Forum Discussion
valhalla360
May 14, 2022Navigator
restlessways wrote:
A 4.99% interest rate on an RV right now would probably be the prime rate for a buyer with the highest credit score, I would imagine. I had a brief conversation last year with a financing gal at one of the largest RV dealers on the west coast. I wasn't looking for credit, but I decided to chat her up to see what kind of financing was going on, and what she told me was truly stunning. She said that people were borrowing at rates of up to 19%. Put that in your pipe and smoke it.
It may be possible they found a sucker with really bad credit and sent them to the local loan shark but 19% would be wildly out of the norm even with poor credit unless you go back to the days of Jimmy Carter.
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