Originally Posted by RSteele
Used USAA for my last two coaches. Completely painless, great company. Everything is done over the computer. You can call them and have a loan in 30 minutes. They will send you the check overnight. They will also finance older coaches that a lot of other banks won't touch. Lowest rates I could find also. Absolutely nothing bad to say about them. You can also talk to real person quickly and not get the computer menu run around. They will do 100% finance on under 100k. Over 100k they want 20% down.
Just a minor clarification that I think someone above already mentioned... The way the USAA rep explained it to me was, if it's over $100k, they'll go to NADA Average (for used RVs), and they'll loan you up to 80% of that amount.
So say you're looking at a 2007 American Eagle 42F. NADA Average (they don't include options) is... Let's say $200k to make the math easy. USAA will loan you $160k on that coach, regardless of what it's being sold for. So if you find someone willing to sell for say, $140k, then USAA will finance the entire amount.
At least this is how it was explained to me recently.