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Old 07-10-2012, 12:25 PM   #1
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Rv financing

Am looking for information on financing, I have very good credit and our income is better than average. I am looking at a class A , 2011 Tiffin Allegro with less than 3000 miles for approx 160k . The NADA is approx 187k, and I am finding most companies want 20% down. I have only checked with Essex Credit, does anyone have another company that requires less down payment?
Thanks
Tom
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Old 07-10-2012, 12:54 PM   #2
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I'm not sure where you are located, but my we just financed one through Randolph Brooks Federal Credit Union and couldn't be happier. They were willing to finance 90% of the NADA value of the coach and their APR was one of the best we could find. They didn't require any down payment, but like I said they will only finance up to 90% of the book value on the coach.
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Old 07-10-2012, 01:29 PM   #3
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Suntrust is the bank.
Both essex and destination financial use them, or just call them direct.
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Old 07-10-2012, 01:30 PM   #4
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Quote:
Originally Posted by Fireman_898
I'm not sure where you are located, but my we just financed one through Randolph Brooks Federal Credit Union and couldn't be happier. They were willing to finance 90% of the NADA value of the coach and their APR was one of the best we could find. They didn't require any down payment, but like I said they will only finance up to 90% of the book value on the coach.
I am in Alabama, will they finance for 20 yrs? I want to finance for 20 yrs with the intentions of paying the loan off early.
Thanks
Tom
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Old 07-10-2012, 01:34 PM   #5
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We went with USAA, purchase price was lower than Nada, so they financed 100'/'
Even put the DMV fees and sales tax into our checking account to pay the state!
Of course you have to be a member....
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Old 07-10-2012, 01:35 PM   #6
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And they lowered the percentage by a quarter point if we had the payment taken out of our account every month
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Old 07-10-2012, 02:28 PM   #7
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Bank of the West - good service and good rates!

Bronk
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Old 07-10-2012, 02:29 PM   #8
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Try Bank of the West out of California...they specialize in RV loans.
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Old 07-10-2012, 02:56 PM   #9
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I use Essex Credit. They are owned by Bank of the West. They seem to offer better terms than bank of the west. Go figure!

They loan up to 20 years and will do full timers.

Steve
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Old 07-10-2012, 03:53 PM   #10
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X3 for Bank of the West!!
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Old 07-10-2012, 04:00 PM   #11
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Quote:
Originally Posted by Tom222 View Post
Am looking for information on financing, I have very good credit and our income is better than average. I am looking at a class A , 2011 Tiffin Allegro with less than 3000 miles for approx 160k . The NADA is approx 187k, and I am finding most companies want 20% down. I have only checked with Essex Credit, does anyone have another company that requires less down payment?
Thanks
Tom
Had about 38% down and got 4.5% APR on 20 year amortization with Bank of America. Might be worth checking.
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Old 07-10-2012, 04:05 PM   #12
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Bank of the West - good service and good rates!

Bronk
X4!!! Excellent service, good rates...90%.
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Old 07-10-2012, 04:07 PM   #13
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Check your payment schedule and see what they would be two or three years down the road. You'll probably owe more than what the coach is worth.
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Old 07-10-2012, 08:20 PM   #14
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Smile Rv Financing

I just purchased a 2007 Tiffin and finaced w/ BOA at a fixed rate under 5% APR
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