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 > Private Seller - Financing

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lap527

Ocala, Florida

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Posted: 03/11/20 04:27pm Link  |  Quote  |  Print  |  Notify Moderator

I would check out a credit union. We are not much on the big banks if we needed to fiance something. IMHO they pay their executives way too much money.


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gemsworld

Arizona West Coast

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Posted: 03/11/20 04:38pm Link  |  Quote  |  Print  |  Notify Moderator

The OP is looking for financing suggestions, not lessons on how to spend his money. It's irritating and condescending when some posters feel the need to chime in just to bash other posters for financing their RV purchases or buying new ones. Without those two options there would be no RV industry as we know it.





magicbus

Nantucket Island, MA

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Posted: 03/11/20 05:28pm Link  |  Quote  |  Print  |  Notify Moderator

gemsworld wrote:

The OP is looking for financing suggestions, not lessons on how to spend his money. It's irritating and condescending when some posters feel the need to chime in just to bash other posters for financing their RV purchases or buying new ones. Without those two options there would be no RV industry as we know it.
Ain’t that the truth.

Dave


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PastorCharlie

NC

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Posted: 03/11/20 07:55pm Link  |  Quote  |  Print  |  Notify Moderator

The IRS does not consider my motorhome as a toy; but as a second home.

Ron3rd

Upland, CA USA

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Posted: 03/20/20 07:11pm Link  |  Quote  |  Print  |  Notify Moderator

Wow. The OP is a new member and came to this forum for help.


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drsteve

Michigan

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Posted: 03/21/20 06:10am Link  |  Quote  |  Print  |  Notify Moderator

PastorCharlie wrote:

The IRS does not consider my motorhome as a toy; but as a second home.


But unless you can itemize it doesn't matter. For most taxpayers, the standard deduction is more.


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Grit dog

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Posted: 03/21/20 11:18am Link  |  Quote  |  Print  |  Notify Moderator

But if you can't itemize then you likely can't afford or don't have a RV that's a significant deduction anyways.


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Veebyes

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Posted: 03/21/20 02:58pm Link  |  Quote  |  Print  |  Notify Moderator

We bought from a private seller. A 6 month old truck & trailer together.

It was a little complicated since I am not a US citizen nor do I have a US address.

I had a USD check cut from an investment house I deal with through a Bermuda broker. Took that check in company with the seller to his local bank where we all sat down with his banker.

The banker opened an escrow account. Check went in. Bank took balance of sellers loan out. Bank transferred the balance to sellers acct. Bank gave us the title. Escrow acct closed. The whole transaction took less than 15 minutes.

Everybody happy. No sales tax paperwork to deal with since truck & trailer are owned by a LLC outside of state of sale.


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doxiemom11

Yoakum Texas

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Posted: 03/22/20 09:14am Link  |  Quote  |  Print  |  Notify Moderator

Financed with our credit union - no problem. They told us everything to do.

busterja21

Elizabeth CO

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Posted: 03/24/20 10:03pm Link  |  Quote  |  Print  |  Notify Moderator

Some options from any bank/ credit union

- Rv /trailer loan (rv value must be >= loan amount)

- If you own a home a HELOC or home equity loan

- If you own a late model car/truck you can give the bank the title and get an auto loan


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