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gjleno's avatar
gjleno
Explorer
Jul 31, 2013

best place to apply for loan for rv

Just want to here if any rvs have had any bad experiences with loan companys and give me some good ones you had. Planning to buy shortly. Putting big chunk down and financing rest.
  • Don't fall for dealer financing options that have a low monthly payment and 12 + year terms - the interest will eat you alive. Make sure there is no prepayment penalties. I used Bank Of America and got a rate below what the dealer offered.
  • Is this a private purchase or through a dealer? I've always just let the dealer handle it. If the terms aren't to your liking just refi it before the first payment is due. If its from a private party check with a local credit union.