So, I went into my local credit union where I have been a member for 30+ years. I have financed several vehicles through them and overall they are very good to deal with. However, I don't know if the lady I spoke to about RV financing knew what she was talking about or not. I would like to here your opinion on the conversation.
Told here I was just inquiring about financing options for a travel trailer or 5th wheel. She immediately though Motor home and said ohh year the kind with the Diesel engines? This sent up a red flag. I told her, no, the type where you hitch it to your truck and tow it around. Not drive it around like a bus. She then proceeded to tell me that to get an "auto type" load it would have to be a motorhome/coach type RV and have a VIN #. Other wise a loan on a TT or 5er would be a personal load, thus having a higher rate. TT and 5ers do have VIN #s, right?
This does not seem right to me. Never have taken out a loan other than a home or truck/car. Is a TT/5er/RV loan specific to these type of vehicles or are they typically an auto load with longer terms.
Lastly, and national in scope banking institutions you would recommend to look at or even a reputable online institution? I have one auto loan through US Bank and saw a few recommendations on another thread I searched out.
What say you? Thanks.