RV Financing

[Flatlander1]

Great discussion!
Who are the lenders that folks would recommend for the above described situation?
TIA

[dmctlc]

Originally Posted by Flatlander1

Great discussion!
Who are the lenders that folks would recommend for the above described situation?
TIA

I had Bank of the West for my former Class A gasser and now I have US Bank for my DP. Both had very good rates at the time easy applications and approval. US Bank had 3.99 for me which was the best I could find out there at the time we bought it in May this year.

[MO Fred]

Originally Posted by pc500

Retirement distribution money can count as "income" for the banks perspective.

A willing credit union may give you a very low (3%) rate if you allow them to use your retirement bank account as collateral.

Hmm... 3% rate on a motor home. I have an 837 credit score and the best I could do was 4.99% a couple years ago. Maybe I screwed up or maybe the rates have come down.

[kcdogger]

Originally Posted by MO Fred

Hmm... 3% rate on a motor home. I have an 837 credit score and the best I could do was 4.99% a couple years ago. Maybe I screwed up or maybe the rates have come down.

On these forums, you can count on a couple of things. One, no matter what price you paid for an RV, someone got a much better deal. Two, no matter how low your interest rate on a loan is, someone will chime in they did better.

[HDGoose]

Originally Posted by MO Fred

Hmm... 3% rate on a motor home. I have an 837 credit score and the best I could do was 4.99% a couple years ago. Maybe I screwed up or maybe the rates have come down.

Rates have come down. This year, 3% mortgage and 4% truck loan. RV paid in one payment years ago.