RV.Net Open Roads Forum: Class A Motorhomes: Best Rates?


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Cottontop

Vancouver, WA

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Posted: 04/01/08 09:02am

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Go to your bank and get a line of credit and it is all tax deducible.

69RoadRunner

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Posted: 04/01/08 09:11am

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The line of credit is usually an adjustable rate. A home equity loan can be fixed. At today's low rates, you'd be nuts not to get a fixed rate.

You can only get up to $100,000 in a home equity loan AFAIK. You could get a conventional RV loan to cover the amount over $100,000.

This assumes you have enough equity in your home to do that.

09 Newmar Ventana 3942

William B

Atlanta area right now

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Posted: 04/02/08 06:50am

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Essex Credit 5.99%

Full-Timing
2007 Holiday Rambler Navigator
2006 Jeep Grand Cherokee
2007 BMW R1200RT on Hydarlift

Phinster

West Palm Beach, FL

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Posted: 04/02/08 07:16am

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I would have to agree with USAA. They financed our last 2 coaches. Given that someone said USAA will give 5.79% I would take that number to your local credit union/bank and have them match or beat it.

* This post was edited 04/02/08 10:21am by an administrator/moderator *

JTHarley

Harrisville, Michigan, USA

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Posted: 04/02/08 09:55am

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Think long and hard before going upside down in your home. In todays market if an emergency occurred I would rather loose the motorhome and not my real home.

Jim , MJ & Spirit of Sambuca Bear
2006 Winnebago Vectra
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Wildflower

Michigan

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Posted: 04/02/08 06:07pm

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You might want to talk with all the banks in your area. We've always done that and find you can get them working against each other- at least they would four years ago. It's worth your time. We managed to haggle and ended up with 5%. Would love to trade now but know we'll never get quite that kind of rate.