Selling an RV with a lien
Hello everyone. I am in the process of selling my Class A. Kids are in their mid to late teens and we are still a few years from retirement so the RV is sitting most of the time unless we can all ge...
Forum Discussion
PIlots123 wrote:
The RV has a lien at a local credit union but the selling price that I hope to get should cover the loan amount. Paying off the loan ahead of the sale to get a clear title is not an option.
FIRST....clarify with your credit union that you can not convert the "vehicle loan" to an unsecured personal loan with a "no penalty" prepayment option.
If you can, that would simplify things a LOT.
The interest rate likely would be quite a bit higher......but hopefully the total cost won't be much because you can pay it off in a few months.
