Journey with Confidence RV GPS App RV Trip Planner RV LIFE Campground Reviews RV Maintenance Take a Speed Test Free 7 Day Trial ×
RV Trip Planning Discussions

Go Back   iRV2 Forums > MOTORHOME FORUMS > Class A Motorhome Discussions
Click Here to Login
Join iRV2 Today

Mission Statement: Supporting thoughtful exchange of knowledge, values and experience among RV enthusiasts.
Reply
  This discussion is proudly sponsored by:
Please support our sponsors and let them know you heard about their products on iRV2
 
Thread Tools Search this Thread Display Modes
 
Old 05-31-2023, 02:32 PM   #1
Junior Member
 
Join Date: Sep 2020
Posts: 21
Financing options for a Canadian to buy class a in USA

I am searching out Canadian lenders that will finance a class A that I want to purchase in the USA. I have approached a couple different options and their self imposed limits are too low.
Max they would go is 150k and $200k(not due to my financial situation).

I am looking for around $400k CAD.

Any thoughts?
Thanks.
Redram99 is offline   Reply With Quote
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!

Old 06-01-2023, 01:55 PM   #2
Senior Member
 
Workhorse Chassis Owner
iRV2 No Limits Club
Join Date: Jul 2005
Location: USA
Posts: 5,618
Just curious. How much is a new $400,000 coach worth after it rolls off the lot?
__________________
TandW
TandW is offline   Reply With Quote
Old 06-01-2023, 05:38 PM   #3
Senior Member
 
Join Date: Jul 2000
Posts: 3,993
Anyone financing $400,000 will be sorry

As prices drop the value of your unit will be upside down.
__________________
Moisheh
2008 Dynasty 42' Diamond IV
1988 Bluebird PT38
2009 Silverado Toad
moisheh is offline   Reply With Quote
Old 06-01-2023, 06:14 PM   #4
Senior Member
 
BobGed's Avatar
 
Tiffin Owners Club
Freightliner Owners Club
Join Date: Oct 2008
Location: Merritt, BC
Posts: 3,753
$400,000 CAD is about $300,000 USD which isn't that much in today's new coach market.

I understood the OP's question as wanting to borrow $400,000 CAD not that he was purchasing a coach at that price and looking for 100% financing.
__________________
Bob, Sherron & Kinsey (RIP 2013-2022)
2017 Tiffin Phaeton 40QBH
2014 Jeep Cherokee Limited
BobGed is offline   Reply With Quote
Old 06-01-2023, 06:31 PM   #5
Senior Member
 
Workhorse Chassis Owner
iRV2 No Limits Club
Join Date: Jul 2005
Location: USA
Posts: 5,618
Seems his search is for a Canadian lender that will finance a USA coach.
__________________
TandW
TandW is offline   Reply With Quote
Old 06-01-2023, 07:11 PM   #6
Moderator Emeritus
 
Gary RVRoamer's Avatar


 
Join Date: Jan 2000
Location: West Palm Beach, FL. USA
Posts: 26,752
Once he imports it into Canada, it's a Canadian coach, eh? And the loan lien is held by a Canadian lender?


I can understand some reluctance to finance a vehicle that is not yet in the country - what if there is some snafu and it cannot be legally brought into Canada? The lender could be stuck with an asset he cannot actually get his hands on. A low probability situation, but one a lendor cannot ignore on a big loan.
__________________
Gary Brinck
Former owner of 2004 American Tradition and several other RVs
Home is West Palm Beach, FL
Gary RVRoamer is offline   Reply With Quote
Old 06-01-2023, 11:21 PM   #7
Junior Member
 
Join Date: Sep 2020
Posts: 21
These boards are a bit like politics. Seems our politicians are not the only ones with the disease these days.

Ask “what colour is the sky” and the response is “ they speak English in Australia.

Lol.
Redram99 is offline   Reply With Quote
Old 06-01-2023, 11:23 PM   #8
Junior Member
 
Join Date: Sep 2020
Posts: 21
It seems to be a bit problematic to finance across the boarder. I may have to purchase outright and finance once it is back in Canada.
I didn’t really want to do that.
Redram99 is offline   Reply With Quote
Old 06-01-2023, 11:39 PM   #9
Member
 
Join Date: Feb 2020
Posts: 46
Lenders need secure collateral, and an RV in another country has no value at all to them so I do not expect you will find anyone unless you can offer the equivalent collateral in Canada, such as your house or another liquid asset.
Bearmtn is offline   Reply With Quote
Old 06-11-2023, 10:02 PM   #10
Member
 
Join Date: Nov 2014
Location: lethbridge
Posts: 76
Bought mine in az with the TD financing imported to Canada no prblem
fleetwood ex is offline   Reply With Quote
Old 09-16-2023, 05:39 PM   #11
Junior Member
 
Join Date: Sep 2023
Posts: 1
Quote:
Originally Posted by fleetwood ex View Post
Bought mine in az with the TD financing imported to Canada no prblem
I'd appreciate it if you could elaborate. I'm looking at a unit in FL. I know how to do the whole vehicle import thing, have done it before, and can pay the tax at the border no problem, but interested in how TD handled the financing. Until you get the unit to Canada, and it's registered, TD can't put a lien on the title. Or do they do that through their US entity? Any tips on the process or keywords to trigger the finance folks would be helpful. (my guy at TD said that they could only finance it once it was in Canada, and at that it would be complicated to finance a fully paid RV... clearly, I need a new 'guy'). :-)
RoaminKanuck is offline   Reply With Quote
Reply

Tags
class a



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Canadian TV options in the USA tvp Technology: Internet, TV, Satellite, Cell Phones, etc. 2 09-08-2017 09:25 AM
Financing or Re-financing a coach. Wbonsell iRV2.com General Discussion 21 07-08-2017 10:58 PM
Options, Options and More Options!! ianschneider Newmar Owner's Forum 7 10-17-2016 05:07 AM
Buy Now! Buy Buy Buy!!!! damdannyboy Newmar Owner's Forum 2 07-30-2015 04:08 PM

» Featured Campgrounds

Reviews provided by


All times are GMT -6. The time now is 03:59 AM.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2023, vBulletin Solutions, Inc.