PMiller228
Nashville, TN
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Joined: 04/05/2002
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My DW and I are looking into pre-approval before we purchase a 5th wheel.
We have been told it would be good to use a "local" bank (Suntrust, Regions, etc.) for this type of loan.
What do ya'll think? Who is a good source for RV loans?
Thanks!!! 
2007 Dodge Ram 2500 QC 4x4 5.9 Cummins
2009 Crossroads Cruiser 32BL
Me, Wife, & 3 Boys
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Jayco-noslide
Galesburg,Il., USA
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Joined: 11/24/2004
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I would definitely use my local bank that I trust and would use for another financial business. Be careful- All RV's depreciate like crazy and you can end up with an "upside loan" real easy if you don't pay much down and finance long-term.
Jayco-noslide
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5th4me
calif
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Joined: 07/21/2007
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If you belong to a credit union that would be your best rates.
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Cubbyfan
Panhandle, Florida
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Joined: 11/28/2006
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Check with your local crdit union also and see what the loan APR on RV. Sometimes they can be just a little lower that local banks.
Ken & Millie,
Min Pin & Chihuahua
06 GMC 3500, CC, Duramax/Allison
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Kenneth
Washington, the state
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Joined: 03/20/2001
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Lenders are really gun shy these days with all the credit problems too many folks have and the demand for more "risk premium" (higher rates) from the wholesale sources of funds.
Make phone calls to lots of your local lenders and please let us all know what you find.
I'm free of prostate cancer for 5 years now.
All men over age 50 should get an annual PSA blood test. Mine had a low reading, but the yearly jump was significant. The biopsy showed cancer just entering the aggressive stage. Dr. Hackenslash removed it.
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loanshark
Smith Mtn Lake, Va
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Joined: 04/07/2008
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Just called my State Farm agent yesterday. They finance 4yrs on up. rates 4yrs 5.79%. 10yrs 6.39%. That's in Virginia. I don't know if that is a national program or what.
2005 F250 PSD CC Lariat 4x4
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3 boys (2yr. old and 6mo. old twins)
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biljo99
Bonaire, Ga, USA
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Joined: 02/05/2004
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Bank of America.
2008 Ford F450 CC PSD LB DRW 4.30 Moonroof King Ranch 6.4 auto Tow Boss Navigation Sirius/XM radio Audiophile
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portablevcb
Tijeras, NM
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Joined: 05/04/2006
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We've used different banks. The current trend (we just bought our current trailer in March) is to require a higher down payment. They wanted 20% on a used unit. Not sure what it would be on a new unit.
charlie
2006 Toyota Tundra Crew Cab
2003 Skyline Nomad 24ft Fiver
Me and Wife
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abc40kids
Virginia
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Joined: 10/16/2005
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I went thru Essex credit who used Bank of amer. to do the loan 6.5% and they(Essex)gave me a couple hundred $$ free camping at any KOA.
Jeff,Julie,Amber,Brandon,and Casey
Forest River Cardinal 362bhs Trail-air pinbox
'05 Chevy duramax dually 4x4 crew cab
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Mtn Lvrs
Phoenix, AZ
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Joined: 05/03/2004
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In Arizona, US Bank is very aggressive right now. They're trying to break into the market in this area. For the first time in 15 years, I did a loan with someone other than my credit union. US Bank was 1-2 points better than my credit union.
I think we got 5.99 %
Best of luck to you.
Mtn Lvrs
2006 Dodge 2500 SLT 4X4 w/5.9L CTD
2009 Copper Canyon 298FWBHS
Reese 15K Kwik Slide & Prodigy Controller
Us, 2 kids & 2 GREAT Labs! 
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