PitBoss85
Virginia
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Joined: 04/28/2008
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What kind of finance terms are banks offering right now on one year old RVs with excellent credit? In particular the $15000 to $20000 range.
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Oakman
MO
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Joined: 01/29/2002
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With excellent credit around 7 percent. You might be able to find cheaper rates through online lenders.
2002 Dodge 2500 V10
2008 Wildcat 28RKBS
Honda 2000 gen
TomTom One 3rd edition GPS
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Beartoo
Perham MN
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Joined: 08/31/2002
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Call your bank and they would love to help. A one year old camper gets great rates.
DH - Bear
DW - Marge
Dogs, Rufus and Nelie
01 F 150
1999 Coachman TT
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Warfire80
Round Lake Beach, IL
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Joined: 07/02/2008
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just got my TT for around $13,000 out the door, with a 12 year note at 8.99%, with excellent credit.
Edit: Brand new trailer.
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Fordlover
Spring, Texas
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Joined: 12/27/2005
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Financed ours on a 5 year loan @ 6.5% and we financed about 14,500, but this was on a new leftover 07 model. we've made our 7th payment and we're down to ~13K...woo hoo...
02' Ford Explorer 4.6 V8 4x4, prodigy and equalizer
07' Crossroads Sunset Trail ST19CK
03' Ford Focus SVT my daily driver
04' Volvo S40 wife's daily driver
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Benntexas
Texas
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Joined: 06/18/2008
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I ask my girl there the other day and she told me, 100% loans on new and most used for CU members at 5.75 to 6.25 depending on a couple of factors, one being auto pay from your account instead of writing a check. she told me when I find one if I don't pay cash for it, call her and she would handle it..
Here in Texas we can claim it as a second/vacation home in most cases.
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ohiotubagal
Ohio
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Joined: 07/09/2008
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If you own a home, you could consider using a home equity line of credit to finance your RV. DH and I just bought our first one and our equity line has a flexible rate of 5% right now. We can lock in a rate at any time.
Our bank is Fifth Third...you might want to check it out. I would imagine that most banks offer some type of equity line.
Good luck!
Mish
1 DH (he does the driving)
2 6 yr. old DDs
2005 Coachman Freedom 30.5 ft
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jtwisconsin
Menomonie, WI
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Joined: 02/23/2006
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You should be able to find a loan in the 6% to 7% range for 5 years and a little higher for longer terms. I am at 7.50% for a 7 year loan on our Jayco.
Personally I would do a new loan before a home equity loan. I just don't like the idea of financing a quickly depreciating asset with the equity in my house. JMHO.
John, the lovely wife, plus the 3 kids.
2007 Jayco Jay Flight 31BHS - Parked at the Seasonal Site
Previous setups...
2002 Ford Explorer V6 pulling 2000 Trail-Lite Bantam B19
1997 Chevy Blazer pulling small Coleman popup
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LoudRam
New Jersey
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Joined: 04/20/2008
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ohiotubagal wrote:If you own a home, you could consider using a home equity line of credit to finance your RV.
The other nice thing is you get the title when you buy it. To the dealer it's the same as having cash, because you do. And on top of that you can search private parties and get a better deal. That's what we did. Best move we ever made.
Todd
Desert Storm Vet (US Navy)
2002 Fleetwood Prowler Lynx 30'
2001 Dodge Ram 1500 Quad Cab 4X4 w/360 (not stock)
Predator DX2 brake controller
Equalizer Sway Control Hitch
If you can read this thank a teacher
If you can read this in english thank a vet
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