Our daughter and son-in-law are in the process of selling their cute little Fun Finder-X and are starting to look at used class C's. They really don't want to spend more than $12,000 or $14,000 and would need to finance it, but the motorhomes in that price range are about 15 to 18 years old. Where would they go about finding financing for a motorhome that old??? Is it possible? I called our local bank and they won't finance anything more than 5 years old.
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Call a broker. He/she will have a number of sources and usually can find the best deal available. If you are buying from a dealership the business manager will do this for you.
__________________ Lori (& Dave, my spirit guide) - FMCA #F419886 | RV/MH Hall of Fame Lifetime Member
2016 Phoenix Cruiser 2350S & 2014 CRV EX-L AWD, My iRV2 Photo Albums 2018 Phaeton 40IH,2006 Bounder 36Z, 2004 Cougar 285EFS, 2000 Aerolite 25FBR There is great need for a sarcasm font.
Usually they will do a personal loan which is not totally secured by the motorhome. It is hard to finance one that old
Ken
__________________ Amateur Radio Operator (KE5DFR)|No Longer Full-Time! - 2023 Cougar 22MLS toted by 2022 F150, 3.5L EcoBoost Tow Max FX4 Lariat Travel with one Standard Schnauzer and one small Timneh African Gray Parrot, retired mechanical engineer
The cheapest way to borrow money (in Canada anyways) is with a home equity line of credit. Interest is prime plus 1....so for us right now it is 3.25%. You can pay as much (or little...not recommended though, LOL) as you want whenever you want.
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Dave and Kara - Weekend Warriors 2010 Newmar Bay star 3202, Ford chassis, 2017 Jeep JK Toad, Can Am ATVs
Central Alberta, Canada
Most dealers will have sources that are RV specialty lenders. They may very well be able to find better terms than you can through a bank or local credit union that will view an RV as a vehicle rather than as an RV. We found our lender through the dealer in 2003, and got a pretty good rate.
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Paul (KE5LXU) ...was fulltimin', now parttimin'
2022 Coachmen Leprechaun 319MB
towing 2017 Jeep Grand Cherokee Limited
How to find financing????
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