Lenders for a 2007 seneca hd 34?
Found a RV but have been running into issues with financing with it's age. Anyone have good experience financing a 10 yr old RV? Also looking for longer loan limits.
Forum Discussion
DownTheAvenue wrote:Meaning what, exactly? Every RV I've owned was purchased at least 10 years old, with a 10-12 year loan. I rarely put over 3000 miles/year on them, so the term is not a problem for me, and keeps the payment low enough that changes in the economy or our situation seldom becomes an issue. Some people would also poo-poo the idea of financing an RV at all; rather than paying cash. Everyone's needs and situations are different.
If you have to finance a 10 year old RV with "longer terms" then I have to wonder if even buying a RV makes sense for you.
To the OP, yes, any RV over 10 years old is difficult to get financing on (even short term). We went through a credit union; even though they had a rule against older RV's, they were willing to waive the rule for an RV that was particularly clean and low mileage.
