|
|
02-27-2014, 05:12 AM
|
#1
|
Senior Member
National RV Owners Club
Join Date: Feb 2013
Posts: 120
|
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-à-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?
__________________
2017 Chevrolet Colorado Z71 w/ Duramax Diesel
2018 Lance 1475
2006 National Seabreeze 1350 (SOLD!)
|
|
|
|
Join the #1 RV Forum Today - It's Totally Free!
iRV2.com RV Community - Are you about to start a new improvement on your RV or need some help with some maintenance? Do you need advice on what products to buy? Or maybe you can give others some advice? No matter where you fit in you'll find that iRV2 is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with other RV owners, see fewer ads, upload photographs, create an RV blog, send private messages and so much, much more!
|
02-27-2014, 05:22 AM
|
#2
|
Senior Member
Join Date: Nov 2010
Posts: 2,415
|
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.
|
|
|
02-27-2014, 05:26 AM
|
#3
|
Senior Member
Join Date: Jan 2013
Posts: 636
|
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.
|
|
|
02-27-2014, 05:47 AM
|
#4
|
Senior Member
Freightliner Owners Club
Join Date: Jun 2009
Posts: 458
|
Quote:
Originally Posted by laj
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.
|
|
|
02-27-2014, 06:26 AM
|
#5
|
Senior Member
Nor'easters Club Fleetwood Owners Club Freightliner Owners Club
Join Date: Feb 2014
Location: Lake Katrine, NY
Posts: 269
|
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.
__________________
Herb, Anna and Lil Herb
2018 Fleetwood Discovery LXE 40G
[SIGPIC][/SIGPIC]
|
|
|
02-27-2014, 06:40 AM
|
#6
|
Senior Member
Join Date: Dec 2013
Posts: 168
|
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
|
|
|
02-27-2014, 07:05 AM
|
#7
|
Junior Member
Join Date: Feb 2014
Posts: 12
|
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.
|
|
|
02-27-2014, 07:20 AM
|
#8
|
Senior Member
Monaco Owners Club
Join Date: Jul 2011
Posts: 2,200
|
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.
__________________
Thom and Christine having fun in a 1993 Monaco Crown Royale Signature Series 40ft 300hp RV. Towing a Fiat 500 Abarth and a Harley.
Our blogged repairs and travels
|
|
|
02-27-2014, 07:30 AM
|
#9
|
Senior Member
Join Date: Feb 2012
Posts: 715
|
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.
__________________
2007 Dutch Star 4320
2010 Mazda Miata 6 speed
Roadmaster tow
|
|
|
02-27-2014, 08:35 AM
|
#10
|
Senior Member
Join Date: Nov 2010
Posts: 2,415
|
Quote:
Originally Posted by DBOL
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.
|
|
|
02-27-2014, 09:04 AM
|
#11
|
Senior Member
Join Date: Dec 2013
Posts: 168
|
USAA Insurance
USAA used Progressive. I am deciding whether to use Progressive via USAA or Blue Sky.
JohnnyB
|
|
|
02-27-2014, 10:20 AM
|
#12
|
Community Moderator
Newmar Owners Club
Join Date: Feb 2011
Location: Point Pleasant Beach, NJ
Posts: 31,307
|
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.
__________________
Tony & Ruth........... FMCA#F416727
2016 London Aire 4519, Freightliner chassis, Cummins ISX, 2018 Jeep Wrangler Unlimited, Blue Ox Avail with AF1. TST 507 TPMS
No amount of money can buy you an extra second of time.
|
|
|
02-27-2014, 10:28 AM
|
#13
|
Senior Member
Forest River Owners Club
Join Date: Jan 2014
Location: Pittsburgh, PA
Posts: 388
|
Quote:
Originally Posted by TandCplusRV
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-à-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?
__________________
Dan (RVM67), Yvonne & 2 nutty mutts
2015 Flagstaff V-Lite 30WFKSS; 2012 Sierra 2500HD Crew
Home is behind, the world ahead, and there are many paths to tread...
|
|
|
02-27-2014, 10:58 AM
|
#14
|
Senior Member
Join Date: Jan 2013
Posts: 636
|
Quote:
Originally Posted by brunsje
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.
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Thread Tools |
Search this Thread |
|
|
Display Modes |
Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Discussions |
|
|
|
|
|
|
|
|
|
|
|
|
|