Good Sam Financing
Now that we're really ready to buy our next toy hauler and the Work & Play is sold, its time to study my financing options. We have great credit but at the same time, RV financing doesn't quite compar...
Forum Discussion
morphrider wrote:
We have Bank of America. We are able to pay through our banks bill pay option. No checks in the mail to worry about.
Glad to hear that, but too late for us. We got our new camper about 3 years ago. BoA must have finally "seen the light!" You're fortunate.
Still, the OP needs to consider these things?
We purchased a new car this last Summer. The auto dealer worked out the financing. We ended up using an in-county credit union. I've never done business with a credit union. Everything was good.
Then we got a letter in the mail from the credit union stating they opened a saving account for us and THEY stated it with $5.00. We called them, and they explained in order to get the trailer loan, we had to have an account with them. No biggie, they gave us the starter $5.00 and no fees for the saving account.
Still, when getting a new loan, it's important to understand the relationship the bank expects to have with the customer, what types of accounts they need to maintain, or not, and what the underlying rules for for making payments.
It turned out, that credit union proved very beneficial for us. We started using that saving account (since it was local, and we drive right by it quite often), we started using it for a true saving account. We've not had a "true" saving account in a long time. With ATM cards tied to our checking account, we simply don't do saving accounts any more. Well.... now we are ... AND ... it's actually getting a nice, noticeable, amount tucked way in it now! Turned out to be a VERY good thing after all.
Still, we had the option of just keeping $5.00 there too.
