chanman17
US
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Joined: 01/18/2011
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Hey all! I'm about to pick up a 2011 Fun Finder xtra 275. Got it new from the dealer for 21K. Question. They're offering me financing at 10% for 12 years with 3,300 down. What do you think of that? I thought the rate is really high but after looking into it, that seems to be about the going rate for an RV or trailer.
Also, what kind of insurance do I need for something like this?
I plan to tow it with a 2012 Silverado (max towing is 9600), and travel with up to 2 big block Harley's.
Thanks!
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fandango49
Severna Park, Maryland
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Joined: 07/01/2011
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Try these guys:
http://www.scottrvloan.com/
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linnemj
Northern Mississippi
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Joined: 05/07/2010
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10% interest rate on a RV loan seems really high to me. You need to check around with local banks and credit unions to see what else is available.
For insurance, start with the company you have your auto insurance with. You can then compare pricing on-line to see if it is reasonable. There is some advantage to having your RV and trailer insurance with the same company.
Good luck and happy camping!
Jim & Nicky
2012 Forest River XLR MBV 29
2010 Dodge Ram 2500 Diesel
Motorcycles!
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lincster
Mesa Az
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Joined: 01/27/2003
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Really high interest. I am paying 5.25% on my trailer through my credit union.
2012 F350 PSD CC 4X4 Dually to pull 2006 LE3905
Lincsters Truck/Trailer
Lincsters Rail
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Hap Hazard
Mammoth Lakes
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Joined: 12/10/2006
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My Credit Union show current rates at 5.74% for towables. You should check around.
Hap
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porkchop1221
US
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Joined: 02/14/2012
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10% seems really high but it might depend on your credit score. I was quoted 5.59% at one place and 5% at another.
I found that penfed home equity loan is 1.99% for 5 years. If you can float the monthly payment that's not bad. You have to be a member of some things, like military, but it's not limited to that. There is a list of places you can be a member of to quality. The rates there seems pretty good. You can go online and see what rates they have. Their car loan was also 1.99% for 5 years.
Good luck and congrats!
2012 GMC 3500HD, Diesel, Crew Cab Standard Bed, SRW
2013 Cyclone 3010 (to be picked up)
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porkchop1221
US
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Joined: 02/14/2012
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I forgot to mention but good sam also have rv loans. I forgot the rate but I don't think it's that much more than 5.49% again, it all depends on your credit score I think.
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souraider
Rogue Valley, OR
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Joined: 01/16/2004
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Try a local credit union.
06 Ford F-350 PSD CC FX4
05 Fleetwood Pioneer ASV 260FS
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Crazy Cooter
Redding, CA
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Joined: 03/18/2005
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Depends on your insurance carrier. Some add the trailer to the towing vehicle and some write a separate policy for it. When I had Allstate, it was a separate policy as is Progressive. I now have Farmers and is insured on the truck policy for about $190yr.
10% is a bit high if you have good credit. Anything 5-7% I feel is fair and less that 5% is outstanding!
Tony KI6WAO
2006 Dodge Ram 3500 DRW
1992 Jeep Wrangler YJ
2012 Cyclone 300C
2013 Can Am Maverick X-RS
2006 KTM 525 EXC CA Plated
2008 KTM 525 XC ATV
2008 Polaris 525 IRS
2007 Kawasaki STX12F
2009 Kawasaki 260X
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shagan77
Ozarks
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10%? Did they ask you to bend over and smile? These are clearly not your friends. I looked at banks and finally settled with State Farm, my insurance carrier. They gave me far better rates, plus when they write the coverage for it they provide, at no cost, the coverage for the difference in what your rig is worth and the loan balance (cause you know it's value drops 33% when you pull it off the lot). I think I'm paying 4.75% interest on mine.
2013 Sierra Denali 3500 Duramax\Dually
2011 Cyclone 3950 HD
2009 Harley Davidson Ultra Classic
2011 Can-Am Spyder RT-S Limited (DW's)
Usually a keg of beer....
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