Financing Q's

poppin_fresh wrote:
Hi all,
Probably been asked before, but a search didn't seem to get me what I wanted.

The wife and I are seriously thinking about pulling the trigger on a new trailer to replace our 2005 Hybrid. We are ready for a little more room.

I realize I could finance through the dealer, but I understand most dealers mark up the rate as their commission. Instead I would rather bring my own financing to save some $$, but who to use? There are a couple that I have heard mentioned or found with google, but would like some feedback from actual customers. None of our local credit unions have very good deals unless you want a very short term so they are probably out.

And please spare me the "if you cant pay cash, you shouldn't buy it" speech. We make good money, but if we waited a few years until we could pay cash, we will have missed years of camping memories with our kids. That to me is worse than having another payment.

Thanks!

Why would you want to mess around with banks you find online?

Go to YOUR local banks, ask for the current interest rate on a RV, choose the local bank with the best rate and or the local bank you TRUST the most.

Go to your RV dealer and negotiate a price you can live with NOT INCLUDING FINANCING.

THEN ask the RV dealer for the SAME price with the BEST finance rate they can give you.. Compare and use the one that is the best for YOU.

The nice thing about using your local bank is if you have a problem with the loan you can march into the bank office and get things fixed!

Not to mention some banks will knock off a little on the interest rate IF you have the loan payment automatically with drawn..