great for us. We just did one in the same range you are looking to do.
__________________

__________________
Larryg17 is offline   Reply With Quote
Old 10-19-2015, 09:26 AM   #17
Senior Member
 
TexasTom's Avatar


 
Newmar Owners Club
Join Date: Jul 2013
Location: DFW
Posts: 955
Did ours though Essex and Bank of the West. Process was fine, got a rate below 4%. A key component for me was the loan language, which was standard/acceptable. I found when reviewing the loans from a couple different banks & credit unions (and talking with them) that many included demand language which gave them the ability to demand immediate payoff on the loan at any time, even if the loan payments were all on time.
__________________
TexasTom is offline   Reply With Quote
Old 10-19-2015, 09:51 AM   #18
Senior Member
 
Rossi6998's Avatar


 
Winnebago Owners Club
Join Date: May 2008
Location: Whittier, CA
Posts: 580
Quote:
Originally Posted by mccrob View Post
Just got mine through Essex credit they are a division of Bank Of The West. Terrible experience thought of canceling several times but was too far into the deal, never again
I have used Essex Credit three times. The first time, everything went flawless. The second time, the person had to overnight me the paperwork twice due to errors on their part. The third time went flawless.

A lot of it depends on who is handling your paperwork. The second time, it was obvious we had someone new who was learning the process.
__________________
John Rossi
2013 Itasca Sunstar 26HE

Firestone Airbags, Hellwig front/rear Anti-Sway Bars,
Rear Trac Bar, Safe-T-Plus, and 480 watt solar system.
Rossi6998 is offline   Reply With Quote
Old 10-19-2015, 10:21 AM   #19
Senior Member
 
Sidewinder4's Avatar


 
National RV Owners Club
Join Date: Oct 2014
Posts: 373
All great responses: Dealership information beat everyone I had looked at. Bank of America came out best only because the dealership had their information.
__________________
Terry & Kathy
2012 Dutch Star DP 4346
Sidewinder4 is offline   Reply With Quote
Old 10-19-2015, 12:15 PM   #20
Senior Member
 
Join Date: Oct 2015
Posts: 324
My credit union charges me 13% on an 10 year RV loan of 70k (used). I don't know if that's average but seemed a bit high to me. I did have some financial problems several years ago but things were good in May when I borrowed the money.

I didn't try an other lender because I've always been happy with my credit union.
__________________
steve11669 is offline   Reply With Quote
Old 10-19-2015, 04:02 PM   #21
Senior Member
 
Join Date: Dec 2007
Posts: 982
Alliant Credit Union. They absolutely know what they are doing. And they specialize in fulltime RV's too. Our financing was done in 3 days start to finish. They do everything via electronic except you have to initially fax your ID stuff to open the account. They also give a rate discount to Escapees members.
One if their service reps even stayed over waiting for one our wire transfer s to arrive so they could get the check overnighted to us the same day. Service is what they know and do
__________________
Ron & Linda
2000 Dynasty 38PBS
Full time since 2007
Nana25K is offline   Reply With Quote
Old 10-19-2015, 04:05 PM   #22
Senior Member
 
Hamshog's Avatar
 
Join Date: Feb 2010
Location: Palm Springs, CA.
Posts: 124
Hey Steve 11669,

That's crazy high! Just paid off the Bank of the West loan we had at 3.65% for $80,000.00. Run from 13% fast!

Regards, Howard
__________________
'10 Carri-Lite 36XTRM5, '05 H/D Road King Classic, '05 Jeep Wrangler LJ, '02 Dolphin 5355 W/H 8.1L/Alli, Fulltime since 5/2010
Hamshog is offline   Reply With Quote
Old 10-19-2015, 04:48 PM   #23
Senior Member
 
Join Date: May 2015
Location: Oxford, Ma
Posts: 100
Totally agree. 13% is way too high and you should definitely look elsewhere. We just got 4.24% through Bank of America on our 15 Itasca 36G. We could've gotten into the 3's but that lender was dragging their feet and kept asking for this and that so we said F it and went with Bank of America.
__________________
Mike & Yolanda D
2015 Itasca Solei 36G
Oxford, Ma USA
Digger29 is offline   Reply With Quote
Old 10-26-2015, 03:43 PM   #24
Junior Member
 
Join Date: Oct 2015
Posts: 5
Hi everyone. I'm new to irv2. We've got a 21 foot camper which we're selling and we're buying a used Damon Daybreak 3276 class A. My whole family is excited to be able to stretch their legs. My question is I've signed the loan docs for M&T bank at the dealership for 5.9% but then found Essex is offering 4.85%. I haven't actually taken delivery of the Damon yet since its going through the shop for a once over at the dealership. Am I still able to switch finance companies? I know the dealership won't be to happy about that since they get a kickback from their lender. I'd appreciate any advice. Von
__________________
vonguerrero is offline   Reply With Quote
Old 10-26-2015, 05:20 PM   #25
Member
 
Peteyboy's Avatar
 
Join Date: Oct 2013
Posts: 91
Bank of the West,,, 2.99% on a new Winnie.
__________________
Peteyboy is offline   Reply With Quote
Old 10-27-2015, 04:22 AM   #26
Senior Member
 
bobgio's Avatar


 
Fleetwood Owners Club
Join Date: May 2015
Location: St Augustine, Fl
Posts: 143
Bank of West through Essex

We ended up going through Essex/Bank of West. Done in one day, easy, flawless. Rate below 4%
__________________
2015 Fleetwood Bounder 33C
F53 Roadmaster Trac Bar
bobgio is offline   Reply With Quote
Old 10-27-2015, 08:13 AM   #27
Junior Member
 
Join Date: Oct 2015
Posts: 5
Just found out that once the original financing contracts are signed there's no changing it. The only option would be to refinance. Delaware has no grace period. The dealership also gets a kickback. I was later told that you can negotiate with the dealership in regards to the finance rate. Good to know for the future.
__________________
vonguerrero is offline   Reply With Quote
Old 10-27-2015, 10:02 AM   #28
Senior Member
 
mccrob's Avatar
 
Join Date: Feb 2012
Posts: 352
Maybe because I bought my coach from a private party Essex was terrible to work with over 3 weeks to close deal no communication slow paperwork. Just not a great experience but a good rate 4.25. Won't use them again
__________________

__________________
Bob & Elaine McClelland and the spoiled pup Izzie
2008 Monaco Diplomat
Desert Hills & Parker Az
mccrob is offline   Reply With Quote
Reply



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Financing the RV Lez Go Rving Full-Timers 9 12-04-2014 09:42 AM
Financing Butte64 Class A Motorhome Discussions 12 11-09-2014 02:04 PM
Question about FINANCING bamaboy473 Class A Motorhome Discussions 28 09-15-2014 07:41 PM
Financing gitarwmn iRV2.com General Discussion 12 06-18-2013 07:13 PM

» Virginia Campgrounds

Reviews provided by


Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -6. The time now is 10:35 PM.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.