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02-27-2020, 12:29 PM
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#1
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Senior Member
Join Date: Oct 2013
Posts: 682
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Where are the good RV Loan Rates?
Been waiting for about 2 years to pull the tirgger on a Travato KL.
Now, is as good a time as any.
I'm about to look around locally at places I've used in the past for rates.
Are there any other ways I can land a great rate and length of loan. I want to go as long term as possible and have the option of a short payoff if able.
Credit rating is exceptional
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MotorHomeless At This Time...
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02-27-2020, 01:56 PM
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#2
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Senior Member
Country Coach Owners Club Oklahoma Boomers Club
Join Date: Oct 2018
Location: Choctaw, OK
Posts: 464
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If you're a vet, try USAA. Great numbers and we had an exceptional experience.
__________________
2005 42' Country Coach Intrigue Ovation LE "Nairobi" #11868, Cat C-13
Him: USAF, Retired
Her: RN, CPC, CPMA, COC
With Skye the mini-Aussie velocimuncher and Maybelle, her ferocious little half-sister
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02-27-2020, 09:30 PM
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#3
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Senior Member
Join Date: Nov 2019
Posts: 179
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We used southeast bank and it was great. All online and 5.9 for 144 months.
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03-01-2020, 11:31 AM
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#4
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Senior Member
Join Date: Feb 2020
Posts: 176
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Rates have dropped a little bit this week.
We just got 4.49% from US Bank through the dealer on our new Class A.
Remember, the interest rate is negotiable.
Especially if you have excellent credit.
Best of luck on your purchase!
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03-03-2020, 08:11 AM
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#5
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Senior Member
Join Date: Oct 2013
Posts: 682
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Crap!!
After lining up all my ducks with insurance quote, rate, price, I just happened to mention that the coach was in Texas and I'm from Michigan using my local lender. The agent says, oh, we can't finance an out of state purchase due to possible sketchy title problems that could arise....
Lovely...
Are there lenders that do out of state financing?
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MotorHomeless At This Time...
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03-03-2020, 01:34 PM
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#6
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Senior Member
Join Date: Jan 2000
Location: Castle Rock Co USA
Posts: 578
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Bank of the West
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2011 Montana-3400RL
Towed by[B]'99 F-350 SD PSD DRW Lariat
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03-03-2020, 01:44 PM
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#7
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Member
Join Date: Jan 2020
Posts: 60
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We just bought an out of state trailer and got 3.2% rates at Mountain America Credit Union. The majority of it was done online but we did go into a branch to do the final signing of paperwork because there was a branch 3 miles from where we bought our trailer.
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03-03-2020, 01:56 PM
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#8
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Senior Member
Join Date: May 2005
Location: Carlos, Texas
Posts: 1,746
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I got a horrible rate for my latest little TT. Didn't matter. It wasn't expensive ( 11K) and I'm paying it off way ahead of the set schedule.
Edit...I got horrible terms. The rate was great but the loan length was long. And as said, it didn't matter if it's paid off early.
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03-03-2020, 02:36 PM
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#9
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Senior Member
Join Date: Feb 2015
Posts: 1,951
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The Feds just lowered rates but it problems has not affected RV loans yet. Try calling Bank of the Ozarks, I got a good rate from them 3 years ago, 5.5%. Make sure that there is no prepayment penalty and you can pay it off anytime before the maturity date.
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2015 Itasca Ellipse 42QD
2017 Jeep Wrangler Rubicon Hard Rock
2011 Harley Davidson CVO Street Glide
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03-03-2020, 02:42 PM
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#10
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Senior Member
Winnebago Owners Club
Join Date: Dec 2015
Location: Jacksonville, Fl
Posts: 3,542
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There online places that will shop for you, and many other banks and credit unions that will show you their current loan rates without you having to fill out a credit app. If you know where you'd fall on the rating scale then you can get an idea of what your loan rate would be.
I got my loan through the place where I bought my RV, but by then I'd shopped around and I knew the current loan rates and I knew where I would be on the scale. Based on that I knew whether or not the dealer was giving me a good rate - they were.
Like Tx above, my loan is through Bank of the Ozarks.
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2013 Winnebago Sightseer 36V
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03-03-2020, 03:19 PM
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#11
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Senior Member
Join Date: Jan 2017
Location: Augusta Georgia
Posts: 866
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Quote:
Originally Posted by RichR
Bank of the West
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Bank of the West in December, 4.75% (if you borrow over $100K), 20 year loan (NOT going to wait that long) through the dealer. I made 2 payments, then dropped nearly $30K on the principal to carry a debt load I was more comfortable with (borrowed $100K to get the lower rate). Easy through the dealer and will most likely pay off in 3-4 years so the 20 year thing did not faze me.
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Bob (retired Army CW4) & Brenda (Veteran Army Nurse CPT)
2020 Tiffin Allegro Red 37BA
2020 Ford F150 XLT 4x4 Air Force 1 braking system
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