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Old 02-27-2014, 06:12 AM   #1
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I realize that financing 100% of an RV purchase is probably not sound financial logic. However, in you folks' experience, which company is the best to work with vis--vis 100% financing? My wife and I have great credit and are USAA members so I have them on my list (has anyone 100% financed through USAA? What was the experience like?) but are there others out there?
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Old 02-27-2014, 06:22 AM   #2
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personally I would never finance and pay interest on a depreciating toy. soon as you drive an Rv off a lot your already upside down in it, don't need interest on top of that.
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Old 02-27-2014, 06:26 AM   #3
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Yes, I financed our first rig 100% used USAA it was a snap. I told them the amount they overnighted a check and away we went.
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Old 02-27-2014, 06:47 AM   #4
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personally I would never finance and pay interest on a depreciating toy. soon as you drive an Rv off a lot your already upside down in it, don't need interest on top of that.
Yes we all know that and most of us are not rich like some and choose to spend or borrow our children,s inheritance,when we drove out of the lot in Katy,I ask the wife how much did she think the MH was worth and she said I guess what we just paid.I told her at this time I considered it worth $0,cause it would depreciate and I didn't know when or if we would ever get rid of the $ Pit,but she alway's wanted one and worked hard as a RN for 42 year's and the only way I could justify a play Toy was to consider it $0 at that time,friend's you can't take the Bank with you and if Financing is your only way then enjoy.
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Old 02-27-2014, 07:26 AM   #5
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I used USAA for my house and cars and they are great to deal with. You may get a slightly better interest rate someplace else but USAA does great by its members.
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Old 02-27-2014, 07:40 AM   #6
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Thoughts on financing

Hello RV'ers

My opinion is that if you expect a greater return on your investments than the rate of financing; Go as high a percentage as your comfortable. I can get 240 months at 3.99%APR; I feel that my investments can do better in the long run!

JohnnyB
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Old 02-27-2014, 08:05 AM   #7
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We did 100% thru USAA last week for our TT. The process was super simple, just called them from the dealership and they sent the check overnight.
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Old 02-27-2014, 08:20 AM   #8
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If you are full time then USAA will NOT finance it. They would not even discuss financing with Thom after they found out that we have no other address but the RV.
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Old 02-27-2014, 08:30 AM   #9
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We used USAA twice and they were easy to work with. I remember them asking about the sticks and bricks address, so I suppose there is a problem with financing full timers. Wish they had insurance for the RV's.
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Old 02-27-2014, 09:35 AM   #10
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Yes we all know that and most of us are not rich like some and choose to spend or borrow our children,s inheritance,when we drove out of the lot in Katy,I ask the wife how much did she think the MH was worth and she said I guess what we just paid.I told her at this time I considered it worth $0,cause it would depreciate and I didn't know when or if we would ever get rid of the $ Pit,but she alway's wanted one and worked hard as a RN for 42 year's and the only way I could justify a play Toy was to consider it $0 at that time,friend's you can't take the Bank with you and if Financing is your only way then enjoy.
I just hate to see people lose money they didn't expect to, wind up having to sell and wondering how it could have happened not figuring everything in at the onset.
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Old 02-27-2014, 10:04 AM   #11
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USAA Insurance

USAA used Progressive. I am deciding whether to use Progressive via USAA or Blue Sky.

JohnnyB
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Old 02-27-2014, 11:20 AM   #12
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If you have a sticks and bricks home, take out a home equity loan. The loan rate will probably be lower, and you will be able to write off the interest.
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Old 02-27-2014, 11:28 AM   #13
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Originally Posted by TandCplusRV View Post
I realize that financing 100% of an RV purchase is probably not sound financial logic. However, in you folks' experience, which company is the best to work with vis--vis 100% financing? My wife and I have great credit and are USAA members so I have them on my list (has anyone 100% financed through USAA? What was the experience like?) but are there others out there?
Note I am not a financial wizard or work in that business, but what exactly is "not financial logic" as far as the purchaser is concerned? The way I see it, it is not sound for the lender and it is a great benefit to the borrower. Since you are not putting any of your own capital into the purchase, you are not losing anything except your monthly payments.

Is there something I am missing here?
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Old 02-27-2014, 11:58 AM   #14
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USAA used Progressive. I am deciding whether to use Progressive via USAA or Blue Sky. JohnnyB
I have used Progressive through USAA they have been great. I had a substantial not at fault claim last year and they took care of everything no questions asked.
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