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Old 02-28-2011, 12:43 PM   #1
Join Date: Nov 2006
Location: Pensacola, Fl.
Posts: 67
Question RV Loan Info

Our 2001 Alpine has a blown motor after 200,000+ miles. To repair it will be around $10,000, to replace the Cummins engine would be $18,000. We will need to put this on a credit card or take out a loan on the motorhome to pay for it (it is paid for). Any advise? Any recent finance rates, finance companies, banks that you have dealt with?
Heath & Mindy,Katie,Dylan Oestricher

2001 Alpine 38 FDDS
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Old 02-28-2011, 01:41 PM   #2
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GaryKD's Avatar
Newmar Owners Club
Join Date: Jul 2006
Location: Wellington, Florida
Posts: 13,599
Hi 2racer,
Sorry to hear about your blown engine. Without knowing more about you, the following are just some ideas:
1. 1st or 2nd mortgage on a house/property.
2. Borrow from a tax deferred account.
3. Loan on the coach.
4. Loan against owned asset (stock, bonds, etc).
5. Depending on how fast you can repay the $s, there are credit card balance transfers offering 0% to 4% interest for a specific period of time.
6. If you belong to a credit union, see what products they offer.

For financing rates, consider Googling "motorcoach financing". Essex Credit is advertising 5.49%. Their contact number is 800-444-1476 (code 412). This is via Good Sam. Gut feel says anybody can get the rate.

Good luck,
2005 Newmar KSDP 3910 + GMC ENVOY XUV 37K lbs Moving Down The Road
The Avatar Is Many Times Around The USA
Nobody Knows Your Coach Like Somebody Who Owns One Just Like Yours
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Old 02-28-2011, 02:24 PM   #3
Join Date: Nov 2006
Location: Pensacola, Fl.
Posts: 67
Thanks Gary! I'll look into it.
Heath & Mindy,Katie,Dylan Oestricher

2001 Alpine 38 FDDS
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