Rv financing question on loan amount?

Camper214 wrote:
Hi everyone I have another question?We were looking at a travel trailer in the 11k range and we are considering purchasing it.I was looking online and haven’t talked to any banks yet but I want to put half down on it so it would be roughly a 5500 $loan give or take a few hundred.I have noticed on some sites that the minimum rv loan some require is 10k?I was wondering if anyone has run into this before?I want to keep my payment low and don’t really want to buy a more expensive trailer.We haven’t filled any paperwork out yet but want some info before I get involved filling the credit app out and have salesman calling me.Thanks for any replies.

I'm not sure what you are asking :h Each lending institution might have a different policy than another so asking a general question is probably not going to get you any real useful info. I can see again depending on the institution there could be a minimum loan amount where they bank won't actually LOSE $$$ on the loan since there are sunk costs in loans such as paperwork, handling titles, and servicing the monthly payments, sending statement, etc.

I think you are best asking this question about actual minimum amounts if any of which ever lending institution you might be considering using.

Larry