Community Forums

tmas · 06-17-2016, 08:32 PM

What is a good rate and terms for an RV?

I realize this is dependent on credit score, etc. I just want to get some ballpark rates and terms.

Thanks!

RangeMaggotBob · 06-18-2016, 02:48 AM

3.9 with good credit, though I have heard of people getting even better than that.

h20ski · 06-18-2016, 04:55 AM

Here is my CU info
New or Used Recreational Vehicles

Under $20,000

as low as 4.75 % up to 72 months

$20,000 to $49,999

as low as 4.95 % up to 144 months

$50,000 and over

as low as 5.25 % up to 180 months

georgelesley · 06-18-2016, 05:23 AM

For long term larger amounts, Good Sam is probably as good as anybody. 4.49 for 240 months, lower for shorter terms, a bit higher for smaller amounts. Many offer "teaser" rates for short terms and large down payment loans that few can get or want. Read the fine print and contact lender prior to submitting application as to closing or processing or inspection fees to avoid 'hard" hits on your credit you may not want.

JMonroe · 06-18-2016, 07:56 AM

For todays current rates you can check here: Good Sam loans

As you can see, there are different rates for "recreational" vs fulltimer. The latter is basically, you no longer own or rent a home.

These are a bit higher than when I locked in my loan about 2 months ago and are constantly changing.

FYI, these are actually Essex/Bank of the West rates. They'll tell you they are underwritten by Essex but Essex is simply a fully owned subsidiary of Bank of the West. Bank of the West declined our loan because the RV is our full time residence yet our payments, on the loan placed through Good Sam/Essex, are made to Bank of the West. Go figure.