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jimbo4UT's avatar
jimbo4UT
Explorer
Nov 05, 2020

Good Sams membership so far great but

Good Sams rv loan service is absolutely horrible.
No way to call and talk to someone.
Stuck in the 1950 with the way they handle paperwork.
No communication as to where you are in the process of getting funded - being approved means very little.
Mailing a check to dealership instead of wire transfer is another 1950 era policy that is horrible.
I know as i am going thru this process.

Olga C

4 Replies

  • Hello,

    I am closing this topic due to lack of activity. Thank you for your time and participating. Please feel free to open a new thread on this topic in the future if you wish.

    Thank you,
    Ella
    Good Sam Care Team
  • Finally our loan is all done. The biggest frustration is no communication. BUT THE ONLY reason we used them is we got 3.89 financing. We could have used another lender and been done weeks ago but not at 3.89. People a dealership is not your friend on a loan. They will make up any excuse not to give you the best rate but we worked hard to have great credit and an 826 credit score deserves the best rate even if we did have to wait. Remember the dealership gets a kickback from whomever they get you the loan thru. I even told mine i will go that way provided i get the kickback. Hey they didn't find me, get my credit score to 826 or anything. By simply having you fill out your loan application at there dealership they MAKE MONEY off of you. I got a laugh and we don't do that from them on the kickback money. It's easy money and they are not giving it up. They are banking on you being so excited you won't mind paying 100 bucks more a month for 20 years, gee its only 24,000 dollars but who's counting :) Remember the higher interest rate you pay the more kickback they receive.

    Out

    Yippee
  • I understand,,,,, Believe me.
    Last week I called my local small town bank to confirm they could handle a wire transfer to purchase an RV. I have frequently done electronic transfers with USAA with no problems, and made the mistake of thinking ANY bank could do it.
    After being assured they could at any time, I went 250 miles and came to an agreement with the owner. When I called my small town bank , they said they would be happy to wire the funds, AS SOON AS I CAME BACK TO VIRGINIA TO SIGN ONE OF THEIR STINKING LITTLE SLIPS OF PAPER.
    They then sent me to a NC branch , but upon arrival I was told they only do mortgages there, but,,,, If I hurry I might be able to get to a small branch office 5 miles away, that would be closing in 15 minutes.
    I got there in time, pulled cash to complete my purchase, and closed both of my accounts there today.

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