Financing Q's
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. ...
Forum Discussion
poppin_fresh wrote:
Hi all,
I realize I could finance through the dealer, but I understand most dealers mark up the rate as their commission.
Absolutely a good idea to shop around for financing, and maybe in places you wouldn't think of. We financed our first RV (used fifth wheel) through our State Farm Insurance agent at the time (State Farm Bank) at a lower interest rate than we could get for an identical term loan from a big name bank. Don't dismiss dealer financing either, though. Went the dealer route when we purchased our new TT in 2012. Their financing (through Bank of America Specialty Vehicles) was lower than the rate we got from our bank or credit union. And as you discovered, credit unions often want a significant down payment and grant loans for a much shorter term than commercial banks.
