Rv financing question on loan amount?
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...
Forum Discussion
With home loans, the bank is going to spend perhaps $500 getting the home apraised, and other processing fees. They done want a loan under $50,000 as these fixed costs become a higher percentage of their potential profit.
Another thought is if you are the potential finance officer, looking at owning one of the cars after failure to collect from the owner, would you want a clean condition sharp looking car? Or one barely worth $5,000? Sure I realize you are looking at a $10,000 + rv, but showing there just is not a lot of profit in a $5,000 loan.
You might try lendingclub.com. they provided me a loan on the handicap lift van I bought a few years ago. You can get prequalified online, handle all paperwork that way, including funding to my checking account, and auto payments monthly.
Another thought is if you are the potential finance officer, looking at owning one of the cars after failure to collect from the owner, would you want a clean condition sharp looking car? Or one barely worth $5,000? Sure I realize you are looking at a $10,000 + rv, but showing there just is not a lot of profit in a $5,000 loan.
You might try lendingclub.com. they provided me a loan on the handicap lift van I bought a few years ago. You can get prequalified online, handle all paperwork that way, including funding to my checking account, and auto payments monthly.
