best place to apply for loan for rv

I have the dealer give me a quote and then call the bank, credit union, State Farm and go with the lowest rate. Varies every time I make a purchase. I've never had one or the other be consistently the lowest.

We were on the road traveling when we bought our MH. It was 200 miles away from dealer when fnally made purchase. They did a duplicate title on trade in. I called the dealer and made an offer on MH based only on 4% loan. They took loan app stuff on phone and could only get me 4.25% and 25 year loan with Bank of the West. My MH will be in a junk yard long before then. We just happened to have a small checking account with them for years we never use. That was the easy part. Since we would be traveling I asked for the payments to be taken out of a savings account and also opened a savings account. What we didn't tell the bank is we are going to pay it off in a year.First they took money from wrong account. Second when DW would make a bulk payment they tried to charge interest. Third if DW made a bulk payment they wouldn't take out normal payment then say the payment was due. Every month DW would be on phone trying to talk to those people. It is like talking to rocks. 7 months later this month they finally figured out how to take payment out of right account and properly credit a bulk payment without interest. In another 5 months it should be paid off and hopefully DW trained some of those idiots. Keep in mind if all else fails you can ask for a full bank audit because of fraud. DW just had to remind the bank supervisors that those are the rules we play by.

If your credit score is over 800 you should have no trouble getting a good loan anywhere. JMHO

Get prequalified at a credit union is the best bet. I did this, and checked to see what the RV dealer would offer from a bank. The bank offered an interest rate that was just insulting, while the CU was far less.

Definitely a credit union. If you have great credit, ask for their lowest rate. It might be unadvertised. Good credit may also give you the ability to pay bi-monthly, allowing an additional full payment per year.

Any place but US Bank! I should known after they messed up our mortgage also.

Local credit union

Credit Union did ours.

Campfire Time wrote:
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.

This is exactly what we did. The Dealer's finance company gave us an APR of 5.99. After purchase, I contacted Costco's Essex rv financing program and got a rate of 4.25 (I understand that their rate now is 3.75) and then Essex promptly sold me to Bank of the West along with that APR. Essex through Good Sam is 3.99.

Hope this helps

Ron

I second the Credit Union!

A credit union is normally a good option.