Who finances private party
I'm looking to finance a 2009 5th wheel for $16k private party buy my credit union has a min of $20k.Do you know anyone who will do this loan?
Forum Discussion
27 Replies
- I was checking the rates and for a used 5 year loan the rate is about 7.25% and for a brand new one its about 4.69% for 10 years.The payments will be about the same.Im kinda leaning towards a new one.Grant it the LANs twice as long but I will Abe pece of mind.
- Another alternative (which we used) was a home equity loan. No down payment, rates close to the mortgage and you get to have the title. We were lucky in that we had quite a lot of equity in the house, as we'd lived in it for 11 years.
- I am not sure if the units worth $20k I have t checked nada yet.Im assuming the bank won't finance $20 if its worth less
- If they'll loan 20k on the 5er you want,... Take the 20k... Make 4k first payment. Seems simple enough if you like doing business with them or they're the only ones around.
- 2009 you,ll need new tires etc ,take the twenty and pay down the loan when you get done refurbishing the rv. or a note on your home.
- Who have you asked?
