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02-25-2020, 04:16 PM
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#1
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Member
Join Date: Aug 2013
Location: Colorado
Posts: 89
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Who finances motorhomes older than 10 years?
Having issues with people getting told they can't get financing. Need to sell my 2006 Fleetwood Jamboree and this seems to be a big issue. Anyone have suggestions on where I can direct people for financing? Clearly people are getting loans from somewhere.
Thanks
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02-25-2020, 04:20 PM
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#2
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Senior Member
Winnebago Owners Club Ford Super Duty Owner
Join Date: Jul 2012
Location: Where the Rig is Parked
Posts: 1,397
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Problem is that a lot of financial institutions won't deal directly with the consumer but lend to consumers through dealers. BOA is a good example of this.Good Sam had financing through I believe Essex Credit.
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02-25-2020, 04:53 PM
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#3
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Senior Member
Join Date: Jan 2018
Posts: 184
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About the only place that would consider that would be a credit union. Bank of the west might be able to do it.
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02-25-2020, 05:08 PM
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#4
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Senior Member
Holiday Rambler Owners Club
Join Date: Jan 2020
Location: Santa Rosa, Ca
Posts: 420
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Alliant credit union just did my new to me 2007 enderour.
They are an internet company.
__________________
2017 Thor Four Winds 35SD
2020 Trailhawk toad
Semper Fi
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02-25-2020, 05:53 PM
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#6
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Senior Member
Join Date: Feb 2020
Location: NY State
Posts: 3,089
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We could have gotten a loan...but the interest rate was higher than we thought was reasonable for us (vs. investment returns), so we paid cash instead.
__________________
John
1976 Southwind 28', '96 Winnie 34WK,
2006 Tiffin Allegro Bus 40QDP
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02-25-2020, 07:26 PM
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#7
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Senior Member
Newmar Owners Club Ford Super Duty Owner
Join Date: Aug 2014
Location: SW FL
Posts: 586
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Quote:
Originally Posted by Pillbox
Alliant credit union just did my new to me 2007 enderour.
They are an internet company.
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I am financed through Alliant CU (Chicago/Des Plaines IL). They are actually the former United Airlines Employee CU (how I joined). Now open to many more companies etc. And yes, you can do everything online and over the phone.
I highly recommend them. I have also financed cars and several snow mobiles with them. 
__________________
Don Kostyal
CMSgt, USAF ret.
2012 Canyon Star 3856//2017 Corolla SE
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02-25-2020, 08:18 PM
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#8
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Senior Member
Join Date: Jul 2018
Posts: 2,812
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I take my coaches to a consignment lot and they take care of financing the buyer.
__________________
Foretravel tag axle 40 ft. 500 hp/1550 ft/lbs ism 1455 watts on the roof. 600 a/h's lithium down below.
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02-25-2020, 08:20 PM
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#9
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Senior Member
Join Date: Dec 2019
Location: Houston, TX
Posts: 1,054
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Southeast Financial
__________________
2005 Newmar Mountain Aire 4304 - 4 slides (sold to great folks and much missed)
2011 Jeep Liberty 4X4 towed (still my around town daily driver)
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02-26-2020, 08:57 AM
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#10
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Senior Member
Join Date: Aug 2017
Location: Richardson, TX
Posts: 436
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simtec820
I used Neighborhood Credit Union to finance my 2006 MH. 15 yrs @ 5% APR
__________________
Ray Skinner
2006 TS Select 45' DL14
12 Ford Focus, 10 HD Streetglide CVO
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02-26-2020, 09:06 AM
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#11
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"Formerly Diplomat Don"
Newmar Owners Club
Join Date: Apr 2005
Location: Moorpark, Ca.
Posts: 24,076
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Quote:
Originally Posted by n2zon
We could have gotten a loan...but the interest rate was higher than we thought was reasonable for us (vs. investment returns), so we paid cash instead.
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How does this help the OP in any way. He's asking for places that might be able to finance future buyers of HIS RV. You're saying he should just tell everyone to pay cash. 
__________________
Don & Mary
2019 Newmar Dutch Star 4018 (Freightliner)
2019 Ford Raptor
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02-26-2020, 09:10 AM
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#12
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Senior Member
Join Date: Jul 2018
Posts: 3,165
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credit union
__________________
2011 Keystone Sprinter 323 BHS. Port Charlotte Fl/Hinsdale MA. Retired Master Electrician. All Motor homes are RV's. All RV's are not Motor homes.
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02-26-2020, 09:58 AM
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#13
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Senior Member/RVM #90
Monaco Owners Club
Join Date: Nov 2002
Location: Columbus, MS
Posts: 54,766
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If the buyer has a good relationship with his local bank or credit union then he could probably get a personal loan with proper collateral.
__________________
Joe & Annette
Sometimes I sits and thinks, sometimes I just sits.....
2002 Monaco Windsor 40PBT, 2013 Honda CRV AWD
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02-26-2020, 06:31 PM
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#14
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Senior Member
Join Date: Aug 2015
Posts: 856
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When I looked into it there were many, credit union, good sam even my local bank.
The interest rate and term after 10yrs is the kicker plus money down.
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