Financing for 'Older' Motorhomes (and Trailers)

[Amazonia]

I have been looking at RVs for over a year. I finally found one I want and the time is right, but it is older than 2009 (a 2004), the cutoff for Good Sam loans. It is a Chinook so it is very well made, but that doesn't help it qualify. I also seriously considered a 2006 Airstream trailer, and it wouldn't qualify either.

Has anyone successfully financed an 'older' RV? I intend to full time in it if that makes a difference.

Thank you in advance for any and all assistance!

[Isaac-1]

Check with your local bank / credit union, I was surprised to find my local bank had no issue financing my 2002 motorhome last year, although their big thing was only financing up to NADA value. Also I was financing for only 4 years.

[Just For Fun]

Isaac-1 is right. A bank or credit union (especially credit unions) you've had experience with for several years is more financing you than what you purchase.

Give them a call and let us know how that worked out.

[barmcd]

Southeast Financial RV Loans approved me for a loan on a 2005 Class A motor home last year so you might try them.

https://www.sefinancial.com/vehicle/rvs-campers/

[keymastr]

I took a loan from my 401K. All the interest goes back to my 401K so I am paying interest to myself. May not work for everyone but a great solution for some.

[Dale70]

I had no trouble through USAA financing a 15 year old motorhome. However I was only asking for about 40% of the value and was paying the rest in cash.

thx

[Unicorn Driver]

I financed a 2005 through my local cresit union, borrowed about 29k.

[Dutch Star Don]

Don't tell them you intend to full time, that sometimes will kill the deal (no place to repo it).

[rarebear.nm]

USAA made a loan for our 2007 Excel 5th wheeler with a small down payment. We paid it off less than a year later. No questions, completed in a few minutes over the phone.