Financing rates

[Eyetattoo]

Just wondering for those that have financed a new TH who did you go through and what were the terms? Thanks.

[big_buford]

Don't like financing toys but sometimes you do what ya got to do. Just picked up a maverick, truck was paid off. My CU let me take out what I needed, up to blue book on truck @ 1.74% instead of the 5.99 motorcycle loan.

[1jeep]

4.9 ...but a lot of this is based on your credit rating, we pick up our new trailer next weekend.

[Eyetattoo]

ga80486 wrote:
That does seem high. Here's the rate at my CU.

New & Used Motor Homes, Motorcycles, Trailers, Boats, Campers
1.95% Up to 84 mo. Longer terms avail.

Wow thats a really low rate! The lowest I can find so far is 4.59% for upto 120 months.

[ga80486]

That does seem high. Here's the rate at my CU.

New & Used Motor Homes, Motorcycles, Trailers, Boats, Campers
1.95% Up to 84 mo. Longer terms avail.

[Eyetattoo]

rockhillmanor wrote:
What people forget is the financing rate for anything is based on your credit. NOT what the stock market or internet loan website posts for the day. :W

And btw did you all know that that interest rate changes hourly? For jumbo loans it's real important 'when' you lock you loan in after being quoted.

20 people could buy an RV from the same place and obtain the same loan amount and all could have different interest rates.

I understand that completely as I worked in lending for roughly a decade. I still like to know what others are getting to make sure I am in the ball park and not getting ripped off. In my opinion its not much different than asking how much someone paid for their rig. There are a lot of variables but it is always good to have a good idea of what others are paying.

[rockhillmanor]

What people forget is the financing rate for anything is based on your credit. NOT what the stock market or internet loan website posts for the day. :W

And btw did you all know that that interest rate changes hourly? For jumbo loans it's real important 'when' you lock you loan in after being quoted.

20 people could buy an RV from the same place and obtain the same loan amount and all could have different interest rates.

[roadking59]

We got 4.25% on ours...20 year term.

[ljeast]

Just financed our new fiver with USAA @ 5% :W

[Trackrig]

Eyetattoo wrote:

Trackrig wrote:
Call your local credit union. Usually cheapest rates and a lot easier to deal with. We financed a portion of our MH with our CU so that we continued to have a loan someplace. They had the deal taken care of in three days from an out of state private seller.

Bill

My CU's rate is 7.65% which seems high, which is why I am asking what others have gotten. Thanks.

Interesting, I wouldn't have expected that high considering ours was 5.1% 2+ years ago and interest rates (overall) haven't gone up very much.

Bill

[MURPHY55347]

Check out Bank of the West and Essex Credit. The do a lot of rv loans and I have always found their rates to be the one of lowest.

[Eyetattoo]

Trackrig wrote:
Call your local credit union. Usually cheapest rates and a lot easier to deal with. We financed a portion of our MH with our CU so that we continued to have a loan someplace. They had the deal taken care of in three days from an out of state private seller.

Bill

My CU's rate is 7.65% which seems high, which is why I am asking what others have gotten. Thanks.

[Trackrig]

Call your local credit union. Usually cheapest rates and a lot easier to deal with. We financed a portion of our MH with our CU so that we continued to have a loan someplace. They had the deal taken care of in three days from an out of state private seller.

Bill