Forum Discussion

er78mph's avatar
er78mph
Explorer
Nov 05, 2015

RV Finance Company

Hello to all and thanks in advance,

I was wondering if anyone could recommend a decent finance company. I will most likely buy from a private seller and would like to borrow $ in this fashion. Is anyone familiar with a loan in order to pay a private seller? The loan will most likely be no more than 15k. Thanks
  • bsinmich's avatar
    bsinmich
    Explorer
    Nov 06, 2015
    You most likely have to look at a bigger motorhome. Essex/Bank of the West won't usually look at less than $50K.
  • Ron3rd's avatar
    Ron3rd
    Explorer III
    Nov 05, 2015
    nickthehunter wrote:
    Bank of the West and Essex Credit do a lot of RV loans and seem to have very competitive rates. Do a google search for RV loans and you should get a bunch of hits for some rate shopping.


    X2, Essex and B.O.W. are 2 of the biggest in RV loans. My last two RV's were financed through B.O.W.
  • BigSur2's avatar
    BigSur2
    Explorer
    Nov 05, 2015
    Got a good rate through 1st Advantage Federal Credit Union.

    But responses are correct. Any bank that does RV/Motorcycle/Boat loans will do. Check with your own bank first and go from there.
  • nickthehunter's avatar
    nickthehunter
    Nomad II
    Nov 05, 2015
    Bank of the West and Essex Credit do a lot of RV loans and seem to have very competitive rates. Do a google search for RV loans and you should get a bunch of hits for some rate shopping.
  • korbe's avatar
    korbe
    Explorer
    Nov 05, 2015
    We used our local Credit Union. They didn't care if it was a private sale or from a dealer.
  • Campfire_Time's avatar
    Campfire_Time
    Explorer
    Nov 05, 2015
    Your best option is to get a pre-approval from your own bank or a credit union. Credit unions seem far more willing to lend money for an RV.

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