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Old 04-28-2014, 02:40 PM   #1
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RV'ng financials

I bought my TT used last spring, and I love it, I didn't love the deal I got on the financing at the time and I just refinanced it last week for a significantly shorter loan term with half the APR.

Looking toward the future as I eventually want to trade in this trailer on motor home, how does financing for Class A's typically work? Lets say I traded in my TT on a used Class A at ~75k, what would a bank be looking for in terms of cash?

I'm just looking for some advice from people who have paid partial cash/trade-in/financing for a large RV purchase and how their financing bank handled the transaction. I love my credit union, after using USAA for a long time (and really getting some crappy deals through them) I'm really glad I switched to a small FCU. Would you even consider using financing provided by an RV dealership?
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Old 04-28-2014, 06:59 PM   #2
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Quote:
Originally Posted by defekticon View Post
I bought my TT used last spring, and I love it, I didn't love the deal I got on the financing at the time and I just refinanced it last week for a significantly shorter loan term with half the APR.

Looking toward the future as I eventually want to trade in this trailer on motor home, how does financing for Class A's typically work? Lets say I traded in my TT on a used Class A at ~75k, what would a bank be looking for in terms of cash?

I'm just looking for some advice from people who have paid partial cash/trade-in/financing for a large RV purchase and how their financing bank handled the transaction. I love my credit union, after using USAA for a long time (and really getting some crappy deals through them) I'm really glad I switched to a small FCU. Would you even consider using financing provided by an RV dealership?
On your trade in, anything after the trade in is paid off would be a down payment. They have been wanting 10% here lately except for USAA who just financed me for 0 down at 4%. so that is what you would have to deal with. Its likely that a dealer would be able to make the numbers match so it appeared on paper that you had a good down payment. good luck.
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